Renmoney

The Renmoney app can help you meet your financial goals with just a few clicks. Get convenient loans for those moments you need money for your personal or business needs or grow your money with a Savings or Fixed Deposit account.

WHY CHOOSE RENMONEY?

At Renmoney, we’re passionate about building fintech solutions that suit your financial needs. If you need money or plan to grow your income, the Renmoney App is exactly what you need.

Loans of up to ₦6m
Fast and convenient processes
No collateral or guarantor needed
Flexible repayments
Competitive rates
Savings and investments on your own terms
Regulated by the Central Bank of Nigeria (CBN) and insured by the Nigeria Deposit Insurance Corporation (NDIC).

FIXED DEPOSITS & SAVINGS

You can also open a Fixed Deposit account with ₦5,000 or more and earn great interest on your money.

You can also save towards specific goals in an account that rewards you for saving. Open a savings account with as little as ₦1,000 or more and earn more on your savings.

With the Renmoney app you can:

Start a Fixed Deposit and earn great returns on your money
Set and meet your savings target in a Target Savings account.
Set up automatic savings
Earn competitive returns on your investment
Stay updated on your savings and investments
HOW TO START A FIXED DEPOSIT OR SAVINGS ACCOUNT

Download the Renmoney app
Set up your profile with the required information
Select the Fixed Deposit or Savings option
Earn better returns with Renmoney. The longer you keep your money, the more interest you earn.

LOANS

If you are employed or run your own business, you can apply for a loan of up to ₦6million on the Renmoney app.

With the Renmoney app you can:

Use the loan calculator to decide how much to borrow
Get a quick loan decision
Complete the loan process fully and get money
HOW TO APPLY FOR A LOAN

Download the Renmoney app
Set up your profile with the required information
Apply for a loan

WHAT YOU NEED TO APPLY FOR A LOAN

Some documents we’ll collect during your loan application are below. Not to worry, it’s all simple and super convenient!

· 6 months' bank statement from your main bank account

· Proof of address (One of the following - Driver’s license, PHCN bill, DSTV bill, Waste bill, rental agreement, etc.)

· A government-issued ID card (One of the following - PVC, International passport, Driver’s license or National ID card)



RENMONEY INTEREST RATE AND LOAN REPAYMENT

With Renmoney you can apply for a loan of ₦50,000 - ₦6,000,000 without collateral and repay in 3 -24 months.

Monthly interest rates range from 2.76% - 9.33% and the maximum Annual Percentage Rate (APR) is 35.76%. No other fees are charged when you apply for a loan.



Representative example:

Loan Amount: ₦2,000,000

Loan Tenure: 12 months.

Number of Repayments: 12

Monthly Interest Rate: 2.98%

Monthly repayments: ₦226,266.67

Total amount payable: ₦2,715,200.

APR: 35.76%.



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.



GET IN TOUCH WITH US

We love to hear from you so, share your comments, suggestions or questions through the following channels:

Email: hello@renmoney.com

Phone: 0700 5000 500

Facebook page: https://www.facebook.com/renmoney/

Twitter: https://twitter.com/Renmoney

Instagram: https://www.instagram.com/renmoneyng/



OUR OFFICES ARE LOCATED AT:

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
Marina: 27-29 Odunlami Street, Marina,Lagos,Nigeria
Ikota: F61 & F62 Road 3, Ikota Shopping Complex, Ikota
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What's New

What’s New?

In addition to a new UX and bug fixes:



Pocket: Activate your Pocket – your savings & transaction account

Smart Goal savings: Set up a Smart Goal - choose a target amount & duration and save for it e.g. holiday

Create a goal name: Giving your savings goal a name makes is realer to you

Biometric login: Log in with ease whenever you use the app

Recurring debits: Set up recurring payments

New dashboard: View your loan, savings and fixed deposit balance
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Additional Information

Updated
June 25, 2020
Size
12M
Installs
10,000+
Current Version
2.1.4
Requires Android
4.4 and up
Content Rating
Everyone
Permissions
Offered By
Renmoney MFB
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