Renmoney is a Nigerian financial services platform that provides savings, loans, and investment services. Renmoney offers access to these services with attractive interest rates.
Read more about App of the week
The mobile application is designed to meet the needs of individuals seeking to boost their finances through investments. Renmoney’s key feature is the personal and business loans it provides. The loans are available to those who are employed or self-employed, as well as business owners.
Therefore, you can borrow any amount between $6,000 and $6,000,000 and pay it back in 3 to 24 months, if you need a personal or corporate loan right away.
How To Apply For A Renmoney Loan?
Renmoney loans can be obtained quickly and conveniently online by:
- Installing the Renmoney mobile app from the Google Play Store or the Apple App Store if you’re an iOS user.
- Sharing some personal information with us, such as your job title, ID card, and BVN number.
- Verify that you’ve entered these details correctly.
- Once you’ve been authorized, money will be deposited into your bank account. The entire procedure should take no more than ten minutes.
Interest Rate And Loan Repayment On Renmoney
The maximum Annual Percentage Rate (APR) is 35.76 percent, with monthly interest rates ranging from 2.4 percent to 9.33 percent. There are no further charges.
Sign up to the Connect Nigeria daily newsletter
What You Get When You Take Out A Renmoney Loan
Loans ranging from N6,000 to N6,000,000 are available quickly and easily. Repayment terms range from three to twenty-four months.
In a matter of minutes, you’ll have money in your bank account.
Your next loan will have lower rates and a longer term. There isn’t any paperwork. There is no requirement for collateral or a guarantor.
There are no hidden fees — you can always examine the details of your loan before you commit. The platform keeps things simple and avoids using jargon. The support crew is always there to assist you.
Renmoney Account (Savings)
Because the Renmoney app works like a mini bank in your pocket, you can set up a Smart Goal to save towards important milestones, or a Save Easy plan to save whenever it’s convenient. Whatever plan you choose, you’ll get a good return on your investment.
Investing On Renmoney
With a Renmoney Fixed Deposit account, you can put your money to work for you. Invest your money for a set period of time and make a good return.
Click the link below to download the app.
Featured Image Source: Renmoney
Got a suggestion? Contact us: [email protected]
