Lapo Microfinance Bank is a leading financial institution in Nigeria that specializes in providing microfinance services to individuals and small businesses. Through the Lapo USSD code, you can carry out transactions very easily and quickly from the comfort of your phone.
With a mission to promote financial inclusion and sustainable development, Lapo Microfinance Bank has been at the forefront of driving economic growth and empowerment in the country. This is further enhanced through its USSD code
The USSD, which stands for Unstructured Supplementary Service Data, is a technology that allows users to access banking services from their mobile phones without the need for an internet connection.
With Lapo USSD Code, customers can easily access a range of banking services, including a balance inquiry, account opening, airtime and data purchase, fund transfer, bill payment, and loan application.
This technology has revolutionized the way banking is done in Nigeria, providing customers with a convenient and secure platform to carry out transactions on the go.
What is Lapo USSD Code?
Lapo USSD Code is a mobile banking platform that allows customers of Lapo Microfinance Bank to carry out banking transactions using their mobile phones without the need for an internet connection.
USSD, which stands for Unstructured Supplementary Service Data, is a technology that allows for real-time communication between a user’s mobile phone and a computer system.
The Lapo USSD Code platform provides customers with a range of banking services, including a balance inquiry, account opening, airtime and data purchase, fund transfer, bill payment, and loan application.
To use the platform, simply dial *371# on your mobile phone and follow the on-screen prompts to carry out transactions.
The Lapo USSD Code is a secure and convenient platform that has revolutionized the way banking is done in Nigeria. It provides customers with access to banking services at any time and from anywhere, without the need for visiting a bank branch or having access to the Internet. The platform is available 24 hours a day, seven days a week, and is designed to be user-friendly and easy to use, even for those who are not tech-savvy.
How To Use Lapo USSD Code
Using the Lapo USSD Code is a straightforward process that can be completed in just a few steps.
Here’s a step-by-step guide on how to use the platform
- Dial the USSD code *371# on your mobile phone and press the call button.
- This will bring up the Lapo USSD Code menu on your screen.
- Follow the on-screen prompts to get started. For new customers, you will be required to register with your BVN
- However, if it is not your first time, simply select the option that corresponds to the transaction you wish to carry out and follow the on-screen prompts.
- The required information is dependent on the transaction you’re carrying out, you may be required to enter some information, such as the recipient’s phone number, account number, or amount to be transferred.
- Be sure to enter this information correctly to avoid errors.
- Confirm & review the transaction details carefully to ensure they are correct, and enter your unique PIN to authorize the transaction.
- Once confirmed, the transaction will be processed, and you will receive a confirmation message on your phone.
That’s it! Using the Lapo USSD Code is that simple. Whether you’re transferring funds, paying bills, or buying airtime and data, the platform is designed to make your banking experience fast, easy, and convenient. So why not give it a try and enjoy the benefits of mobile banking today?
Is Lapo Aprroved By CBN
Lapo Microfinance Bank is licensed by the CBN to provide a wide range of financial services, including loans, savings, and other banking services. ,
Their loan products are approved by the CBN as well, ensuring that customers can access safe and secure financial services from reputable and regulated institutions.
The CBN is the primary regulatory body for banks and financial institutions in Nigeria, and all financial institutions in Nigeria, including Lapo Microfinance Bank, must comply with the regulations and guidelines set by the CBN.
These regulations and guidelines are designed to ensure that financial institutions operate in a safe and sound manner and that customers are protected from financial fraud and abuse.
As a licensed and regulated microfinance bank, Lapo Microfinance Bank is required to comply with all CBN regulations and guidelines related to its loan products.
This includes ensuring that loans are provided to customers in a responsible and sustainable manner, with appropriate risk management practices in place to minimize the risk of loan defaults.
Types of Lapo Loan
Lapo Microfinance Bank offers a variety of loan products to meet the diverse needs of its customers.
Some of the types of Lapo loans include:
Saving Account: The Savings Plan Account is designed for individuals and groups who wish to save funds toward a particular project(s) over a specified period of time and earn interest on their savings
Lapo Business Loans: These loans are designed for small and medium-sized businesses, and can be used to finance working capital, purchase equipment, or expand business operations.
Lapo Asset Finance Loans: These loans are designed to help customers purchase assets such as vehicles, generators, and other equipment needed for their businesses.
Lapo Group Loans: These loans are designed for groups of individuals who come together to form a group or cooperative, and can be used for a variety of purposes, including starting a business or financing a project.
Lapo Education Loans: These loans are designed to help customers finance their education or that of their children, and can be used to pay for school fees, books, or other educational expenses.
Lapo Public Sector Loan: These loans are designed to help customers access short-term financing to meet immediate financial needs, and are usually repaid from the borrower’s next paycheck.
Lapo Agric Loans: These loans are designed for farmers and agricultural businesses, and can be used to finance the purchase of equipment, seeds, or other inputs needed for farming operations.
These are some of the types of Lapo loans available to customers.
Each loan product has its own terms and conditions, including interest rates, repayment periods, and collateral requirements.
Customers are advised to contact Lapo Microfinance Bank or visit any of their branches for more information on the loan products available and the specific requirements for each loan product.
Benefits of Using Lapo USSD Code
The Lapo USSD Code offers a range of benefits to customers, making it a popular and convenient platform for carrying out banking transactions.
Here are some of the key benefits of using Lapo USSD Code:
The Lapo USSD Code provides a hassle-free and convenient way to access banking services.
With just a few clicks on your mobile phone, you can carry out transactions at any time and from anywhere, without the need for internet access or visiting a bank branch.
This means you can easily pay bills, transfer funds, and buy airtime and data without leaving your home or office.
Security is a top priority for Lapo Microfinance Bank, and the USSD Code platform is no exception.
Transactions carried out through the USSD Code are highly secure, and the bank has put in place various measures to prevent fraud and protect customer data.
Additionally, the platform requires a unique PIN for each transaction, providing an added layer of security.
C. Easy to use:
The Lapo USSD Code is designed to be user-friendly, even for those who are not tech-savvy.
The platform features simple and intuitive menus that guide users through each step of the transaction process.
This makes it easy for customers to carry out transactions quickly and efficiently, without the need for assistance from bank staff.
D. Available 24/7:
The Lapo USSD Code is available 24 hours a day, seven days a week, which means you can carry out transactions at any time, including weekends and public holidays.
This makes the platform ideal for customers with busy schedules who may not have time to visit a bank branch during regular business hours.
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Lapo Microfinance Bank’s USSD code provides customers with a convenient, secure, and easy-to-use platform to access various financial services, including loans, 24/7.
By dialing the USSD code and following the on-screen prompts, customers can access loan products such as business loans, asset finance loans, savings loans, education loans, salary advance loans, and agric loans.
The benefits of using the Lapo USSD code include the ability to access financial services from anywhere at any time, without the need for physical visits to a bank branch.
The USSD code is also secure, ensuring that customer information is protected at all times.
Take advantage of the convenience and security of Lapo Microfinance Bank’s USSD code to access a range of financial services, including loans, savings, and other banking services.