With Menofund Instant Loans, you can have access to up NGN100,000 non collateralized micro Loan to attend to urgent personal or business financial needs that may come up from time to time.
The information provided in this article concerning this app is based on information available from the owners of the app.
Menofund is the leading web/mobile app for instant non collateralized micro Loans for Nigerians.
New Customers can register and receive loans in less than 5 mins after completion of the one time new User Verification. All transactions are powered and secured by Menofund financial partners (a licensed Payment Gateway and a Commercial Bank).
Menofund is powered by Meno Finance Ltd, a licensed money lending company in Nigeria. Meno Finance Ltd partners with local and international investors to deliver premium fintech solutions and services across Nigeria and West Africa.
Features Of Menofund Loan
– 61 Days interest rate = 30%
– Minimum period of Repayment = 61 Days
– Maximum period of Repayment = 90 Days
-Maximum Annual Percentage Rate (APR) = 50%
Example of Menofund Loan
–Borrow N100,000
-Interest after 61 Days = 30%
-Pay back after 61 Days = N100,000 + (30%) = N130,000
Privacy policy Of Menofund Loan
Follow the link below to view the privacy policy of Menofund loan.
https://www.menofund.ng/#/privacy
Steps to Get Menofund Loan:
–Download Menofund app
-Register on the app using the phone and email that is linked to your income bank account
-Check your inbox or spam for Menofund Verification Email
-Follow the one time new user verification process stated in the Verification Email
-Login to app to borrow money based on your credit limit
-Pay back loan within stipulated period
-Ensure that you never attempt to Register more than once to avoid blacklisting
-If you are a new User, your Credit Limit will remain 0 until your one time new user verification process is approved by Menofund and this may take up to 48hrs after you have completed the new user verification process.
For more details please visit www.menofund.ng/#/faq
Menofund enables all verified Users to receive Loans in their accounts instantly within 5 mins after a Loan request. After a new User registration, please ensure that you follow the one time verification process that is sent to your Email Inbox. You may see this Email in your Spam.
Approval for your one time new user verification may take up to 48 hours after you have completed the verification process
Menofund Loan – Feedbacks From Customers
Many customers who use Menofund Loan service’s comment that it works well and are happy with it.
However,. Some Customers who use Menofund Loan app complain that it malfunctions sometimes, Making registration difficult for them.
In conclusion the above information about MenofundLoan app is provided to assist you when you have need for loan to enable you weigh this against other options open to you so as to take an informed decision