LemFi Credit is a revolving credit line designed for immigrants, primarily in the UK, allowing them to send money home immediately and pay later in monthly installments. Often termed "Send Now, Pay Later" (SNPL), this service provides a virtual card and flexible repayments (12-month installment plan) to help build credit history, with limits typically between £300 and £1,000.
What this means
LemFi Credit is a revolving credit product that allows you to:
- access funds instantly
- send money and repay later
- build your credit history over time
Important to know
Apply in the app if the feature is available to you:
- Use your credit limit to send money to family in over 30 countries instantly, paying it back over time.
- Add the LemFi credit card to Apple Pay or Google Pay for contactless or online purchases.
- This is a tool for immigrants to build a positive credit history, as repayments are reported to credit agencies.
What to expect
- Your eligibility will be assessed before approval
- Fees and interest rates will be shown clearly