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.

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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.

monzo loan app
Is Monzo Loan App Legit In Nigeria

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.
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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

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19 thoughts on “Is Monzo Loan App Legit In Nigeria”

  1. 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

    Reply
    • 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.

      Reply
  2. 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.

    Reply
  3. 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

    Reply
  4. 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

    Reply
  5. 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.

    Reply

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