Are you looking for a Renmoney loan interest rate? Then you are on the right web page that will give you the best insight into the interest rate.
Table of Contents
About Renmoney
We’re a fintech company that provides online financial services in Nigeria. We offer Renmoney Loans of up to 6 million dollars, with a great rate of interest on your savings, bill payments, airtime, and money transfers using Renmoney Loan. Renmoney Loan App. We have a microfinance bank license, supervised by the Central Bank of Nigeria (CBN) and backed by the Nigeria Deposit Insurance Corporation (NDIC).
Your Renmoney Loan app will simplify financial planning and allow you to do more now! You can access loans of up to N6 million and earn high interest from your savings. You can also pay off bills and airtime and pay your bills all from your Renmoney application.
Unlock Loans using the Renmoney App.
You can obtain a loan quickly if you’re employed or running your own business. If you provide some details to us, we’ll approve, and if your request is accepted, you’ll receive cash in your account immediately.
Renmoney Loan Interest Rate
The Renmoney Loans
- If you make your payments on time, you will get lower rates as well as a longer time to pay back the next loan
- No documents, collateral, or guarantor are required.
- No hidden fees, and you’ll always know the terms of your loan before you decide to sign
- The minimum loan repayment time is three months
- The maximum period for loan repayment is 12 months
Renmoney Interest Rate on Loans;
Renmoney Loan Monthly interest rates range between 2.65 percent to 9.89 percent, with the highest Annual Percentage Rate (APR) of 35.76 percent. There are no other fees to pay.
Renmoney App
Average Rating – 2+ stars
Downloads5k+
The Renmoney application is a loan application in Nigeria that speeds up credit applications and loan disbursements. It gathers data seamlessly, checks loan applications, and distributes funds within 24 hours. The app is available for Android only. You can download the Renmoney loan application from the Play Store.
Loan calculator for Renmoney
The most significant benefit of borrowing money today is that you can perform the math before determining the amount of interest you’ll pay from the loan. It is possible to understand this before applying for your loan using Renmoney’s Loan calculator from Renmoney. It’s free to use, and if you choose to do so, it does not mean you’ve signed a contract to take the loan. It is best to understand precisely how much you’ll have to pay back, the amount of interest you’ll be charged, and the time frame for the repayment. If you’re ready, you can apply to get the money.
A representative example If you can take the amount of N1,000,000 for 12 months and 12 payments at a monthly rate of 2.65 percent, the monthly installments would total N109,854.47, which means that the entire amount to be paid is N1,318,253.68 at an APR of 31.83 percent.
Renmoney Requirements for Loans;
To qualify for a loan, you must be:
- Between 22 and 59 old
- You must have a proven source of income
- We live or work in the cities we operate
- You can open a current or savings bank account at every commercial institution.
What is the maximum amount I can get?
You can receive up to N6,000,000 over 24 months.
How it Works
- Apply;
Choose the loan’s tenure and the amount, then provide some details about you
- Verify;
Check the details you’ve supplied
- Pay your cash;
Ensure you sign the documents and receive the cash in your account in 24 hours, provided your credit is granted.
What documents must I submit for a loan?
You’ll need the bank statement, a government-issued ID card, and a utility bill (optional).
How Can I Make Repayment?
If you’ve set up direct debits, card transfers, or direct debits, you must ensure your account is fully funded by the due date. We’ll pay your loan.
Renmoney Loan Ap Download
The Renmoney loan application is available to Android smartphone users.
Install and download the Renmoney loan application directly from the Google Play Store. It’s a small size of just 17 MB with over 500,000 downloads. It currently has a score of 3.4 from more than 8000 users.
Download Renmoney Loan App Here
Here’s how to reach us
- Help ticket in the app
- Email:
- Visit: renmoney.com
We hope we have solved your problem with the Renmoney Loan Interest Rate, and if you still need to, you have a question to ask or comment about Renmoney Loan Interest Rate. Drop a comment below.
