Lucky Loan App Review: Is It Legit? Requirements, Pros, and Cons

In the fast-moving and ever-evolving realm of finance, individuals frequently encounter situations where they require swift and dependable financial support. To cater to this growing demand, a plethora of financial applications and services have emerged, all with the common goal of simplifying the borrowing process and efficiently meeting the financial needs of their users. Among these, the Lucky Loan App has gained significant prominence in the Philippines. It promises a smooth and hassle-free borrowing experience, coupled with a range of attractive benefits.

Don’t overlook:

Top 10 Fast Online Loans in Philippines – A Valid ID is All You Need Updated in July 2024 

Rank Lender Name & Application Link Loan Amount Loan Term Interest Rate Repayment ID Required Age Range Special Feature

Apply Now

₱1,000 – ₱25,000 3 – 12 months 0% for first loan Monthly or End of term Only ID Card required 20 – 70 Receive money in 15 mins

Apply Now

₱1,000 – ₱25,000 3 – 12 months 0% for first loan Monthly or End of term Only National ID required 20 – 70 Receive money in 15 mins

Apply Now

₱1,000 – ₱25,000 2 – 4 months 0% for first loan Monthly or End of term Only ID Card required 18 – 70 Easy loan approval

Apply Now

₱1,000 – ₱50,000 1 – 12 months 0% for first loan Monthly or End of term Only ID Card required 20 – 65 Receive money in 10 mins
Apply Now
₱1,000 – ₱25,000 1 – 180 days 0.1% Monthly or End of term Only ID Card required All accepted Approve Bad credit
Apply Now
₱1,000 – ₱25,000 2 – 4 months 0% for first loan Monthly or End of term Only ID Card required 18 – 70 Easy loan approval
Apply Now
₱1,000 – ₱25,000 3 – 6 months 0% for 7 days Monthly or End of term Only ID Card required 21 – 70 Receive money in 4 mins
Apply Now
₱500 – ₱25,000 60 – 180 days 1.2% per month Monthly or End of term Only ID Card required 18 – 65 Receive money in 5 mins
Apply Now
₱1,000 – ₱20,000 7 – 30 days 0% for first loan End of term Only ID Card required 21 – 70 Receive money in 5 mins
Apply Now
₱500 – ₱20,000 7 – 180 days 0% for first loan End of term Only ID Card required 22 – 65 Easy loan approval

In this article, CashExpress PH will embark on a detailed exploration of the Lucky Loan App. Our aim is to equip you with the insights you need to make an informed decision when it comes to your financial requirements. We will meticulously examine the application’s features, enumerate its advantages and disadvantages, scrutinize its interest rate structure, elucidate the eligibility prerequisites, demystify the application process, present user feedback, and draw comparisons with other analogous apps. By the conclusion of this review, you will possess a well-rounded comprehension of what the Lucky Loan App brings to the table and whether it aligns with your unique financial needs.

Summary of Lucky Loan App

Loan App Lucky Loan App
Loan Amount Maximum ₱10,000
Age Range 18 – 60 years old
Loan Term 90 – 180 days
Interest Rate Starting from 2% per month
Requirements Native Filipina
Pros Low-interest rate
Cons Digital Proficiency Required
Effectiveness Good
Harassment Email or Call directly
Complaints None
Legit Yes
Phone Number 09363992398
Registration Number CS201914390
Lucky Loan App Download APK

What is Lucky Loan App

The Lucky Loan App is a cutting-edge financial tool designed to help you address your immediate financial concerns. Whether you need to cover unexpected expenses, manage bills, or make a significant purchase, it offers a seamless and efficient platform to secure the funds you require. The application’s user-friendly interface and quick processing times make it an attractive option for individuals seeking immediate financial assistance.

Pros of Lucky Loan App

While evaluating any financial application, it’s crucial to consider the advantages it offers. Lucky Loan App provides several benefits to its users:

Competitive Interest Rates

Borrowers can enjoy the benefits of competitive interest rates, ensuring that the cost of borrowing remains manageable. This feature sets it apart from many other lending platforms and makes it a cost-effective option for users.

Efficient Processing

One of the standout features of the Lucky Loan App is its swift approval process and quick fund disbursement. In situations where immediate financial assistance is needed, the application’s efficiency can be a lifesaver. Users can expect to access the funds they require promptly.

Handy Loan Calculator

The application includes a convenient loan calculator that enables users to estimate their repayment plans with precision. This tool is immensely valuable for borrowers as it allows them to plan their finances effectively and understand the implications of their loan.

Cons of Lucky Loan App

While Lucky Loan App offers a range of advantages, it’s important to acknowledge its limitations as well:

Intermittent Technical Glitches

Users may encounter occasional technical issues when using the application. This underscores the importance of maintaining a stable internet connection for a seamless experience. Technical glitches can be frustrating and potentially disrupt the user experience.

Limited Borrowing Limits

The borrowing limits offered by Lucky Loan App may not suffice for individuals with substantial financial commitments. Before applying, potential borrowers must carefully assess their financial requirements to ensure that the app’s borrowing limits align with their needs.

Stringent Eligibility Criteria

To maintain a high level of credibility, Lucky Loan App has established stringent income and identification requirements. While this is intended to protect both borrowers and the lending platform, it may exclude certain individuals from accessing loans. As a result, it’s essential for users to ensure that they meet these criteria before applying.

Digital Proficiency Required

Lucky Loan App is a digital platform, and as such, it requires users to have some level of digital proficiency. Those with limited digital skills might find the app challenging to navigate. Basic tech literacy is recommended to make the most of this financial tool.

Lucky Loan App Interest Rate

Interest rates are a crucial consideration when evaluating any lending platform. Lucky Loan Philippines offers competitive interest rates, with a Maximum Annual Rate (APR) of 0.05% per day, ensuring affordable borrowing. The highest interest rate per year is capped at 18.25%, providing users with transparency and reasonable lending costs.

Example of Lucky Loan App Calculator:

To better understand your repayment options, here’s an example of the Lucky Loan App’s convenient loan calculator:

  • Daily Interest = ₱10,000 x 18.25% / 365 days = ₱5
  • Total Interest = ₱10,000 x 18.25% / 365 days x 120 days = ₱600
  • Daily Repayment = ₱10,000 / 120 days + ₱5 = ₱88.3
  • Total Repayment Amount = ₱10,600

This breakdown provides a clear understanding of how interest and repayment amounts are calculated for Lucky Loan App loans.

Lucky Loan App Requirements

To qualify for Lucky Loan App, applicants must meet straightforward eligibility criteria, including:

  • Identification Proof: A valid government-issued ID to verify the borrower’s identity.
  • Proof of Income: Documented proof of a stable income source to assess repayment capacity.
  • Active Bank Account: An operational bank account is required for the disbursement and repayment process.
  • Age Verification: Meeting the minimum age requirement set by Lucky Loan App for loan eligibility.
  • Contact Information: Providing accurate contact details for communication and updates regarding the loan application.

Guide to Lucky Loan App Application Step-by-Step

The application process for Lucky Loan App is designed to be user-friendly. Here’s a step-by-step guide to registering and applying for a loan:

Step 1: Download the App

  1. Visit your app store and search for “Lucky Loan App.” or download from website:
  2. Click on the app and select “Download” to install it on your device.

Step 2: Create an Account

  1. Proceed to the Lucky Loan app login by clicking on “Register” or “Sign Up” button.
  2. Provide your personal details as prompted, such as name, phone number, and email.

Step 3: Loan Amount and Term

  1. Move to the next window to follow instructions on choosing your loan.
  2. Select the loan amount you need and the desired repayment term.

Step 4: Document Submission

  1. Upload clear and legible photos of your identification documents.
  2. Submit any required income verification documents.

Step 5: Review and Confirm

  1. Carefully review the loan details, including the amount, term, and repayment schedule.
  2. If everything is accurate, confirm your application.

Step 6: Lucky Loan App Disbursement

  1. Wait for your approval of Lucky Loans reviews.
  2. Once approved, the funds will be disbursed directly to your registered bank account.

Step 7: Repayment

  1. Set up automatic repayment from your bank account.
  2. Ensure sufficient funds are available on the due dates.

Step 8: Application Completion

Your loan application process is complete. You can monitor your repayment schedule through the app, ensuring that you stay on top of your financial obligations.

Lucky Loan App Review and Feedback

User feedback is an essential aspect of any review, as it provides insights into the real-life experiences of individuals who have used the service. Lucky Loan App has received a mix of reviews from users. Many users have reported positive experiences with the application, highlighting its convenience and efficiency in meeting their financial needs. However, it’s essential to acknowledge that some users have reported receiving spam messages from the app, which can be a significant concern for privacy and user experience.

To gain a more comprehensive understanding of user feedback, you can explore additional reviews and testimonials, such as the video provided below.

Compare Lucky Loan App to Other Apps

To make an informed decision, it’s valuable to compare Lucky Loan App with other similar financial applications available in the market. Here, we provide a comparative analysis between Lucky Loan App, Savii Loan, and Tala Loan based on various criteria:

Loan App Lucky Loan App Savii Loan Tala Loan
Loan Term 90 – 180 days Varies 7 – 30 days
Interest Rate Starting at 2% Starting at 2% 15 – 15.7% per month
Loan Amount Maximum ₱ 10,000 ₱ 5,000 – ₱ 500,000 ₱ 1,000 – ₱ 10,000
Transaction Fee Zero Zero N/A

This comparison can assist you in determining which financial application aligns best with your specific needs and preferences.

10. Lucky Loan App Contact Information

For any inquiries or assistance, Lucky Loan App offers several channels for users to get in touch:

  • Phone Number: 09363992398
  • Email:
  • Address: 19th Floor MarcoPolo Ortigas Manila, Sapphire Road, Ortigas Center, 1600 Philippines

The availability of multiple communication channels ensures that users can reach out for support or clarification as needed.

11. FAQs – Lucky Loan App Review

In the realm of financial applications, it’s natural to have questions and concerns. To address some of the common queries, we present a set of frequently asked questions:

11.1. Is Lucky Loan App Legit?

Undoubtedly, Lucky Loan App has garnered a reputation for unwavering legitimacy. Its credibility shines through a consistent record of positive user testimonials and a resolute commitment to transparent lending practices. The app has established itself as a trusted and reliable financial partner for borrowers navigating their economic endeavors.

11.2. Is Lucky Loan App SEC Registered?

Lucky Loan App demonstrates its dedication to regulatory compliance by being registered with the Securities and Exchange Commission (SEC) under the registration number CS201914390. Users can verify this registration on the official SEC website, providing an additional layer of confidence in the app’s trustworthiness as a reliable financial platform.

12. Conclusion

Lucky Loan App emerges as a trusted financial ally, offering swift approvals, competitive interest rates, and user-friendly features. Whether you’re addressing urgent financial needs or planning for the future, Lucky Loan App stands ready to empower your financial journey, ensuring access to the funds you require with ease and transparency.

In conclusion, Lucky Loan App offers a robust set of features that make it a viable option for individuals seeking convenient financial solutions. It provides a low-interest rate, efficient processing, and a handy loan calculator to assist users in making informed decisions. However, users should be aware of potential technical glitches, the app’s borrowing limits, stringent eligibility criteria, and the need for basic digital proficiency.

Lucky Loan App aims to deliver a trustworthy and legitimate lending experience, and its SEC registration further reinforces its credibility. To make the most of this financial tool, potential borrowers should carefully consider their financial requirements and evaluate the application’s suitability for their specific needs.

In your financial journey, Lucky Loan App can be a valuable companion, offering access to the funds you need and helping you navigate your economic endeavors. Make your decision wisely and benefit from the convenience and transparency it provides.

5/5 - (6 votes)

Leave a Reply

Your email address will not be published. Required fields are marked *