Yes, Renmoney is legit and has been giving out loans for a while now. Although their interest rate is kind of high, but you can easily get a loan of 50,000 to 6 million, as long as you meet their requirements.
Besides, Were can I borrow money?
- Banks. Taking out a personal loan from a bank can seem like an attractive option. …
- Credit unions. A personal loan from a credit union might be a better option than a personal loan from a bank. …
- Online lenders. …
- Payday lenders. …
- Pawn shops. …
- Cash advance from a credit card. …
- Family and friends. …
- 401(k) retirement account.
Also, How many customers does Renmoney?
To date, this approach has attracted a customer base of more than 25,000 people. The evolution of the financial services industry is expected to continue for the foreseeable future and Renmoney says it will continue to adapt to the changing environment.
Herein, How much interest does Palmcredit charge? Palmcredit interest rate is between 14% to 24%, Equivalent Monthly interest 4%~4.7%, the Annual Percentage Rate (APR) on a Palmcredit loan is 48%~56%. The loan term is between 14 days to 180 days. You can borrow up to ₦100, 000 from Palmcredit. Also, note that you can adjust the maximum amount at any time!
Is my BVN safe with Renmoney?
We need your BVN because it is a KYC (Know Your Customer) requirement by the CBN for all financial institutions (including Renmoney). We use the most advanced encryption techniques to ensure the security of data provided to us by you so, your information is secure.
21 Related Questions and Answers
Where is the easiest place to get a loan?
The easiest banks to get a personal loan from are USAA and Wells Fargo. USAA does not disclose a minimum credit score requirement, but their website indicates that they consider people with scores below the fair credit range (below 640). So even people with bad credit may be able to qualify.
Where can I borrow money fast in Nigeria?
In this post, we talked about the top 10 websites in Nigeria that offer quick loans to small businesses and individuals without collateral in Nigeria.
- GROFIN. …
- SMEDAN. …
- LYDIA.CO. …
- AELLA-CREDIT. …
- ZEDVANCE. …
- PAYLATER. …
- KIAKIA.CO. …
- ONE-FI.
Who is the owner of Renmoney?
The Chief Executive Officer (CEO) of Renmoney Microfinance Bank Limited, Oluwatobi Boshoro, has resigned from her position just 10 months after her appointment. The company’s Chairman, Kieran Donnelly, has also stepped down from the role.
Where can I borrow money in Nigeria?
8 money lending platforms in Nigeria and their interest rates
- Paylater. Paylater is a quick online lending platform that offers short term loan without collateral for urgent needs and expenses. …
- Renmoney. …
- Aella Credit. …
- kwikmoney (Mines) …
- Rosabon Finance Quick Loan. …
- Zedvance. …
- Page Financials. …
- FINT Loan.
How can I get a loan from GTBank?
How to Apply
- You can request for Quick Credit instantly by dialling *737*51*51#
- Quick Credit is also available on all GTBank online and mobile banking platforms (Internet Banking, GTWorld, GTBank Mobile App and Habari App)
What is the best loan app in Nigeria?
5 Best Loan Apps in Nigeria today
- ALAT. Nigeria’s first-ever fully digital bank is the first on this list of best loan apps in Nigeria. …
- Carbon. Previously known as PayLater, this simple lending platform gives access to loans within minutes. …
- Branch. …
- PalmCredit. …
- AellaCredit.
How do you make money with Palmcredit?
You can make money on Palmcredit using the referral effect, this method involves sharing your referral link with friends on WhatsApp, email, SMS etc. To do this, Log on to your app.
How do I apply for a Paylater loan?
Just follow the steps below to apply for a Paylater loan:
- Download the Paylater app here.
- Register your personal details.
- Choose your desired loan amount and duration.
- Submit your application. You will get a loan decision in seconds.
- If approved, your account is credited within 5 minutes.
How can I get quick loan in Nigeria?
How to Apply for a Loan:
- Visit the JumiaPay Android app.
- Scroll down to the ‘Financial Services’ section and click ‘Loans’
- Provide all the requested information.
- Approval takes a few minutes and you get an email requesting for your details for disbursement.
How do I get a loan from Paylater?
Just follow the steps below to apply for a Paylater loan:
- Download the Paylater app here.
- Register your personal details.
- Choose your desired loan amount and duration.
- Submit your application. You will get a loan decision in seconds.
- If approved, your account is credited within 5 minutes.
How do you use Renmoney?
See how it works
- Apply. Choose your loan tenure & amount then share some information about yourself.
- Verify. Verify the information that you’ve. provided.
- Receive your funds. Sign your documents and get the money in your bank account within 24 hours, if your loan is approved.
How can I borrow money immediately?
Fastest ways to borrow money
- Personal loan from an online lender. …
- Cash advance from a credit card. …
- Loan from family or friends. …
- Pawnshop loan. …
- Payday loan.
What credit score is needed for a $5000 loan?
What credit score is needed for a $5,000 loan? To qualify for a personal loan of $5,000, you should have a FICO 600 or above.
Can I get loan without credit score?
Getting a personal loan without a CIBIL score is not possible. As personal loans are unsecured forms of a loan, it is difficult for a lender to determine the risks associated with lending to a borrower with no credit score.
What are the 4 types of loans?
- Personal Loans: Most banks offer personal loans to their customers and the money can be used for any expense like paying a bill or purchasing a new television. …
- Credit Card Loans: …
- Home Loans: …
- Car Loans: …
- Two-Wheeler Loans: …
- Small Business Loans: …
- Payday Loans: …
- Cash Advances:
Can I borrow money from my bank?
Generally, to get a bank loan you’ll need to be an existing customer with good credit. If your bank does offer loans, you’ll need to assemble your paperwork, get clear on the terms of the loan, and make sure you have a plan to pay it back.
Does Kuda bank give loan?
Do you give loans? Yes, we give loans and you’ll be able to get one automatically if you use your Kuda account regularly.
