How to make repayment on LCredit APP
PAY WITH BANK TRANSFER
The bank transfer method is a method that provides the user with a virtual account (VA) to make a transfer to. Once the user chooses this bank transfer method of payment and clicks on “Repay now”, a Wema bank or Sterling bank account number will be generated for the user to make repayment, the user has to click on “copy” to copy the account number or copy the account number manually (In a case where they are not making the transfer on the same phone where they have the LCredit APP) and make a transfer using their bank APP or through a POS agent, on successful repayment of the transfer, the loan will be cleared automatically from the user’s dashboard.
PAY WITH CARD (ATM CARD):
When the customer chooses the pay with card method, the APP will be charging them directly from their bank account. If the user has not added their ATM card on the APP prior repayment, they will have to click on “Pay with Card”, then also click on “Add Bank Card”. To add their bank card, the user will have to provide the “Card number, Expiry date and CVV of the card”, then click on confirm. After this, the APP will request for the ATM card pin and once this is submitted, the user’s bank will send the user an OTP to complete the transaction, once the user inputs the OTP sent by the bank on the APP, the repayment will be deducted directly from the user’s bank account.
PAY WITH CARD (ATM CARD):
In a situation where the user has already added their ATM card on the APP, after clicking on “Pay with Card”, the user just proceeds to click on the added card and input the pin, also input the OTP sent by the bank and the repayment will be automatically deducted from the user’s bank account. In a situation where the user does not receive the OTP from the bank, the user will have to make user of another repayment method.
PAY WITH CARD:
The user will choose the “Pay with Card” option and chose the card linked to the bank account they want the repayment to be deducted from or add their ATM card if they have not added it on the APP prior the repayment. The user will be sent a token (OTP) from their bank which they will input on the APP to complete the transaction and the repayment will be automatically deducted from their bank account.
PAY WITH BANK:
The user will choose the pay with bank method of repayment and the APP will request that the user chooses the name of the bank they want to be deducted from, the user will also be requested to type in the bank account number, then click on verify account. A token (OTP) will be sent to the user by the bank, the token will be typed on the APP and the user will click on authorize, the repayment will be automatically deducted from the user’s bank account.