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, Which bank gives personal loan easily?
HDFC Bank offers loans with EMIs starting at Rs 2,162per lakh. Check the Personal Loan EMI Calculator to plan your repayment better. It’s easy: Getting a Personal Loan from HDFC Bank is easy, especially if you have your documents in order and you have a good credit track record.
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
Can I get personal loan if my salary is 15000?
Income: In order to be eligible for a personal loan through a bank, you have to draw a minimum salary every month, which varies from bank to bank. But generally, if you are earning at least Rs. 15,000 every month, you will be eligible for a personal loan.
Is it easy to get a loan from your bank?
While it may not be explicitly mentioned on a lender’s website, it’s typically easier for someone with a good credit score to be approved for a personal loan. Conventional lenders generally run a credit check to determine how likely it is you’ll repay your loan.
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.
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.
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 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 contact Renmoney?
Our team is happy to answer any questions.
- MESSAGE US. Start a chat!
- CALL US (9am – 9pm) 0700 5000 500.
- EMAIL US. hello@renmoney.com.
How much loan I can get if my salary is 25000?
Most lenders determine the maximum loan amount up to 10 times of your monthly salary. If you earn Rs. 25,000 per month, you may become eligible for up to Rs. 2.5 Lakhs.
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 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.
How hard is it to get a personal loan from your bank?
It’s not hard to get a personal loan in general, but some personal loans are much harder to get than others. … Unsecured personal loans often require a credit score of 660+, and some are only available to people with scores of 700+.
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.
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.
How can I get money today without a loan?
You’ve probably heard the warnings against payday loans and other get-cash-fast, short-term lenders. Interest rates amount to more than 300%.
…
- Sell Your Clothes. …
- Take Care of Pets. …
- Do a Few Odd Jobs for Family or Friends. …
- Pick Up a Craigslist Gig. …
- Offer to Babysit. …
- Sell Your Gold and Silver. …
- Flip a Freebie.
Which bank in Nigeria has the lowest loan interest rate?
GTBank’s Quick Credit: Earlier this year, Guaranty Trust Bank Plc took a major step by crashing the interest rate for its quick loans. At the moment, the tier-1 bank offers the cheapest interest rate per month of 1.33%, down from 1.75%.
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.
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)
