Moniepoint – Loan details
Moniepoint provides personal and business loans to individuals and SMEs via its popular mobile banking platform with millions of active users.
Loan amount
₦50K – ₦1.0M
Interest from
2.50%
Term
1 – 12 months
Approval
24 hours
Pros
- ✓ CBN licensed commercial bank
- ✓ Loans up to ₦1,000,000 personal / higher for businesses
- ✓ Backed by major international investors
- ✓ Extensive POS agent network (business data)
- ✓ Fast 24-hour loan decisions
Cons
- ✗ Personal loans primarily for existing Moniepoint users
- ✗ Business loans require Moniepoint account history
- ✗ App-only application process
Requirements
- Active Moniepoint account
- Valid BVN
- Valid government-issued ID
- Nigerian phone number
- Smartphone with Moniepoint app
- For business loans: 3+ months transaction history on Moniepoint
Company information
Moniepoint MFB Limited
Victoria Island, Lagos, Nigeria
https://moniepoint.com
This document is for informational purposes only. Always verify current terms and conditions directly with the lender before signing any agreement. CoolFinance.com.ng is an independent comparison portal operated by double technology s.r.o., Czech Republic.