# Monthly NG - Quick Rent Loans — Up to 5million naira in 24 hrs

> Collateral-free rent financing for Lagos residents, paid directly to landlords. (iPhone/iPad app by INSTALMENT SOLUTIONS LIMITED.)

- Source: https://appshunter.io/ios/app/monthly-ng-quick-rent-loans/id1634279024 (this page in markdown: same URL + `.md`)
- Developer: [INSTALMENT SOLUTIONS LIMITED](https://appshunter.io/developer/1631840464)
- Category: Finance
- Price: Free
- Rating: 2.71/5 from 21 App Store ratings · 6 written reviews indexed
- Age rating: 4+
- Requires: iOS 13.0 · 49 MB
- Languages: English
- Released: 2022-07-18
- Data updated: 2026-06-10
- Monetization: free
- User reviews in markdown: https://appshunter.io/ios/app/monthly-ng-quick-rent-loans/id1634279024/reviews.md

## What is Monthly NG?

PLEASE READ REQUIREMENTS FIRST:


- 18 or over
- Earning at least ₦100,000 a month
- Living & Renting in Lagos, Nigeria

ABOUT THE APP

We pay your landlord, you pay us back…monthly. Easy-access, zero-collateral financing with a fixed monthly interest rate tailor-made for YOU and your pockets

Get Pre-approved in 24 hours 
Sign up and enter your information to help us get to know you and your unique financial situation. Let us know how much you need and how long you want to pay back for. Get a verdict in just 24 hours. 

Lowest Interest Rates 
The faster you pay back, the cheaper it is. Interest on your rent financing is calculated on your balance remaining as opposed to your total initial finance amount.

Zero Collateral, Zero Cosigner
You do not need to submit any form of collateral or need to have a guarantor or cosigner. 

Zero Harassment
We will never compromise your dignity or privacy. We understand that life happens and sometimes you can’t make payments exactly when you want to. We will never harass your colleagues or family. 

Make payments through the app
Simply open the app to easily make payments when due or earlier through direct pay or to notify us when you’ve made a bank transfer.

## Key features

- Collateral-free financing
- Zero guarantor required
- 24-hour pre-approval
- Fixed monthly interest rates
- Direct landlord payments
- In-app payment processing

## Recent user reviews (6 of 6)

All indexed reviews: https://appshunter.io/ios/app/monthly-ng-quick-rent-loans/id1634279024/reviews.md

### 2/5 — Code

*2025-02-17*

Why you poeples don’t send code?

### 1/5 — Scam Alert

*2025-02-10*

Na your info them dey find ooo no use them ooo

### 5/5 — Scam alert

*2025-01-04*

Requested for loan you guys said 1working days now it going to 6working days now nothing, if you think you can get hold of money in my bank true bvn shi shi una no fit see lol, we need to bring down this app

### 1/5 — About your loan

*2024-02-09*

You guy why na how can’t you borrow persona 10k why 200k that means you guys are into something else

### 1/5 — Horrible

*2023-10-22*

Just horrible

**Developer response:** Hello,

We regret any inconvenience you've encountered. However, we have been unable to locate any records of your app usage within our system. To assist you further, could you kindly share additional details with us via email at support@monthly.ng, we will promptly provide you with more comprehensive feedback.

### 5/5 — Great Product

*2022-08-11*

I had a great experience with monthly, they were constantly in communication through the loan process, were quick and delivered excellent service.

**Developer response:** Hi Adebola, Thank you for your review!

## Frequently asked questions about Monthly NG

### What are the eligibility requirements for Monthly NG?

To be eligible for Monthly NG, you must be 18 years or older, earn at least ₦100,000 per month, and be currently living and renting in Lagos, Nigeria.

### How quickly can I get approved for a loan with Monthly NG?

You can get pre-approved for a loan within 24 hours after signing up and providing your information. The app aims to give you a verdict quickly.

### Does Monthly NG require collateral or a guarantor?

No, Monthly NG offers zero-collateral and zero-cosigner financing. You do not need to submit any collateral or have a guarantor to apply.

### How are interest rates calculated on Monthly NG loans?

Interest on your rent financing is calculated on your remaining balance, not the total initial finance amount. The faster you pay back, the cheaper it becomes.

### What happens if I have trouble making a payment with Monthly NG?

Monthly NG states they will never harass your colleagues or family if you cannot make payments exactly when planned. They prioritize your dignity and privacy.

### How can I make payments through Monthly NG?

You can make payments directly through the app when they are due or earlier. Options include direct pay or notifying them after making a bank transfer.

### What is the user rating for Monthly NG?

Monthly NG has a user rating of 2.7 stars based on 21 ratings.

### When was Monthly NG last updated?

The latest version of Monthly NG, 1.1.8, was last updated on May 8, 2023.

## Version history (last 5 releases)

### 1.1.8 — 2023-05-08

Improved stability and performance.
Enhanced user interface with a fresh new look and feel.

### 1.1.6 — 2023-03-16

Redesigned UI.

### 1.1.5 — 2023-03-08

Refreshed the UI.

### 1.1.2 — 2023-02-11

Minor UI Changes

### 1.1.1 — 2023-02-07

Minor improvements.

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*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 2026-06-10.*