Sycamore - Lend and Borrow 2.0.7 - App Store

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About Sycamore - Lend and Borrow

The Sycamore Mobile App is an innovative financial solution designed for you to meet your money needs. Get quick access to collateral-free personal loans from N100,000 - N5 million and N500,000 - N5 million for business...

The Sycamore Mobile App is an innovative financial solution designed for you to meet your money needs. Get quick access to collateral-free personal loans from N100,000 - N5 million and N500,000 - N5 million for business loans, lend money from friends or borrow, invest and earn competitive returns, and pay bills



Personal loan
This credit facility is designed for salaried employees who need quick loans to meet specific personal needs e.g House rent or renovation, Car purchase or repairs, Salary advance, and much more.

Features
Loan is from N100,000 - N5 million
Flexible repayment plan (3 - 9 months)
24 hours approval time
Interest rates: 3.5% - 5%

Requirements
Bank Statement (6 months till submission date)
Valid ID (Driver’s license, International passport, Voter’s card or National ID card)
Utility Bill
BVN/NIN
Recent passport photograph



Business loan
This credit facility is designed for business owners in need of quick funds to boost, expand or grow their businesses. Business owners must have their businesses registered with the Corporate Affairs Commission (CAC) to qualify for our business loans.

Features
Loan is from N500,000 - N5 million
Flexible repayment plan (3-6 months)
24 hours approval time
Interest rates: 5% - 10%

Requirements
CAC documents
Bank statement: 6 months till date of submission
Valid ID: Preferably Driver’s license or international passport. Voter’s card and National ID (NIMC) are also accepted
Recent Passport photograph
BVN/NIN





Our loan application is easy and seamless. All you have to do is;

Download the app
Register
Verify your identity
Apply for loans
Supply the basic requirements
Get the money once approved.

No hidden charges. Support is always available.



Loan friends
With this feature, you can lend your friends money or borrow, manage and track the loans you give out, set/send reminders for repayments, and even earn extra money when you add interest to the loans you give, all in one place. With this feature, no debtors fit run you streets!



Requirements
BVN/NIN for borrowers and lenders
As a borrower, you must add a debit card.



Investments
Let’s walk you through your financial freedom. Invest as low as N100,000 - N50 million and earn from 11% - 16.5% in returns per annum. Your investment is in safe hands!



Bills payment
You can also pay for your everyday bills - transfer money, buy airtime or data, pay for electricity, cable subscriptions, and many more.



Why choose Sycamore?
Our platform was built with the interest of our lenders and borrowers at heart. Whether you are an investor or borrower, be rest assured that you have made an excellent choice with Sycamore.NG as a financial partner.



About Sycamore
Sycamore, a property of Sycamore Integrated Solutions Limited, is a financial solution provider located in Lagos, Nigeria. We give loans to salaried employees (N100,000 - N5 million) and business owners (N500,000 - N5 million).

For personal loans, our interest rates range from 3.5% - 5%, and repayment plans range from 3-9 months.
For business loans, our interest rates range from 5%-10% and repayment plans range from 3-6 months.
Our maximum annual percentage rate is 72%.
We also offer investment plans for lenders where you can earn up to 16.5% interest per annum.



Representative example:

Loan Amount: ₦1,900,000

Loan Tenure: 9 months.

Number of Repayments: 9

Monthly Interest Rate: 3.5%

Monthly repayments: ₦277,611.11

Total amount payable: ₦2,498,500.00

APR(after 9 months): 31.5%.



Privacy & Permissions
By downloading Sycamore, we may ask for permission to scan your financial SMS data and other information in order to verify your identity, creditworthiness. We take privacy seriously - all data shared with us is encrypted and your personal data will never be shared without consent.



How to reach us
Call us on 01 700 2021
Email: [email protected]

Apr 5, 2024
Version 2.0.7
→ Added a token field to spectranet receipts
→ Fixed the issue with biometrics sign in
→ Fixed the issue with verifying your phone number
→ Experimental tweaks to the flex contribution experience
→ Other bug fixes & UI improvements

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Previous Versions

Here you can find the changelog of Sycamore - Lend and Borrow since it was posted on our website on 2023-03-29 22:20:27. The latest version is 2.0.7 and it was updated on 2024-04-19 17:02:49. See below the changes in each version.

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