Information About MoneyBay Loan App
MoneyBay App is willing to support business owners as they expand their enterprises and also as help individuals with urgent needs like unpaid utility bills, car repairs, and family emergencies. you’ll meet these urgent needs thanks to the instant credit we offer.
On MoneyBay, there’s no lengthy wait, no lengthy line, and no requirement for collateral. you simply need a smartphone to access instant money that is deposited directly into your bank account.
Condition of Application
1. 18 years old or older
2. Residents of Nigeria
3. Having a uniform source of income
Reasons to use MoneyBay
1. Various loan amounts available
2. Low-interest rate
3. a completely online process with simple steps
4. No additional fees
5. Safeguarding all of your personal data
Download MoneyBay first
2. Create a profile using your telephone number.
3. Complete the specified information.
4. Submit the appliance, and 5. Await acceptance
1. Loan amounts range from 7,000 to 100,000 NGN.
2. 91 to three hundred and sixty-five days for loans.
3. The Annual Percentage Rate (APR) ranges from 10% to 25%.
3. Completely online application and 24/7 access to loans
4. No credit history is important
Please note that penalties are only applied when someone misses a payment deadline.
If the loan amount is ₦20,000 for 91 days (3 months), the APR is 20%, the interest and total amount to pay on the maturity is
Interest: ₦ 20,000 * 20% / 365 * 91 = ₦ 997
Principal repayment = ₦20,000
Total amount of repayment: ₦20,000 + ₦997 = ₦20,997
As the repayment period is for 3 months:
Monthly repayment is ₦20,997 / 3 = ₦6,999
A 256-bit SSL encryption is employed to protect all of the transactions. the knowledge we collect from customers is secure. we cannot divulge any customer information to any other outside departments.
Customer Service Email: [email protected]
Address: Plot 22, Odebiyi Street, Surulere, Lagos, Nigeria, 102214 Receive your loan
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