Most successful businesses today survive because of smart financial planning and a steady loan flow that supports their growth. While some people complain about lack of funds, the ones who understand how microfinance loans work are the ones scaling fast.
With technology now fully part of banking, more Nigerians can access loans easily through digital apps. One of the fast-rising mobile lenders right now is LendMax, a licensed micro-lending platform by Graysville Trading Limited. It’s known for quick loan approvals, flexible repayment, and simple registration that doesn’t require collateral.
In this post, we’ll walk you through how to create your LendMax account, the setup steps, required details, and what to expect during registration, all based on real testing of the app.
About the LendMax App
LendMax is a digital lending app that provides fast personal and business loans to Nigerians.
The app runs on an automated system that checks your eligibility using what it calls Social Loan Quotient (SLQ), a digital scoring model that reviews your phone data and activities instead of relying on traditional credit records.
Here’s a quick view of what the app offers:
| Feature | Details |
|---|---|
| Loan Range | ₦1,000 – ₦500,000 |
| Tenure | 91 – 180 days |
| Interest Rate (APR) | 12% – 33% |
| Disbursement | Direct to your bank account |
| Developer | Graysville Trading Limited |
| Head Office | 52 Ijaiye Road, Ogba, Lagos, Nigeria |
| Contact | info@lendmaxng.com |
| Size | 11MB |
| Play Store Downloads | 500,000+ |
The app’s core focus is to make borrowing stress-free for both employed and self-employed Nigerians. It works best for those who already use their BVN-linked number and maintain a clean banking record.
Step-by-Step: How to Create a LendMax Account
Setting up your LendMax account takes less than 5 minutes if your details are ready.
Here’s how it works based on real use:
- Download the App
Visit the Google Play Store and search for “LendMax – Money Credit Loan” by Graysville Trading Limited. Install it on your Android phone. - Launch and Begin Registration
Open the app and tap “Apply Now” or “Create Account.” - Enter Your Phone Number
Use the BVN-linked number, using another number will cause rejection. - Verify With OTP
A one-time password (OTP) will be sent to your phone. Enter it correctly to continue. - Grant Basic Permissions
The app will request permissions for SMS (financial only), contacts (limited), and device data to assess creditworthiness. Grant only if you agree to the privacy terms. - Fill Your Personal Details
Enter your name, gender, address, education, employment status, and next of kin details. - Add Your Bank Information
Provide your bank account number and select your bank name. This is where approved funds will be sent. - Set a 4-digit PIN
This will protect your account and confirm all transactions inside the app. - Submit and Wait for Review
Once you complete registration, your account will be created instantly. You can now apply for a loan under “Get Credit Limit.”
That’s it; once setup is done, your dashboard becomes active, showing your loan limit, interest rate, and repayment options.
LendMax Loan Requirements
Before registration or applying for a loan, make sure you meet these:
- Must be a Nigerian citizen aged 18+
- Have a BVN-linked phone number
- Maintain an active bank account
- Provide correct contact and employment info
- Allow credit check access (financial SMS only)
- Have a steady transaction record
If your account or phone number doesn’t match your BVN, the application will be rejected immediately.
Common Setup Issues and Fixes
| Issue | Possible Cause | Fix |
|---|---|---|
| OTP not received | Poor network or wrong phone number | Wait 2–3 mins, then resend OTP |
| Account rejected | Number not linked to BVN | Use BVN-linked SIM |
| App keeps closing | Old version or low storage | Update to latest version (v1.2.0) |
| “Permission Denied” pop-up | Declined SMS or contacts access | Re-enable from phone settings |
| Delay in verification | Server delay | Restart app or retry after 10 mins |
Security and Data Protection
LendMax clearly states its data collection practices inside the app. During setup, the app requests certain permissions for proper credit assessment, such as SMS for transaction keywords, limited contact access, and device ID for fraud prevention.
FAQs
Q1: Can I open a LendMax account without BVN?
No. BVN is mandatory to confirm your identity and link to your bank.
Q2: Can I create multiple LendMax accounts?
No, one user per BVN and phone number.
Q3: Can I use the app on another device?
Yes. Just log in with your phone number and OTP; all data syncs automatically.
Q4: Why is the app requesting SMS permission?
It scans financial SMS to calculate your credit score. It does not read private chats or messages.
Q5: How long before my account gets verified?
Usually under 5 minutes if all data matches.
Conclusion
LendMax is one of the fast-growing digital lenders in Nigeria providing easy access to credit without collateral.
The setup process is straightforward, once your BVN, phone number, and bank details are verified, your account is ready for use.
