Renmoney – loan application
Screenshot of https://www.renmoney.com, operated by: Renmoney, used under legitimate licence.
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Renmoney – repayment table
Estimated monthly repayments at 2.98% monthly interest. Actual terms confirmed upon approval.
| Amount \ Term | 3 months | 6 months | 12 months | 18 months | 24 months |
|---|---|---|---|---|---|
| ₦500,000 | ₦181,567 | ₦98,233 | ₦56,567 | ₦42,678 | ₦35,733 |
| ₦1,000,000 | ₦363,133 | ₦196,467 | ₦113,133 | ₦85,356 | ₦71,467 |
| ₦1,500,000 | ₦544,700 | ₦294,700 | ₦169,700 | ₦128,033 | ₦107,200 |
| ₦2,000,000 | ₦726,267 | ₦392,933 | ₦226,267 | ₦170,711 | ₦142,933 |
| ₦2,500,000 | ₦907,833 | ₦491,167 | ₦282,833 | ₦213,389 | ₦178,667 |
| ₦3,000,000 | ₦1,089,400 | ₦589,400 | ₦339,400 | ₦256,067 | ₦214,400 |
Representative example
Loan amount
₦300,000
Repayment term
12 months
Monthly interest
2.98%
Monthly repayment
₦33,940
Total interest costs
₦107,280
Total amount payable
₦407,280
* Example is for illustration only. Actual terms are confirmed upon loan approval.
Quick overview
Loan amount
₦100K – ₦6.0M
Term
3 – 24 months
Interest from
2.98%
Approval
24 hours
Age
22-59 years
Online application
Yes
Requirements
- ✓ Valid BVN
- ✓ Active Nigerian bank account
- ✓ Valid government-issued ID
- ✓ 3 recent payslips or proof of business income
- ✓ Nigerian phone number
- ✓ Minimum monthly income requirement applies
Loan features
- Personal loans from ₦50,000 to ₦6,000,000
- Terms 3 to 24 months
- Interest from 2.98% per month
- Self-employed can apply
- Fully online application
- CBN licensed national MFB
Ready to apply?
Go to official Renmoney website ad