TraderMoni – loan application

3.5 / 5  (123 reviews)
Maximum amount ₦100,000
Interest from 5.00%
Term 6 – 12 months
Your money in 5 business days
Apply on official TraderMoni website ad

Application does not commit you to a loan agreement. Loan is approved by TraderMoni according to their terms.

Screenshot of https://www.tradermoni.ng, operated by: Bank of Industry (GEEP Programme), used under legitimate licence.

TraderMoni screenshot

Contact

Company Bank of Industry (GEEP Programme)
Address 23 Marina, Lagos Island, Lagos

TraderMoni – repayment table

Estimated monthly repayments at 5.00% monthly interest. Actual terms confirmed upon approval.

Amount \ Term 6 months 12 months
₦15,000 ₦3,250 ₦2,000
₦25,000 ₦5,417 ₦3,333
₦35,000 ₦7,583 ₦4,667
₦45,000 ₦9,750 ₦6,000
₦55,000 ₦11,917 ₦7,333

Representative example

Loan amount ₦57,500
Repayment term 12 months
Monthly interest 5.00%
Monthly repayment ₦7,667
Total interest costs ₦34,500
Total amount payable ₦92,000

* Example is for illustration only. Actual terms are confirmed upon loan approval.

Quick overview

Loan amount ₦15K – ₦100K
Term 6 – 12 months
Interest from 5.00%
Approval 5 business days
Age 18+ years
Online application Yes

Requirements

  • ✓ Active market trader or artisan
  • ✓ BVN
  • ✓ Nigerian mobile phone number
  • ✓ Market association membership
  • ✓ Enrolment via GEEP agent at market

Loan features

  • Government micro grant programme
  • Starting from ₦10,000 up to ₦100,000
  • Zero interest
  • No collateral
  • Progressive amounts with each repaid cycle
  • Managed by Bank of Industry (GEEP)