Lemon Loan APK
App By: JOYWIN LENDING INVESTOR, INC.
Rating: 4.5+ Downloads: 1200+ Size: 13 MB Updated: Feb 18, 2023.
Lemon Loan Apk is an Android Application that provides access to an online lending platform. The utility prompts users to fill out the Application and approve it quickly. Funds are deposited into a bank card or electronic wallet.
To use the Application, users are typically required to provide personal and financial information, such as income and credit score. The Application uses this information to assess a person’s creditworthiness and offer them a loan if they are eligible.
The loan repayment process is usually quick and the money can be deposited directly into one’s bank account. Lemon loans may charge processing fees and loan interest, so it’s important to understand the terms and conditions before you qualify for a loan.
It should be noted that getting a personal loan should not be taken lightly and should be done only after careful consideration of the individual’s financial situation and ability to repay the loan. It is a good idea to compare different loan options and interest rates before making a decision.
About Lemon Loan Apk?
Lemon Loan Apk provides you with first-class satisfactory financial products and services. Our goal is to help you solve your financial problems in a short time. We strive to build a trusted brand among our customers.
- Lemon Loan Apk is very easy to use. In a few steps, you can apply for a loan and get the money in your Mpesa account.
- Lemon Loan respects all customers and seeks to improve service.
- Lemon Loan cares and protects your private information as a true friend.
Lemon Loan User Requirements
- Citizens of Kenya
- Above 18 years of age
- Mpesa users
Lemon Loan Desire Rate
- Loan Amount: Ksh 2,000 – Ksh 50,000
- Loan Tenure: 80 – 365 days
- Single origination fee rate: 24% APR (annual rate) or 2% per month (24% ÷ 12 months) or 0.06575% per day (24% ÷ 365 days)
For example, if the loan amount (principal) is KSH 10,000 and the loan term is 80 days, the origination charge rate for 80 days would be 0.06575% per day x 80 days = 5.26%. This would translate into an APR of 24%.
The disbursed (principal) amount of the loan will be KSh 10,000. Total origination charges will be Ksh 10,000 x 5.26% = Ksh 526. Total amount outstanding at the end of the loan term (after 80 days) Ksh 10,000 (Principal) + Ksh 526 (Principal Payment) = Ksh 10,526.
Guidelines for using Lemon Loan Apk
- Download Lemon Loan Apk on Google Play Store and Apklook.
- Sign in with your Mpesa phone number and get a Lemon Cash account.
- Complete your information and submit it to get the loan limit.
- Apply for loans within your credit limit.
- Get money into your Mpesa account.
Features of Lemon Loan Apk
- Assists residents of the Philippines in arranging and receiving cash loans;
- It is necessary to create an account similar to PitaCash;
- Electronic wallets, transfers, and reimbursements are made through terminals;
- The App is free to download and use;
- Compatible with current Android versions.
How to use
Only residents of the Philippines between the ages of 18 and 50 can use this App. A mandatory requirement is the presence of a stable source of income: your own business or work.
To create an account in this Application, you must provide a valid phone number as well as identification data from one of the mobile operators in the Philippines. At the same time, you will also need to upload your ID photo.
