Renmoney Loan – How to Apply For Loans Without Collateral
Renmoney loan – Step into the world of Renmoney, a Nigerian-tailored Fintech giant that has redefined the lending landscape, captivating the hearts of Small and Medium Scale Enterprises (SMSEs), startups, and individuals alike. Renmoney is a lending powerhouse that offers loans up to a staggering 6,000,000 without the need for collateral or a guarantor.
It’s a feat that seems almost impossible in a country notorious for its challenges with honesty, but Renmoney has cracked the code to ensure the security of its assets, leaving everyone astonished. With a track record of over 200,000 completed loan transactions and a repertoire of products that cater to a diverse clientele, Renmoney stands tall, towering above the competition.
But what sets Renmoney apart from the rest? Trust and viability form the bedrock of their services, assuring clients of a safe and reliable financial partner. The convenience and speed at which they operate are unparalleled, providing timely intervention when it’s needed most.
Their loans are not just a lifeline for entrepreneurs and corporate bodies, but also a beacon of hope for hardworking individuals seeking to achieve their dreams. Renmoney understands the needs of its clients, offering flexible repayments and competitive interest rates that truly add value to their lives.
In this article, we delve deep into the world of Renmoney, uncovering the secrets behind their success and exploring the array of products that have won the hearts of thousands. Get ready to be captivated by a story of financial prowess, innovative thinking, and a commitment to empowering Nigerians to thrive in a world where possibilities are limitless.
Renmoney Loan Requirements
To be eligible for the Renmoney loan, interested applicants are required to provide;
- A recent passport photo
- A Tax ID (optional for individuals, mandatory for businesses)
- You must be between the ages of 22 and 59 years old
- You must be an account holder in any of the 22 commercial banks in Nigeria
- A valid government-issued ID card (Voters’ card, international passport, driver’s license, or national ID)
- A consent letter from your HR (for individuals)
- A recent utility bill e.g PHCN bill, DSTV bill, LAWMA bill, or house rent receipt (to show proof of address)
- Have a verifiable stable monthly salary and a Staff ID (this serves as security for your loan)
- Have a sustainable business
- A clean Credit Bureau (CRMS) report
- Six months statement of account (Must show your stable monthly salary in the correct narrations)
- No returned cheques in six months
- You must reside/work/do business in Lagos
How to Request For RenMoney Loan
To request a loan, follow the steps below;
- Visit the Renmoney Website
- Complete the application form
- Enter your personal details – (Mobile number, Email, BVN)
* You will see a representative/tentative offer.
- Set and re-confirm your PIN
- Provide additional information
- Residential status e.g owner, tenant, with relatives, with friends, etc
- Marital status
- Number of children
- Educational level
- Purpose of loan
- Enter your Address details
- Upload your passport photograph
- Enter your employment/business details
- Provide your 6-month bank statement and enter your bank details
Wait for the disbursement of your loan. Typically the waiting time should be between 1-24 hours. This time is spent reviewing and verifying your inputted details.
Renmoney Customer Care
You can contact Renmoney through any of the following;
Customer Care Line: 0700 7366 6639, 0700 5000 500
Address:
23, Awolowo Road, Ikoyi, Lagos.
hello@renmoney.com
07080672077
| Branch | Address |
| Marina | 27-29 Odunlami Street, Marina |
| Ikeja | Pentagon Plaza, 23 Opebi Road, Ikeja. |
| Lekki | F61 & F62 Road 3, Ikota Shopping Complex, Ikota, Lekki-Ajah. |
| Surulere | Kings Plaza, 80, Adeniran Ogunsanya Street, Surulere. |
Renmoney Loan FAQs
How long does it take to complete a Renmoney loan application?
Not long at all. You’ll have your money in your bank minutes after you provide information that has been successfully reviewed and approved
How much can I borrow and for how long?
You can borrow up to ₦6 million and repay in up to 24 months.
Why was my loan application rejected?
Renmoeny evaluates all the information you provide using a statistically driven lending model and your application most likely didn’t meet their current lending criteria. You can always apply again in the future as we update our algorithms regularly.
How long do I wait before reapplying?
You can apply again in 15 – 30 days, RenMoney usually tells you how long to wait and remind you when you can reapply.
Can I change my repayment from weekly to monthly?
Your repayment method depends on your loan type. If you’re applying as a business owner, your repayment will be scheduled weekly or monthly while your repayment as a salary earner will be monthly. We evaluate the best repayment frequency based on your income.