Are you looking for Renmoney loan interest rate then you are on the right web page that will give you the best insight on the interest rate.
We’re a fintech company that provides online financial services in Nigeria. We offer Renmoney Loan of up to 6 million dollars, with a great rate of interest on your savings, bills payments and airtime as well as money transfers using Renmoney Loan. Renmoney Loan App. We have an microfinance bank license, which is supervised by the Central Bank of Nigeria (CBN) and backed through the Nigeria Deposit Insurance Corporation (NDIC).
Your Renmoney Loan app will make financial planning simple and efficient and allow you to do more now! You can access loans of up to N6 million you can earn high-interest from your savings. You can also pay off bills and airtime, as well as pay your bills all from your Renmoney application.
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Unlock Loans using the Renmoney App
If you’re employed or running your own business, you’ll be able to obtain a loan quickly. If you provide some details to us and we’ll make an approval and if your request is accepted, you’ll receive cash in your account immediately.
No hidden fees, you’ll always know the terms of your loan before you make a decision to sign
The minimum loan repayment time is 3 months
The maximum period for loan repayment is 12 months
Renmoney Interest Rate on Loans;
Renmoney Loan Monthly interest rates are ranging between 2.65 percent to 9.89 percent with the highest Annual Percentage Rate (APR) can be 35.76 percent. There are no other fees to pay.
Average Rating – 2+ stars
The Renmoney application is an loan application in Nigeria that speeds up credit applications and loan disbursements. It gathers data in a seamless manner checks loan applications, and distributes funds within 24 hours. The app is available for Android only. You are able to download the Renmoney loan application from the Play Store.
Loan calculator for Renmoney
The greatest benefit of borrowing money today is you can perform the math first before determining the amount of interest you’ll pay from the loan. It is possible to understand this before submitting an application for your loan by using Renmoney’s Loan calculator from Renmoney. It’s completely absolutely free to use and if you choose to do so not mean you’ve signed a contract to take the loan. It is best to understand exactly how much you’ll have to pay back as well as the amount of interest you’ll be charged and the time frame for when the repayment is paid. If you’re ready and are ready, you’re free to apply to apply to get the money.
A representative example In the event that you are able to 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 the course of 24 months.
How it Works
Choose the loan’s tenure and the amount, then provide some details about you
Check the details you’ve supplied
Pay your cash;
Make sure you sign the documents and receive the cash in your account in 24 hours, provided your credit is granted.
You’ll need the bank’s statement as well as government issued ID card, as well as a utility bills (optional).
How Can I Make Repayment?
If you’ve set up direct debits or card transfers or direct debits all you need to do is to 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 more than 500,000 downloads. It currently has a score of 3.4 from more than 8000 users.
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.