Is Apex Lending Loan Legit or Scam? Loan App, Requirements, Reviews

Life can be unpredictable, and there are moments when we need financial assistance promptly. Whether it’s an unexpected emergency or covering personal expenses, Apex Lending is here to provide you with a convenient solution.

In this comprehensive guide, we will explore the various aspects of Apex Lending loans, including interest rates, application procedures, and its legitimacy.

Understanding Apex Lending Loan Interest Rates

Before applying for any loan, it’s essential to understand the interest rates involved. Here’s a breakdown of Apex Lending’s interest rates:

  • Loans range from ₦10,000 to ₦500,000.
  • Tenure options: 91–180 days.
  • Annual Percentage Rate (APR): 10% – 35%.

For instance, if you decide to borrow ₦100,000 for 365 days with an interest rate of 20%, your total interest would amount to ₦20,000. This results in a repayment amount of ₦120,000.

Apex Loan Requirements

To be eligible for a loan from Apex Lending, you must meet specific criteria. If you’re a Nigerian resident, here are the requirements:

  • Age: You must be between 18 and 65 years old.
  • BVN (Bank Verification Number): This is a crucial part of the application process, as it helps verify your identity.
  • Source of Income: You need to demonstrate a reliable source of income.
  • Bank Account: An active bank account is necessary for loan disbursement.
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How to Apply for an Apex Lending Loan

Applying for a loan with Apex Lending is a straightforward process. Here’s a step-by-step guide:

  1. Download the App: Begin by downloading the official Apex Lending app from a reputable app store. Always be cautious of unofficial app sources to protect your data and device security.
  2. Create an Account: After installation, create an account within the app.
  3. Provide Personal Information: Fill in the required personal information and complete the loan application form.
  4. Wait for Approval: Once you’ve submitted your application, await approval. Apex Lending is known for its fast processing times, ensuring you receive a quick response.
  5. Receive Your Loan: If your application is approved, your loan will be disbursed directly into your bank account.
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Remember always to borrow responsibly and only take out loans that you can comfortably repay.

Apex Lending App Download

When downloading the Apex Lending app, prioritize safety. Ensure that you obtain the app from official sources such as the Google Play Store or Apple App Store. Downloading from unofficial sources can expose your device to security risks.

How to Contact Apex Lending Customer Care

If you have questions, concerns, or require assistance, Apex Lending’s customer care team is readily available. You can reach out to them through the following channels:

  • Customer Service Email: Send your inquiries to [email protected].
  • Business Hours: Customer service operates from 9:00 a.m. to 5:00 p.m. on weekdays, excluding holidays.
  • Office Address: Visit the Apex Lending office at 78 Ogunnusi Road, Ojodu Berger, Lagos State. However, for the most convenient assistance, it’s advisable to contact customer care through the Apex Lending app.

Is Apex Lending Legit?

Apex Lending’s presence on Google Play Store with over 100,000 downloads and 1,000 reviews with a 4.0-star rating suggests legitimacy. The company emphasizes data privacy and security, adhering to relevant data protection laws and implementing robust security measures to safeguard customer information.

However, it’s crucial to remain vigilant and informed, as companies can evolve over time. Always exercise caution and make informed decisions when dealing with any financial institution.


In conclusion, Apex Lending offers a user-friendly solution for those in need of personal loans in Nigeria. By following the guidelines provided in this article, you can confidently apply for a loan through their app, ensuring you meet all requirements, download the app from a trusted source, and reach out to their customer care when needed.

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Remember to stay vigilant and informed about the terms and conditions of your loan and, most importantly, borrow responsibly.

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