Before you take a loan from Lendigo, it is very important to look out for Lendigo reviews to see what customers have to say about them. In fact, this is not just about Lendigo. It is advisable to go through reviews before borrowing money from any lending app.
In recent times, there are hundreds of lending apps that have surfaced in Nigeria, with almost all of them promising a fair and customer-friendly package. But the truth is, you don’t just have to go by their words. Checking out what people out there are saying about them will tell if you should patronize them or not.
I know you may be wondering why you need to check for Lendigo reviews before patronizing them, and as such, I am here to educate you and also analyze their services and also inform you of what their customers are saying about them.
What is Lendigo, and what do they offer?
Lendigo is one of the fintech platforms in Nigeria that offers Small and Medium-sized Enterprises (SMEs) loan services. Their loans are targeted at SMEs for the following sectors:
- e-commerce merchants
- Distributors
- POS agents
- Auto dealers, and many more
As of the time of making this review, Lendigo claims it has disbursed over 6 billion Naira in loans to over 2,500 (two thousand five hundred) unique customers and has served over 2,000 (two thousand) Small and Medium-sized Enterprises (SMEs).
See Also: Full list of Loan Apps with Low Interest Rates in Nigeria 2025
Lendigo Loan Amounts
Lendigo gives loans that range
from ₦100,000 (one hundred thousand naira). They claim that users can borrow from ₦100,000 for SMEs without collateral and can borrow up to ₦10 million, depending on the type of business.
Interest Rate and Repayment Terms
Lendigo claims to give low-interest-rate loans with flexible loan terms. Lendigo doesn’t state the exact interest rate on their website, but according to sources like getoze.com, it interest rates start from 2.0% monthly. Also, sources have mentioned that customers may be charged a processing fee ranging from 0.5% to 1%, and some sources mention a 15% security deposit in certain contexts.
Repayment Terms
Most loans offered by Lendigo are short-term. Most of their loan plans for SMEs have repayment periods of 1 to 6 months. Nevertheless, they have extendable loan plans that allow up to 12 months, but this plan is mostly for larger or specific businesses and is not open to all.
Lendigo Eligibility and Requirements
If you want to borrow a loan from Lendigo, there are a few things you need to have in place. These requirements are to make sure your business is stable and able to manage the loan repayment without stress.
1. Business Registration
Your business must be registered in Nigeria as an LLP, PLC, or Ltd.
2. Business Age
Your business must have been around for two years or more. This shows that your business has some stability and a track record of operations.
3. Revenue Requirements
- If you’re an e-commerce merchant, you should have at least ₦100,000 in monthly revenue consistently over the past six months.
- If you’re a distributor, your business should have a minimum monthly turnover of ₦500,000 and a monthly purchase volume above ₦1 million.
Document Requirements
Below are the documents you need to provide:
- A valid government-issued ID (National ID, Passport, or Driver’s License).
- CAC registration documents for your business.
- BVN of the business owner(s).
- Bank statements for the last 12 months.
- Sales records, invoices, or guarantees, which can be personal or corporate.
By meeting the above requirement, your chances of getting approved are higher.
If you want to download Lendigo loan app click here
Lendigo Review: Is it Legit or a Scam?
As of the time of making this review, Lendigo has been reported by many sources and users as a legitimate loan service. Their services are focused primarily on Small and Medium-sized Enterprises (SMEs).
Reputable sources like Grow Finance, Naijanewlife, and other business platforms, and even users, have confirmed that Lendigo is legitimate and not a scam. Lendigo is a recognized fintech service and has been listed among the top SME loan apps in Nigeria.
What are customers saying about Lendigo?
Let’s critically look at what Lendigo customers are saying about them. These are real reviews from their real-life customers. This will tell a lot about the company.
See Also: Full list of Loan Apps Without Face Verification in Nigeria 2025
Reviews from app users
Below are some important reviews from users that have used the Lendigo app. All reviews are gotten from the Google Play Store, and there are real reviews from real users. The reviews are sorted based on:
1. Most popular
2. Recent reviews
3. Positive reviews
4. Negative reviews
Most Popular Reviews
Titilayo “Anuola” Samuel said, “The registration was smooth and not stressful at all. I love it, and the interest on it is low; there is a long period to pay it back, and it starts with a big amount of money as a loan. I …”
This review was made on 18/02/2023, and 72 people found his review helpful.
Charity John said, “This app is fantastic. No hidden charges. Easy to access. The process of applying is not neck cutting. They have high loan offers. It’s safe, secure, and reliable. Y…”
This review was made on 13/11/2021, and 149 people found the review helpful.
Olusunle Juwon said, “I think the developer needs to work on the app. I downloaded and filled out all necessary documents, I applied for a business loan, and I was asked to upload my 12-month account statement. Till now I have not been able to do so; each time I click on the app or link sent to my email to upload the account statement, it’s always blank, and without uploading the statement, there is no way I could get the loan. Please kindly look into that aspect and make necessary updates or upgrades.”
This review was made on 25/09/2023, and 219 people agreed with it.
Most Recent Reviews in 2025
Now, let’s see what people are recently saying about their app in 2025.
Allen Sunday on 26/08/2025 said “Email validation is not working at all. Work on it.”
Jossy Samuel on 21/08/2025 said “Why does your app keep asking for email confirmation and yet refuse to confirm it? It’s very frustrating.”
Kelechi Onyewuchi on 15/08/2025 said “Very poor Each time I try to log in, it keeps redirecting me to check your mail even after I’ve checked it.”
Couessi Claude on 13/08/2025 said “a very good loan app, easy to apply”
Adeola Kelvin on 02/08/2025 said “This is a nonsense app; it makes me angry.”
Moyosore Ojo on 08/07/2025 said “If you reduce the interest, I will rate you more than 100.”
Augustine Dayamba on 05/07/2025 said “Anytime I try signing in, the app tells me to verify my account. It is so disheartening. I cannot log in, not to talk of applying for something.”
See Also: Top 10 Loan App That Gives ₦50,000 Instantly in Nigeria 2025
Verdict?
From recent reviews, it seems like many users are not getting the best from Lendigo. But let’s not stay with their app; let’s go deeper into reviewing their Pros and Cons.
Pros of Lendigo Loan
From all reports and information gathered from different sources and users who have tried Lendigo loans, we can draw the following conclusions as the pros of Lendigo.
- Lendigo offers multiple products for different business types—FMCG distributors, e-commerce merchants, auto dealers, POS agents, and more—making it flexible to the needs of many entrepreneurs.
- Applications are quick and streamlined via their mobile app or website, with disbursements often completed in 48 to 72 hours.
- Their interest rates start from around 2% to 5% per month, depending on business type. They also give loans that do not require collateral, as long as you can provide guarantors.
- Lendigo gives loan amounts ranging from ₦1M to ₦10M for FMCG distributors and ₦100K to ₦10M for small and medium enterprises (SMEs).
- Their repayment typically ranges from 1 to 6 months and sometimes can be extended to 12 months for bigger businesses.
- Lendigo is a legitimate licensed loan service. According to Grow Finance, Lendigo is a CBN-compliant fintech platform serving Nigerian small and medium enterprises (SMEs).
See Also: How to Get a Loan from Moniepoint in 2025 (Moniepoint Loan Guides)
Cons of Lendigo
Now, let’s look at some of the downsides of Lendigo loan services. Remember, conclusions here are drawn from reports and information gathered from different sources and real users who have tried Lendigo loans.
- Some users, especially from the Google Play Store, have reported several cases of document upload failures or malfunctions with the app, which often delay the loan application process.
- Users have reported that Lendigo does charge a small card-binding fee of ₦100. This fee is charged to link your debit card. The bad side is this ₦100 fee is charged even if your application is later rejected, and the fee is non-refundable.
- Although Lendigo offers collateral-free loans, it has strict criteria, especially for categories like FMCG distributors.
- Defaulting may lead to late charges (e.g., 0.033% per day), adverse effects on credit scores, and legal repercussions
See Also: 30 Best Loan App in Nigeria 2025 Review
Final Thoughts
Although user reviews are both positive and negative, Lendigo seems to be the best option for those looking for business or SME loans. The app is a flexible funding source—especially for those with strong business performance and eligibility.
