Review
Very good 😺
Great
Great app with speed and good functionality
service
Great and trustworthy service
Mr
Very early and accessible application process
Mine
It’s fast and reliable
Archived App
This is an archived listing of the app previously available on the App Store.Although the app is no longer distributed by Apple, you can still view its description, screenshots, version history, ratings, and metadata for reference.
Details
About
Access quick personal or business loans with flexible repayment options. The app also offers secure savings and investment opportunities with attractive interest rates. Get funds in your account within minutes with a simple, paperless process.
✓Quick loans up to ₦6 million
✓Flexible repayment terms (3-24 months)
✓Funds in bank account within minutes
✓No collateral or guarantor required
✓Secure savings and fixed deposits
✓Earn up to 13% interest per annum
Show original description
What users say
Summarized from real user reviews of Renmoney MFB. Based on 748 reviews and a 3.8/5 average, it highlights the 5 positives and 5 negatives reviewers mention most about this Finance app.
Positive things
- 🚀Fast and reliable
- 👍Easy and simple to navigate
- 🔒Trustworthy and secure
- 💡Innovative features
- 👍Good customer service
Negative things
- 🐛App malfunctioning
- 🐛Delayed loan approval and disbursement
- 🐛Account blocking issues
- 🐛Poor customer support
- 🐛Unreliable loan application process
What's New in Renmoney MFB
3.2.10
March 22, 2023
What's New? Everything! We're on a mission to make finance more simple and useful for you - here's how that played out in the new Renmoney app: ⊛ Up to 18% p.a on savings & deposits: ⊛ Convenient & instant loans: ⊛ Bill pay, airtime & data: ⊛ Pin change: ⊛ Loan Repayment: ⊛ Referrals: ⊛ No small print: ⊛ Minimalist & intuitive: ⊛ 24/7 support: ⊛ Cards
MoreUser reviews
User experience
🐞
Reported Bugs
4 issues
Loan application getting stuck in review
Account being blocked for no reason
✨
Requested Features
4 requests
Faster loan approval and disbursement
Feature
Improved customer support
Feature
FAQ
What is Renmoney?
Renmoney is a fintech lending company operating under a Microfinance Bank license in Nigeria. It offers personal and business loans, as well as high-interest savings and fixed deposit accounts. The company is regulated by the Central Bank of Nigeria (CBN) and its deposits are insured by the Nigeria Deposit Insurance Corporation (NDIC).
How can I get a loan from Renmoney?
To get a loan, you need to download the Renmoney mobile app, share some personal information, and verify the details provided. Once approved, the money will be deposited directly into your bank account. The process is designed to be fast, convenient, and requires no paperwork or collateral.
What are the interest rates and repayment terms for loans?
Loans range from ₦6,000 to ₦6,000,000 and can be repaid over 3 to 24 months. Monthly interest rates range from 2.4% to 9.33%, with a maximum Annual Percentage Rate (APR) of 35.76%. There are no hidden charges, and all loan terms are clearly presented before you commit.
Can I save or invest money with Renmoney?
Yes, Renmoney offers savings and investment options. You can set up a 'Smart Goal' to save towards specific milestones or a 'Save Easy' plan for convenient saving. Fixed deposit accounts are also available for investing money for a fixed duration. Both options offer attractive interest rates, with savings and deposits earning up to 13% interest per annum.
Is my data secure with Renmoney?
Renmoney prioritizes customer information security and privacy. The app is developed using the best security and privacy standards to ensure absolute data security. When you download the app, permission will be requested to verify personal and financial information, and your data will not be shared with third parties without your consent.
