RENMONEY REVIEW – HOW RENMONEY WORKS

The Review will let you know what is it you need to know about RenMoney before you apply for a loan from them.

It is known to be the first MFB (Micro-Finance Bank) to have launchs technology of Cloud services with a minimal and fixed asset Nigerian investment.

RENMONEY

The RenMoney financial loan platform has several beneficial packages or product such as:

  • Cash Loan
  • Fixed Deposits
  • Target Savings
  • Smartphone Financing,
  • Loan@Work,
  • School Fees Loan
  • POS (Point-of-Sale) Loan.

The RenMoney Review MFB (Micro-Finance Bank) limited which was formerly known as RenCredit happens to be a finance type of consumer’s organization that was founded in 2012 at Lagos under Microfinance bank unit with professionalism in providing a solution for simple money.

WHERE IS RENMONEY LOCATED?

The MFB (Micro-Finance Bank) limited upgraded to having a state license to be able to operate at multiple LAGOS locations such as:

  • Apapa
  • Ikeja
  • Ikota
  • Lagos Island
  • Surulere

It has a limit and has over 400 staff and more than 24,000 customers as they have a very trusted platform with functionalities that guarantees efficient operation.

HOW RENMONEY WORKS

RENMONEY CASH LOAN

RenMoney MFB (Micro-Finance Bank) limited offers to their customer’s loans of up to N 4000,000 for a duration of about 3-9 months that do not require any documentation or collateral what so ever. The following are criteria to be met;

  • The age range of between 22-59 years of age
  • Applicant must have a steady income source that can be verified
  • The applicant must be a staff confirmed at present place of work
  • Applicant must possess either active savings or current account
  • Applicant must have a valid identification mean

For more info about this, visit: https://renmoney.com/loans/cash-loan/

RENMONEY SMARTPHONE FINANCE

It has made good partnerships with mobile service providers to be able to offer to finance of smartphones to individuals who are interested, and payback on a 12-month convenient installment duration.

For more info about this, visit: https://renmoney.com/loans/smartphone-finance/

RENMONEY LOAN@WORK

The RenMoney MFB (Micro-Finance Bank) limited Loan@work scheme is offered at Organizations who love to sign up a Memorandum of Understanding as to allowing to offer loans to its employees of not less than 30 or thereabout and deduct it at ease and seamlessly.

For more info about this, visit: https://www.renmoneyng.com/loans/loanwork-loans/

RENMONEY SCHOOL FEES LOAN

It uses this medium to offer financed educational opportunities to both kids and adults or students of varying educational status and likewise repay at a monthly convenient installment.

 The following are criteria to be met;

  • The age range of between 22-59 years of age
  • The applicant must have a steady income source that can be verified
  • Also, the applicant must be a staff confirm at the present place of work
  • Applicant must possess either active savings or current account
  • They must have a valid identification mean

For more info about this, visit: https://www.renmoneyng.com/loans/school-fees-loan/

RENMONEY POS LOAN

This scheme allows for applicants to be able to buy household appliances at its partnered outlets (i.e. Thermocool) products such as;

  • Refrigerator
  • Generators
  • Television set
  • Air conditioners etc

And then add a repayment option which would be easy.

For more info about this, visit: https://renmoney.com/pos-loan-2/

RENMONEY FIXED DEPOSIT

RenMoney offers an investment option for individuals that would love to grow their savings by allowing them to invest a minimum of N 250,000 to obtain cumulative interest rates over an agreed duration.

For more info about this, visit: https://renmoney.com/invest/fixed-deposit/

RENMONEY TARGET SAVING

This scheme offered by this allows for individuals to be able to have a savings plan towards achieving a specific goal. All they just need do is filling an agreement form covering how much they would me saving monthly and to what duration of time that deduction would be concurrently deducted from their account.

For more info about this, visit: https://renmoney.com/invest/target-savings/

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