Lapo USSD Code allows instant transactions for all customers of Lapo microfinance bank. These transactions include loan procurement, repayment, savings account opening and many more.
An Unstructured Supplementary Service Data (USSD) code is a mobile phone or SIM card programmed code that ensures instant financial transactions without a smartphone or internet connection, Investors King reports.
Lapo USSD Code is *371#
With the Lapo USSD code, customers of Lapo Microfinance Bank can repay their loans, apply for loans and make other transactions.
All they need to do is to follow Lapo Microfinance Bank’s instructions on how to borrow a loan or perform other transactions once they dial *371#.
It is imperative to note that to use Lapo USSD Code your bank will charge you N6 as agreed by Nigerian regulators and telecommunications companies.
Lapo Microfinance Bank Loan Types
According to information available on the Lapo Microfinance Bank website, Lapo loans attract a nominal interest rate of 2.5% and above. However, it is imperative to double-check with the lender before taking any of the microfinance bank loans to avoid issues.
Lapo Microfinance Bank offers loans from N10,000 to 5 million for ordinary consumption and for Small and Medium Enterprises, projects, assets, buildings, etc. Below are the type of loans Lapo Microfinance Bank offers.
