Is Monzo Loan App Legit In Nigeria
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Monzo Loan App Nigeria
Personal loans are now a common method to borrow money and with an excellent reasons. The money from a personal loan to pay for any purpose you’d like to such as consolidating the burden of debt, make your home more attractive or to purchase an event like a wedding. The best personal loans typically have lower interest rates than you’d pay for credit cards or other high-interest consumer debt like payday loans. This is where the monzo loan can aid.
The loan app is an Nigerian loan application that allows you to get short-term loans that range from N3000 to N50000. It is designed with a an easy and smooth interface for users and utilizes AI to evaluate your credit score on the basis of the information you provide . Monzo loan will transfer money into your account at the bank in under five minutes.
How to apply for Monzo loan?
The process of getting a Monzo loan app is possible conveniently online using:
- Install and download your Monzo loan application via Google Play Store.
- Give some details about yourself including your current employer number, ID card or BVN number , etc.
- Check the accuracy of the information you’ve given
- Make sure you have money in your account after you’ve been cleared. The entire process should not exceed 10 minutes.
Monzo loan app interest rate
Expect the interest rate on your loan will be between 5 and 30 percent monthly and a one-time origination cost ranging from N1000 to N6000.
Is Monzo loan app legit
Monzo loan app is a fake loan app and you should stay away from it.
After downloading Monzo loan app , you will charge some amount of money yet you will not receive the loan.
Monzo loan is scam
Conclusion
We hope we have successfully answered your questions abut Is Monzo Loan App Legit In Nigeria , if not kindly drop a comment below
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About Author
metronaija
Mr Olawale Olokede is a registered loan officer and worked for over 10 years as a senior financial consultant for accounting, finance and business management firms in Nigeria. Mr Olawale Olokede implemented and supervised financial and loan solution to Lagos based small and medium scale businesses after lecturing at the Lagos Business school. He is channeled his writing skills and passion for blogging to set up Lending Naija with over 50 reviews on different loan application and downloads.
Does monzo ask customers to pay a certain amount of money before you can withdraw your approved loan amount into your account?
Please I just apply for a loan on monzo app and which am required to pay some amount in which have done and am yet to receive any thing again from the customer service
No dear they are scammers don’t send any money
Please I just apply for a loan on monzo app and which am required to pay some amount in which have done and am yet to receive any thing again from the customer service
Please Ths app is full of scammers I also paid but no alert if you have opportunity to trace the account number please do I’m ready to get Dem.
Monzo app Nigeria is not legit, the app pis a scam, I applied for the loan and I was asked to pay 5% which I did, but unfortunately I could not withdraw but I was chatting with the customer service and they said my loan was transferred to a frozen account, that I have to give or pay 15% of the entire loan to unfreeze my account which I almost believed, but come to think, my wife said no instead of pay such a high amount just because of a simple mistake in entering my account details let’s apply another loan using her account to see how it will go and very conscious in entering the account details which we did perfectly and also paid same 5%, the result was the same old story, what we noticed was that you do not have the access to edit anything in the app pertaining your account details only them, so no matter what or how you do they will change a certain figure and tell you, you entered the figure wrongly, that you will pay 10% to unfreeze your account they even say I should pay 8%, then I understood we’re they we’re operating from.
noted
I have deposited 100005 yet I have not seen any money
I was also scam as well of 25000k which they told me the same story that was mentioned above
I’m so happy I went through this message they also asked me to pay 5% which is 25k before they can send me direct code I almost believe but I noticed I have to transfer the money to personal account which is not supposed to be so if All they need the 5% it should be deducted from your account by the company not been transferred to personal account . I thank God because I almost fall for they scam
Exactly same thing i experienced….I was been threatened of been deducted monthly…..despite the fact that i have not access the loan
Did dey debit your acct afterwards….on 10th as they claim because that is my fear right now
Thank God I didn’t fall for this oo
I also apply for #500,000 and I was told to pay 5% which I almost did but my conceance couldn’t allow me to do so. Thanks I could have fall victim
Thank God I’m reading this. You guys just saved me from major scam
Omo!!! Meself reason am y not just remove the 5percent from the money dey want to loan you simple
Exactly, I also sent them the 50k.later on the money did not enter my account. That my account number is wrong.That I most to pay 15percent of the loan.And I did.still asking for the remaining 15percent.this people really cheated me.Oh my God.
Thank God i didn’t make the payment that they asked me to am almost to done then i search for this. They asked me to pay for 25k before they give me the direct code
Thank you so much guys,you just save me from being scam by dropping a comment here