# Monibac — Get access to loans on Monibac > Collateral-free loans, savings with interest, and easy transactions. (iPhone/iPad app by Prime Zone Limited.) - Source: https://appshunter.io/ios/app/monibac/id1670621261 (this page in markdown: same URL + `.md`) - Developer: [Prime Zone Limited](https://appshunter.io/developer/1670621263) - Category: Finance - Price: Free - Rating: 2.70/5 from 61 App Store ratings · 26 written reviews indexed - Age rating: 17+ - Requires: iOS 13.0 · 31 MB - Languages: American English - Released: 2023-06-01 - Data updated: 2026-08-23 - Monetization: free with in-app purchases - User reviews in markdown: https://appshunter.io/ios/app/monibac/id1670621261/reviews.md ## What is Monibac? Monibac is an app where you can access loans without any collateral, save and earn interest on your savings, and easily top up and withdraw to your account. Why Monibac? 1. You do not need collateral before you can access a loan 2. There are no charges on both deposits or loans. 3. You can get an additional 50% of your savings as a loan. 4. You can get from 20,000NGN to 500,000NGN as a loan 5. We will always send reminders for your repayment without much disturbance. How it works Install the Monibac App from App Store Register your account Start saving After 3 months, the customer is eligible to request a loan of up to 150% of their total savings. If they request for the loan, they submit their request on the app, we check to ensure their KYC documents are complete. If the loan is approved, they will get a request to E-sign. Once they sign, the approved amount is added to their Monibac Balance Apart from loans, they can also lock their savings for a specified period of time. For example; if they save for 3 months, they get 3% of their savings. 6 months, they get 5%. Our Loan Product Tenure- Our tenure ranges from 90 to 180 days. Interest rate for 90 days is 9% Interest rate for 180 days is 15% Loan amount will be capped at N5 million Our interest rate depends on the tenure the customer chose. An example of how this loan and repayment works…. If a customer has N200,000 as total savings, they can get a loan of N300,000. If they take the loan for a period of 3 months, then the 9% interest will be on the principal amount of N100,000 which is 9,000. Therefore, the total payable amount will be N109,000. Since the repayment is monthly, the N109,000 divided by 3 months = N36.333 Our APR is between 30.4% and 36.5% if we use 15% for the 6-month repayment and 9% for 3 months respectively. Eligibility 1. Above 18 years. 2. Lives in Nigeria 3. Have saved on our platform for over 3 months Contact Us Customer service Email> admin@monibac.com Customer service Hotline> 07060953139 Address > Block A211, Sura shopping complex, Lagos Island, Lagos state. ## Key features - Collateral-free loans - Earn interest on savings - Loans up to 150% of savings - Transparent loan terms - Monthly repayment reminders - Lock savings for interest ## Recent user reviews (10 of 26) All indexed reviews: https://appshunter.io/ios/app/monibac/id1670621261/reviews.md ### 1/5 — I hate u *2026-06-21, version 1.6.4* U can allow me to withdraw wicked app ### 1/5 — Scam ! *2026-05-31, version 1.6.4* So I can’t delete my account? ### 1/5 — Thifes , they stole my money *2026-05-11, version 1.6.4* I transfer money from my PalmPay account to my Monibec account 10000 naira, till date I haven’t seen anything. I need my money back. Apple should blacklist this app and any other platforms. Real scammers ### 2/5 — My money *2026-03-29, version 1.6.4* Why can I withdraw my money This project is a scam please avoid it ### 1/5 — Scam!!!! *2026-02-18, version 1.6.4* Why can’t I withdraw my money ???? I have been trying for weeks now and it’s not working!!!!! I need my money back!!! ### 1/5 — Fishy *2025-12-04, version 1.6.4* What is all this why can’t I send to any other back on Monibac user it is unacceptable do something about it ### 1/5 — Unable to make withdrawal *2025-10-27, version 1.6.3* Thought of saving for the future due to the high rates of interest but afterwards I tried to withdraw my money from the account but was unable after several days and weeks. Customer support don’t exist. I won’t recommend anyone to download it 🤦🏽😡😡 ### 1/5 — Possible fraud *2025-10-13, version 1.6.3* I sent money to another Monibac account and was debited without crediting the other account , and I can’t even contact any customer care ### 1/5 — Bad app *2025-09-25, version 1.6.3* Useless app ### 1/5 — Scams *2025-07-29, version 1.6.2* Even unable to add NIN or BVN it keeps saying nonsense do something abour it !!!! ## Frequently asked questions about Monibac ### What does Monibac do? Monibac is a finance app that provides users with access to collateral-free loans and allows them to save money while earning interest. Users can easily deposit, withdraw funds, and receive reminders for loan repayments. ### How can I get a loan from Monibac? To be eligible for a loan, you must be over 18, live in Nigeria, and have saved on the platform for at least three months. After three months, you can request a loan of up to 150% of your total savings. Loan approval involves completing KYC documents and e-signing an agreement. ### What are the costs associated with Monibac? There are no charges on deposits or loans. The app offers loan interest rates based on tenure, with 9% for 90 days and 15% for 180 days. The APR ranges from 30.4% to 36.5%. ### What are the eligibility requirements for Monibac? To use Monibac, you must be over 18 years old, reside in Nigeria, and have maintained savings on the platform for a minimum of three months. These criteria ensure responsible lending and access to financial services. ### How does saving work on Monibac? You can save money on Monibac and earn interest. For example, saving for 3 months yields 3% of your savings, while saving for 6 months yields 5%. You can also lock your savings for specified periods to earn additional returns. ## Version history (last 5 releases) ### 1.6.4 — 2025-12-02 Group savings bug fix ### 1.6.3 — 2025-08-27 Bug fixes ### 1.6.2 — 2025-05-19 Bug fixes ### 1.6.1 — 2025-05-15 Changes the transaction fee at withdrawal. ### 1.6.0 — 2025-01-19 - Save together with people with same goals. ## Apps similar to Monibac | App | Rating | Price | Category | | --- | --- | --- | --- | | [Zedvance: Loans & Bills](https://appshunter.io/ios/app/zedvance-loans-and-bills/id6738697105) | 3.5 (186) | Free | Finance | | [Fast Credit Mobile](https://appshunter.io/ios/app/fast-credit-mobile/id6754325380) | 3.1 (16) | Free | Finance | | [Moniepoint Business Banking](https://appshunter.io/ios/app/moniepoint-business-banking/id1661134941) | 4.6 (15,118) | Free | Finance | | [MoMo PSB](https://appshunter.io/ios/app/momo-psb/id6466779764) | 4.5 (4,786) | Free | Finance | | [P2Vest - Loan & Insurance App](https://appshunter.io/ios/app/p2vest-loan-and-insurance-app/id1532393698) | 3.6 (165) | Free | Finance | | [LAPO Mobile App](https://appshunter.io/ios/app/lapo-mobile-app/id6448030325) | 2.4 (35) | Free | Finance | ## Related topics [umba](https://appshunter.io/ios/topics/umba) · [gogetcredit](https://appshunter.io/ios/topics/gogetcredit) · [snappycredit](https://appshunter.io/ios/topics/snappycredit) · [loan app in nigeria without bvn](https://appshunter.io/ios/topics/loan-app-in-nigeria-without-bvn) · [best loan app in nigeria](https://appshunter.io/ios/topics/best-loan-app-in-nigeria) · [instant loan app in nigeria](https://appshunter.io/ios/topics/instant-loan-app-in-nigeria) · [instant loan nigeria](https://appshunter.io/ios/topics/instant-loan-nigeria) · [hi credit loan app nigeria](https://appshunter.io/ios/topics/hi-credit-loan-app-nigeria) · [loans app in nigeria](https://appshunter.io/ios/topics/loans-app-in-nigeria) · [pro loan](https://appshunter.io/ios/topics/pro-loan) · [nigerian loan app](https://appshunter.io/ios/topics/nigerian-loan-app) · [nigeria loan apps](https://appshunter.io/ios/topics/nigeria-loan-apps) · [loan app in nigeria](https://appshunter.io/ios/topics/loan-app-in-nigeria) · [flexi cash](https://appshunter.io/ios/topics/flexi-cash) · [naira loan](https://appshunter.io/ios/topics/naira-loan) · [nigeria loan](https://appshunter.io/ios/topics/nigeria-loan) · [new credit loan](https://appshunter.io/ios/topics/new-credit-loan) · [new credit](https://appshunter.io/ios/topics/new-credit) · [aella loan app](https://appshunter.io/ios/topics/aella-loan-app) · [ajomoni loan app](https://appshunter.io/ios/topics/ajomoni-loan-app) --- *Data collected daily from the US App Store and indexed by [AppsHunter](https://appshunter.io/). User reviews are verbatim App Store reviews. Ratings, prices and chart positions refresh continuously; this snapshot is from 2026-08-23.*