MoneyBay is a professional lending platform for mobile users in Nigeria.
MoneyBay is willing to support business owners as they expand their enterprises as well as help individuals with urgent needs like unpaid utility bills, car repairs, and family emergencies. You can meet these urgent needs thanks to the instant credit we offer.
On MoneyBay, there is no lengthy wait, no lengthy line, and no requirement for collateral. You only 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 consistent source of income
Reasons to use MoneyBay
1. Various loan amounts available
2. Low interest rate
3. An entirely online process with simple steps
4. No additional fees
5. Safeguarding all of your personal data
Ways to APPLY
Download MoneyBay first
2. Create a profile using your phone number.
3. Complete the required information.
4. Submit the application, and 5. Await acceptance
Product Attributes
1. Loan amounts range from 7,000 to 100,000 NGN.
2. 91 to 365 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 necessary
Please take note that penalties are only applied when someone misses a payment deadline.
Example:
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 due date 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
Security
A 256-bit SSL encryption is used to protect all of the transactions. The information we collect from customers is secure. We won't divulge any customer information to any other outside departments.
Customer Service Email: help@MoneyBayng.com
Address: Plot 22, Odebiyi Street, Surulere, Lagos, Nigeria, 102214
On MoneyBay, there is no lengthy wait, no lengthy line, and no requirement for collateral. You only 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 consistent source of income
Reasons to use MoneyBay
1. Various loan amounts available
2. Low interest rate
3. An entirely online process with simple steps
4. No additional fees
5. Safeguarding all of your personal data
Ways to APPLY
Download MoneyBay first
2. Create a profile using your phone number.
3. Complete the required information.
4. Submit the application, and 5. Await acceptance
Product Attributes
1. Loan amounts range from 7,000 to 100,000 NGN.
2. 91 to 365 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 necessary
Please take note that penalties are only applied when someone misses a payment deadline.
Example:
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 due date 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
Security
A 256-bit SSL encryption is used to protect all of the transactions. The information we collect from customers is secure. We won't divulge any customer information to any other outside departments.
Customer Service Email: help@MoneyBayng.com
Address: Plot 22, Odebiyi Street, Surulere, Lagos, Nigeria, 102214
