Best Personal Loans In Nigeria

2. Renmoney

In their many years of existence, Renmoney has built a brand based on reliance and legitimacy. This is true because Renmoney loans are easy to access and their loans are suitable for both individuals and small businesses. Renmoney loan term usually ranges between 3 months and 24 months. In addition, they offer an interest rate between 2.5% – 7.5%.

Requirements 

To obtain Renmoney loan, here are the requirements you’ll have to meet:

• Loan applicants must be between the ages of 18 – 56 years old.
• A Bank Verification Number (BVN) is needed.
• Your phone number should be readily available.
• You should have a commercial bank account available.
• Applicants should possess at least 4 months of verifiable income source.
• Individuals should have a valid means of identification (Driver’s License, Voter’s Card, or Government Issued ID).
• Applicants must possess a bank Statement
• You must have a valid utility Bill (Cable TV subscription bill, water bill, light bill or any valid proof of address).

Pros Of Obtaining Personal Loans With Renmoney 

Here are the merits of applying for Renmoney loans:

• The loan amount available for first-timers to obtain is high.
• They offer quick disbursement of loan funds to applicants account.
• There is no need for collateral or guarantor when obtaining Renmoney loans.

Cons Of Obtaining Loans With Renmoney 

The following are negatives of obtaining personal loans with Renmoney:

• Renmoney loan application possess may be hectic.
• Interest rate may be high for first time loan seekers.

How To Apply

To apply for the Renmoney personal loan, go to the Renmoney loan website or call 0700 5000 500.