Overview Information
Name | LG Money |
---|---|
Package | com.lgjecket.more |
Publisher | Annapurna Finance Private Ltd |
Category | Finance |
Version | 1.0.5 |
Size | 15.76 MB |
Requires | Android 4.0 and Up |
Updated On |
LG Money App is an instant loaning app for Indian Android users. If you are interested in getting instant finances this platform will be helpful. It has the NBFC-MFI qualification offered by the Reserve Bank of India. This simply means that the app services are legit and users can trust it.
Users should still be careful while providing personal information. There will be a requirement of signing an agreement and users should read the terms and conditions of the agreement. We are not the app owners or creators, so we aren’t offering any guarantee regarding the app’s legitimacy.
What is the LG Money App?
LG Money for Android is a financial app that offers instant loaning services. The services are currently limited to India only. There is a detailed KYC verification process, so users from other countries won’t be able to access the app services. Being an Indian citizen is crucial to applying for loans.
Once the platform is installed on Android devices, users start applying for desired loans. Now there are a few requirements that users need to meet. These requirements will determine if the person is eligible to apply for a loan or not. We will list the details here so users can proceed easily.
Before, there are a few things that users must know. This platform is offering only short-term loans. If a loan is approved, the amount will be transferred immediately to your preferred banking or e-wallet account. LG Money does not have any physical outlets that users might need to visit.
All the activities are performed online and the process is completely paperless. All the KYC documents must be uploaded from your mobile device. The documents should be properly scanned and visible. If the documents aren’t scanned properly, the application might get rejected.
Now to start applying for loans, users must create an account. The account creation process will take only a few seconds. This process will require users to provide their phone number, email address, and KYC documents. After this, users need to select the loan amount and the repayment duration.
The LG Money for Android is offering a minimum loan of Rs 1000 and a maximum of Rs 50000. The repayment date with be a minimum of 91 days and a maximum of 365 days. The annual interest on the principal amount will start from 18% and go up to 32% and 2.5% of management will be added.
The interest rate and the repayment duration depend on the loan amount. Once users are done with all this, they simply have to wait for the approval. The application approval status can be checked from the app. There is also a text messaging service that will keep users informed.
Are there any alternatives to the LG Money App?
We have mentioned in the beginning that this app is meant for Indian users only. If you are from any other region, there are other options available as well. Users will find numerous loaning apps in the Finance section. We can provide instant suggestions like Finikash and Snapit Loan.
How to Download and Install the LG Money Apk File?
Downloading the app file will take a few seconds. There are a couple of download buttons listed for user ease. Tapping once on any button will direct users to the main download menu. Downloading will begin within a few seconds from the main menu. The shared files are safe to install on Android phones.
To start the installation process, users must enable the installation permission. Permission is required to install apps downloaded from third-party sources. It can be enabled from Android phone settings>security settings. There are a few installation steps to follow.
- Go to the device downloads folder and locate the downloaded file.
- Tap on the downloaded file and wait for the installation prompt to appear.
- As the prompt appears, tap on the install button and wait for the process to end.
Key Features of the LG Money App
- This finance app is free to download and use.
- It does not require any service charges.
- Account registration is mandatory.
- Get instant loans at low interest.
- Repayment duration of up to 365 days.
- All the documents can be uploaded.
- Get application approval status via text message.
- Third-party advertisements aren’t allowed.
- Meant for adult users only.
- Many more…
FAQs
Does this app offer global services?
No, currently citizens of India will be able to access the app services.
Is LG Money App present on Google Play?
This Android app is not present on the Google Play Store.
Is it safe to use?
This platform has the NBFC-MFI qualification from the Reserve Bank of India. We cannot provide any guarantees regarding the platform services.
Final Words
This loaning app will help you manage urgent financial requirements. LG Money App will approve your application instantly if you meet the basic criteria.