Renmoney: Loans, Savings, Fixed Deposit

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You can get a quick loan on the Renmoney app in just a few steps. Our loans are for employed or self-employed people as well as business owners. So, if you need an instant personal or business loan, you can borrow from ₦6,000 to ₦6,000,000 and repay in 3 to 24 months.

The Renmoney app gives you instant access to quick loans, savings and investments with competitive interest rates.

What you get with a Renmoney loan

Fast and convenient loans from ₦6k to ₦6m
Flexible repayments from 3 - 24 months
Money in your bank account in minutes
Lower rates and longer tenure on your next loan
No paperwork
No collateral or guarantor needed
No hidden charges - you always see your loan terms before you commit
We keep it simple, no confusing language
Support team always available to help
Secure processes


The loan process

Download the mobile app
Share some information about yourself
Verify the information you have provided
Get money in your bank account once you’re approved


Want to save?

You can set up a Smart Goal and save towards milestones that matter to you or set up a Save Easy plan and save what’s convenient. Whatever plan you choose, you’ll earn attractive interest on your money.

Want to invest?

Make your money work for you with a Renmoney Fixed deposit account. Invest your money for a fixed duration and earn attractive interest.

What you get with Renmoney Savings and Fixed Deposit

Earn up to 12% interest per annum
Save and invest securely and on your own terms
Build a savings habit
Set up automatic periodic savings
Why choose Renmoney?

We’re convenient and secure
You can see and access your account at any time
We’re regulated by the Central Bank of Nigeria (CBN)
Your savings and deposits are insured by the Nigeria Deposit Insurance Corporation (NDIC).


About Renmoney

We’re a fintech lending company located in Lagos state, Nigeria and operating under a Microfinance Bank license. We offer personal and business loans from ₦6,000 to ₦6,000,000 to employed and self-employed individuals as well as high interest savings and fixed deposits.

RENMONEY INTEREST RATE AND LOAN REPAYMENT

With Renmoney you can apply for a loan of ₦6,000 - ₦6,000,000 without collateral and repay in 3 -24 months. Monthly interest rates range from 2.4% - 9.33% and the maximum Annual Percentage Rate (APR) is 35.76%. No other fees are charged.



Representative example:

Loan Amount: ₦2,000,000

Loan Tenure: 12 months.

Number of Repayments: 12

Monthly Interest Rate: 2.4%

Monthly repayments: ₦214,667.00

Total amount payable: ₦2,576,000.00

APR: 28.8%.

Customer information security and privacy

The Renmoney app has been developed using the best security and privacy standards to ensure absolute data security. When you download the Renmoney App, we will ask for your permission to verify your personal and financial information. Our app is secure to use, and we will not share your information with third parties without your consent.



Here’s how you can contact us

Email: hello@renmoney.com
Call: 0700 5000 500
Visit: www.renmoney.com
Like on Facebook: https://web.facebook.com/renmoney
Follow on Instagram: https://www.instagram.com/
Follow on Twitter: https://twitter.com/home
Follow on Medium: medium.com/@renmoney
Visit our offices

Ikoyi: 23, Awolowo Road Ikoyi, Lagos, Nigeria
Opebi: Pentagon Plaza, 23 Opebi Road, Ikeja, Lagos, Nigeria
Surulere: Kings Plaza, 80, Adeniran Ogunsanya Street, Surulere, Lagos, Nigeria
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What's New

We’ve made some updates to the app. What’s new?

- Bug fixes to help you complete your loan application conveniently
- Easier set up of your loan repayments
- Updated interest rate on Fixed Deposits

Download the updated version now and get loans from ₦6,000 to ₦6,000,000 in 10 minutes.
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Additional Information

Updated
April 23, 2021
Size
13M
Installs
100,000+
Current Version
2.2.16
Requires Android
4.4 and up
Content Rating
Everyone
Permissions
Offered By
Renmoney MFB
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