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 has the easiest personal loan approval?
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.
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!
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)
19 Related Questions and Answers
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.
When applying for a loan What is the best reason to give?
1. Debt consolidation. Debt consolidation is one of the most common reasons for taking out a personal loan. When you apply for a loan and use it to pay off multiple other loans or credit cards, you’re combining all of those outstanding balances into one monthly payment.
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.
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.
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.
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.
What is the code to borrow loan from GTBank?
Use the GTB loan code – *737*8*2# Visit any branch of GTBank or ATM.
How much loan can I get if my salary is 15000?
Here taking a salary as ₹ 30k, & without any fixed monthly obligation, you can pay a maximum of ₹ 15,000 as EMI considering 50% FOIR. If the interest rate is 10% per annum, the loan amount eligibility can be arrived at ₹ 17,09,806 using a home loan eligibility calculator (assuming 3 household members).
What is the easiest loan to get approved for Australia?
For quick and easy loans Australia wide, MoneyMe is the number one choice. Simply apply online in just a few minutes, and you may receive between $2,100 and $50,000 in your bank account, in under an hour.
What credit score is needed for a 10000 loan?
To get approved for a $10,000 personal loan, you’ll typically need a credit score of 620 or higher — though keep in mind that some lenders are willing to work with borrowers who have scores lower than this.
What credit score is needed for a 20000 loan?
What credit score is needed for a $20,000 personal loan? You should have a 640 or higher credit score in order to qualify for a $20,000 personal loan. If you have bad or fair credit you may not qualify for the lowest rates.
Is it better to apply online or in person for a loan?
Applying for a loan in person is less convenient than applying online, but may also give you some advantages. You will better be able to explain your personal situation and enjoy instant verbal communication as opposed to the delay afforded by email.
Why would a loan application be rejected?
The most common reasons for rejection include a low credit score or bad credit history, a high debt-to-income ratio, unstable employment history, too low of income for the desired loan amount, or missing important information or paperwork within your application.
How do you convince a customer to get a loan?
7 Tricks to Convince the Client to Buy
- Be natural and do not use scripts.
- Ask about the clients’ well-being.
- Use names while talking with a client.
- Prove that your products are better than those offered by competitors.
- Keep initiating further conversation.
- Specify the positive characteristics of the customer.
- Act on emotions.
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.
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 I borrow money from MTN?
Steps to apply for MTN QwikLoan
- Dial the short code *170# on your MTN Handset.
- Choose option 5 to access Financial Services option.
- Choose option 3 for loans.
- Choose option 1 for Qwikloan.
- Choose option 1 for Request Loan.
- Choose your loan amount.
- Confirm your repayment plan (Number of days to pay back)
