LoanHub
Best platform to take and give out loan
Need quick loan? you can browse the list of lenders in your neighbourhood
Want some extra cash? be a lender on LoanHub and define your interest % and repayment frequency. Its that flexible!
Join the smartest lending plaform
Turn your mobile phones to income generator by simply stating how much you have to lend and expected interest. Borrowers around you location will find you
Flexible Interest Rates
As a lender, you can add multiple loan packages stating min. & max. amount and desired rate
Package Setup Amount & Interest
Find Lenders By Location
Use location, interest % and amount to searching for loan packages that suite you lending needs
Neighbourhood Lender
Loan Processing
Activities starting from application, disburement, repayments & closure on a single platform
Tracking RepaymentsMultiple options to choose from
Lenders can add multiple loan packages of different price range, interest rates, repayment period and repayment frequency
Borrower can search loan packages by amount they intend to loan and by the interest they are most comfortable with. A schedule is shown that details how repayments will be paid
Send loan request
Upon selecting a package choice, you send request to lender. Lender reviews your application and decides whether to approve or reject
Lender transfers loan amount to borrower on disburesment date and loan becomes open for repayment once it reaches the disburement date specified by the lender during approval
360 ° Visibility
When you lend out money, a repayment schedule is generated and you are able to track and acknowledge every payment made on each schedule period
Borrowers will capture the repayment money transfered to lender on the schedule view of a loan, which is subject to lenders approval
Go about with your transactions in your pocket
Every action triggers notification to your mobile phone and email address. e.g Approvals, Repayments
Continiously communicate with your lender or borrower using the in-app real time chat
It works in a logical flow
Capture every single loan activity on LoanHub from signup to disbursement, repayments and closure View diagramtic flow
Money Transfer
Actual money transfers (Disbursements & Repayments) between lenders and borrowers currently happens outside of LoanHub.
Also, verification of borrowers information and handling of collateral is currently handled by lenders
Loan Repayment
The total repayment is the sum of the loan amount and the interest amount. Interest amount is the % of the loan amount the lender specified in the loan package
Repayment Schedule
Schedule is generated based on the loan duration and the repayment frequency specified in the loan package
Show Our Apps Screenshots
LoanHub App has intuitive UI that does not just allow you manage your loan transactions but also gives that super cool experience
1. Open Safari browser on iphone device
2. Goto app.loanhub.ng
3. Tap the
icon to open options4. Select Add to Home Screen Option
1. Open Chrome browser on android device
2. Goto app.loanhub.ng
3. Wait 5 seconds to received an install popup
4. Tap Install App button
Frequently Asked Queries
We have summerized response for some of most frequently asked question and concerns users have. Still have questions? Contact us
How to find lenders?
Tap the borrow menu, input your location and tap the search button
What documents do I need for the loan process?
This is fully at the discretion of the lender, but is is expected to be basic depending on the amount you intend to borrow
How much can i borrow?
There are no specific limits to what can be borrowed,the borrowable amount depends on the loan package provided by lenders
What is the tenure of borrowing on LoanHub?
No one fits all tenure. Tenures are determined by the loan package you choose
What is the interest rate on LoanHub?
Interest rates are flexible and are determined by lenders with each of their loan package having specific interest rate
What is the collateral/security needed for a loan?
Collaterals are optionally determined by lenders. The loan package details view shows the collateral options if applicable.
How can i update my information?
User information can be updated on user profile view
Can i make part payment?
The app allows part-payment entry, provided lender approves of it. It is subject to lenders agreement with borrower
Can i make payments for future repayments?
LoanHub allows future payment as bulk which is then splited across repayments
Who can i contact for loan queries?
You can chat a lender on the loan package you are interested in for more information
Have questions or recommendations for us?
Draft details of your recommendation or concern and we will definitely get back to you
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