MoniBoat

AVPM

About this app

MoniBoat – Virtual Card and Digital Credit Services
MoniBoat is a financial technology application that gives eligible users in Nigeria access to virtual card features and digital credit services. After completing the required checks, qualified users may activate a virtual card, receive a credit limit, request funds within that limit, and manage repayment information in the app.
Getting Started
Users can register with a mobile number and provide the information required to create and protect their account. Identity or profile verification may be required to confirm account ownership, prevent unauthorized activity, meet compliance obligations, and assess eligibility.
Security and Compliance
MoniBoat uses reasonable safeguards to protect personal and financial information, including encrypted transmission, access controls, identity checks, security monitoring, and data protection procedures.
Submitted information may be used for account operation, transaction processing, customer support, fraud prevention, regulatory compliance, identity verification, and eligibility assessment.
Available Features
Eligible users may:
- Activate and manage a virtual card;
- View an assigned credit limit;
- Select an amount within the available balance;
- Review transaction and repayment records;
- Check due dates and outstanding amounts; and
- Receive account and repayment notifications.
Activating an account or virtual card does not guarantee access to credit. All offers remain subject to verification, account status, internal assessment, and the terms displayed in the app.
Credit Terms
Approved amounts, repayment periods, interest rates, and applicable fees may vary depending on profile information, verification results, account status, and internal eligibility criteria.
- Credit Range: ₦1,000 to ₦400,000
- Repayment Duration: 3 to 12 months
- Daily Interest Rate: Up to 0.08%
- Maximum APR: 29.2%
- Applicable fees will be disclosed before confirmation.
The final offer may be lower than the stated maximum values.
Representative Calculation
Example:
- Credit amount: ₦10,000
- Repayment period: 180 days, approximately 6 months
- Annual interest rate: 29.2%
Interest:
₦10,000 × 29.2% ÷ 365 × 180 = ₦1,440
Total repayment:
₦10,000 + ₦1,440 = ₦11,440
APR:
₦1,440 ÷ ₦10,000 ÷ 180 × 365 = 29.2%
This example is provided for illustration only. Actual interest, fees, and repayment amounts will depend on the approved offer and the final terms displayed before confirmation.
Important Information
Approval is not guaranteed. MoniBoat may approve, reduce, or decline a request based on verification and eligibility results.
Before accepting an offer, users can review the approved amount, interest rate, repayment period, due dates, total interest, applicable charges, and total amount payable.
Late or missed payments may result in additional charges where permitted. Applicable conditions will be stated in the service agreement or displayed before confirmation. Users should borrow responsibly and select only an amount they can repay on time.
Repayment Management
Users can review repayment schedules, due dates, outstanding balances, and payment records through their account.
MoniBoat may send reminders through in-app messages, email, SMS, or other authorized channels. Users remain responsible for monitoring and meeting their repayment obligations.
Privacy and Data Use
MoniBoat collects only the information reasonably required to provide its services, verify users, process transactions, protect accounts, assess eligibility, prevent misuse, comply with legal obligations, and improve service performance.
Personal information is not sold to advertisers or shared for unauthorized marketing. Additional information about data collection, use, storage, disclosure, retention, security, and user rights is available in the MoniBoat Privacy Notice.

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