Apex Lending Loan

Apex Lending Loan App: How to Download, Requirements & Interest Rate

Apex lending offers quick and convenient collateral-free loans to Nigerians. The loan application process is stress-free because there is no endless paperwork as it is in conventional lending. The loan is designed to enable borrowers to meet their financial needs with ease.

However, like other online lending platforms in Nigeria, Apex lending has its own terms and conditions that guide their lending services. Hence, it is best to understand their lending terms like interest rate, eligibility criteria, loan amount etc. to know whether it is okay by you before opting for their loan. 

Requirements for Apex Loan

Apex Lending Loan

Before you can take a loan from Apex lending platform, you are required to meet some requirements, they are:

  • You must be resident in Nigeria.
  • Must be between the age range of 18 – 65 years old.
  • Applicants must have an active bank account with valid Bank Verification Number(BVN).
  • You must have a steady and stable income source.
  • Must have valid means of identification like National ID, Driver’s license, Voter’s card etc.

Apex Loanable Amount

The loan amount that borrowers can take from Apex loans is not fixed since it is determined by the borrower’s creditworthiness & reputation built with the platform overtime.

The Apex loanable amount ranges from ₦10,000 to ₦500,000.

Apex Loan Term

The loan tenure of Apex loans is relatively flexible, hence borrowers can pay off their loans with ease. The repayment plan of the Apex loan is between  91–180 days.

Apex Loan Interest Rate

The annual Percentage Rate of Apex loan ranges from 10% – 35%.

Representative Example of Apex Loan

Let’s assume you take a loan from Apex lending with the breakdown below:

Loan amount:  ₦100,000

Loan tenure: 180 days

Interest rate: 10%

Total interest: ₦10,000

Therefore, the total amount you’ll repay will be(principal amount + interest) = ₦110,000

Read also: How to apply for NCredit loan

Apex Loan Application Process

Getting Apex loan is quite simple and stress-free, follow the steps below to apply:

  • Download and install the Apex lending app from the official app store.
  • Create an account with the required details to start the application.
  • Complete the online loan application form by filling the necessary details.
  • Submit and wait for review.
  • If approved, the loan amount will be disbursed to your bank account and that’s all.

Apex Lending Loan App Download

Downloading Apex lending loan app is straightforward, just follow the steps below to download the app:

  • Visit the official app store on your device.
  • On the search bar, type ‘’Apex Lending”.
  • Once seen, click on ‘’Download’’.
  • After downloading, install the app.
  • Finally, sign up with your details to get started.

People also read: How to get loan from Galaxy Credit loan?

Is Apex Loan Legit?

Yes. Apex loans are legit. They have continued to offer unsecured loans to Nigerians. To buttress its legitimate nature, over 100k users have downloaded the loan app from Google Play Store, it also has good ratings of 4.2 stars from more than 2k reviews.

Additionally, the Apex  lending platform also protects your data with their privacy policy hence your data is encrypted and can’t be seen by third parties without your permission. However, it is important for you to conduct research about the lending services of Apex loans before opting for their loan.

Apex Lending Customer Care

If you need assistance from Apex lending platform, you can contact their customer care representative as follows:

Email: apexlendinghelp@outlook.com

Office Address:  78 Ogunnusi Road, Ojodu Berger, Lagos State.

Apex Lending Customer Reviews

Customer’s reviews about Apex lending from Google Play Store are sampled below:

Positive Reviews

Prophet Faith – ‘’The app is good, I mean very good, but please, the days is too short and the money small, what I needed was money to boost my business, like 300,000 or more to pay back in six months time, if you guys can do that, I will complete the other star please, thanks anyway is a good app for any one that needs money’’

Obinna Nwosu – ‘’Application process was seamless and easy. Just waiting for disbursement. It’s a good app so far. The repayment is very high and should be reviewed,apart from this it’s the App you need’’.

Negative Reviews

Sheilla Annan – ‘’These people are a fraud,they state a loan amount on their app and end up crediting you with an amount lesser than stated,claiming because I’m a first time I’m charged a whole 45% charge which is stated nowhere in their agreement. You transact with them to your own peril.I can never recommend them to even my enemy. The loan amount displayed was 34,900 and only 26,000 was sent to my account. Then they are asking me to repay 37,400. THIEVES’’

Taiwo Perez – ‘’This is one of the most fraudulent apps I’ve ever come across online. They display 10,000 to be disbursed just for them to disburse 6,000 and expect customers to pay double as refund. That’s a terrible and most dubious way of doing business’’.


Apex lending offers instant loans to their users, their application process is simple because it can be completed online. However, there are complaints from their users that there are hidden charges and their interest rate is very high. Hence, it is best for you to conduct independent due diligence about their lending services before patronizing them. 

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