Renmoney – All You Need to Know Before Getting That Loan

Last Updated on Dec 11th, 2023

The Renmoney app is a loan app in Nigeria that fast-tracks loan applications and credit disbursements. It collects information seamlessly, verifies loan applications, and disburses money within 24 hours. The app is available on both playstore and appstore. You can easily download Renmoney loan app from the play store.

How to Apply For Loan On Renmony App

  1. Visit the Renmoney website.
  2. Click on the “Loan” section of their website.
  3. Fill and complete the loan application form.
  4. Create an account (if you don’t have one) or sign in with your Renmoney account.
  5. Please upload your documents. You will need to include your ID, proof of address, and bank statement.
  6. Wait for your loan application to be reviewed. It can take between a few minutes to 24 hours for your loan request to be fully processed.
  7. If your loan is approved, you will receive a credit alert in the bank account provided on your profile.

Renmoney microfinance bank has a team of diverse executives with experience from multiple industries who work together to deliver the best to its customers.

What Are the Renmoney Loan Requirements?

To qualify for a loan from Renmoney, you must meet the following criteria:

  1. Age: You should be between 18 and 59 years old.
  2. Income: You must have a verifiable source of income.
  3. Location: You need to reside and/or work in the cities where Renmoney operates.
  4. Bank Account: You should have a savings or current account with any commercial bank.
Renmoney app

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How to Repay the Renmoney Loan?

To repay your loan with Renmoney, you can follow these methods:

  1. Through card payments or direct debits
    • Ensure that your account has sufficient funds on the due date.
    • If you’ve set up card payments or direct debits, Renmoney will automatically debit you for your repayment.
  2. Transfer directly
    • Transfer the repayment amount directly into your Renmoney account.
    • Use the “Repay Now” option on the Renmoney platform to initiate the repayment process.

You can reach Renmoney customer care by emailinghello@renmoney.comor call0700 5000 500.

Is Renmoney A Reliable Loan App?

Yes, Renmoney is a reliable loan app. The Central Bank of Nigeria (CBN) regulates it. The Nigeria Deposit Insurance Corporation (NDIC) insures it. Customers can trust this financial institution because it is secure and regulated.


Renmoney is a convenient and efficient way to access loans in Nigeria. Renmoney offers various loan options. The application process is simple. We can help you quickly meet your financial needs. Before accepting the loan, review the loan terms and conditions carefully. Make sure you can afford the monthly repayments.

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