Comparison

Monibac vs Ultraviolet MFB

Price, ratings, monetisation and update history for both apps, side by side — with what reviewers say about each.

Head to head
About

Monibac

Access collateral-free loans and earn interest on savings. This app allows users to save, withdraw, and get loans up to 150% of their savings after three months. Enjoy transparent loan terms and repayment reminders.

Highlights
  • Collateral-free loans
  • Earn interest on savings
  • Loans up to 150% of savings
  • Transparent loan terms
  • Monthly repayment reminders
  • Lock savings for interest
Features
Read full description

Monibac is an app where you can save and earn interest on your savings, and easily top up and withdraw to your account. Why Monibac? There are no charges on deposits. You earn interest when you lock your savings. You can easily top up and withdraw to your account. How it works Install the Monibac App from the App Store Register your account Start saving Lock your savings for a specified period of time to earn interest. For example, if you save for 3 months, you get 3% of your savings; for 6 months, you get 5%. Eligibility Above 18 years Lives in Nigeria Contact Us Customer service Email: admin@monibac.com Customer service Hotline: 07060953139 Address: Block A211, Sura Shopping Complex, Lagos Island, Lagos State.

About

Ultraviolet MFB

Features
Read full description

Welcome to Ultraviolet Microfinance Bank (UVMFB) Mobile Banking – your secure and convenient digital banking solution. Licensed by the Central Bank of Nigeria (CBN) and insured by NDIC, we provide reliable financial services for individuals and businesses. Key Features: - Instant Money Transfers – Send and receive funds to any Nigerian bank, anytime. - Easy Bill Payments – Pay utilities, buy airtime, and settle subscriptions seamlessly. - Smart Savings Plans – Grow your money with flexible savings options. - Account Management – Check balances, view transactions, and monitor your finances 24/7. - Biometric Security – Fingerprint & Face ID login for enhanced protection. - Cardless Withdrawals – Withdraw cash securely without your debit card. Why Bank with UV MFB? - Trusted & Regulated – Fully licensed by the CBN for secure transactions. - Low Fees – Enjoy affordable banking with minimal charges. - User-Friendly – Simple, fast, and designed for smooth banking. - Dedicated Support – 24/7 customer service via in-app chat or phone. Download now and experience seamless banking with Ultraviolet MFB! Ultraviolet Microfinance Bank – Banking Beyond Limits.

Screenshots

Monibac4 screens
Ultraviolet MFB4 screens

Verdict

The call

Monibac and Ultraviolet MFB are too close to call on the numbers: across 5 compared parameters — price, ads, in-app purchases and device support among them — neither pulls far enough ahead to decide it. What separates them is feature set and interface, not measurable difference.

Scored on Price · Rating · Positive reviews · Number of ratings · Update frequency · Ads · In-app purchases · Monetization · Best chart rank · Devices · Requires iOS

CostPrice · In-app purchases · Ads · Monetization

Both are free to download. Neither carries in-app purchases, so what you see is what you pay.

ScorecardNo meaningful differences
Monibac versus Ultraviolet MFB: the parameters behind the verdict, then further details
ParameterMonibacUltraviolet MFB
PriceFreeFree
Rating2.8 (87 ratings) — better—
Positive reviews17.9% of reviews—
Number of ratings87 — better—
Update frequencyEvery 3 months—
AdsNoNo
In-app purchasesNoNo
MonetizationFree with in-app purchases—
DevicesiPhone, iPad, iPodiPhone, iPad, iPod
Requires iOS15.515.1 — better
Further details — not scored
Size68 MB42 MB
Age rating17+4+
DeveloperPrime Zone LimitedUltraviolet Microfinance Bank Limited

In-app purchases

None

Monibac

No in-app purchases

None

Ultraviolet MFB

No in-app purchases

Questions

Is Monibac free?
Monibac is free to download, with no in-app purchases.
Is Ultraviolet MFB free?
Ultraviolet MFB is free to download, with no in-app purchases.
Do Monibac or Ultraviolet MFB have ads?
Neither Monibac nor Ultraviolet MFB shows ads.

Other comparisons