Money in Minutes: Your One-Stop Shop for Quick and Easy Loans in Nigeria
In Nigeria, where financial emergencies can arise unexpectedly, having access to a reliable and efficient loan app can be a lifesaver.
This is where Money in Minutes comes in, offering a seamless and convenient platform for users to access quick and affordable loans.
Money in Minutes is a licensed and regulated loan agency operating under the Central Bank of Nigeria’s guidelines. This ensures a safe and secure borrowing experience for users.
Loan Products and Services
The app offers a variety of loan products to cater to diverse needs:
- Quick Loan: Get instant loans of up to ₦150,000 for urgent needs.
- Salary Advance: Access up to 50% of your salary in advance to bridge any financial gaps.
- Elite Loan: Borrow higher amounts of up to ₦5 million with flexible repayment options.
- Credit Builder: Build your credit score with small, easily repayable loans.
- SME Business Loan: Get funding to support your small business growth.
- Visa Application Finance: Secure funding for your visa application.
- Energy Loans: Access loans to cover your energy bills.
Eligibility Criteria
To be eligible for a loan, you must:
Be a Nigerian citizen residing in Nigeria.
Be at least 18 years old.
Have a regular source of income.
Have a valid bank account.
Provide basic KYC documents.
Interest Rates and Fees
Interest rates at Money in Minutes are competitive and transparent. They also offer various fee structures to suit your needs. You can easily calculate your loan repayment amount using their online calculator.
Repayment Terms and Conditions
Money in Minutes offers flexible repayment terms ranging from 3 months to 36 months. You can choose a repayment plan that fits your budget and financial situation. They encourage timely repayments and offer rewards for good credit behaviour.
Customer Service
Money in Minutes provides dedicated customer service to assist users with any inquiries or concerns. They can be reached through their website, email, or social media.
Loan Application Process
Applying for a loan is quick and easy with Money in Minutes:
- Download the app and register with your details.
- Select your desired loan product and amount.
- Upload your required KYC documents.
- Submit your application and receive a quick decision.
- Upon approval, the loan amount will be disbursed directly into your bank account.
Loan Repayment Options
You can conveniently repay your loan through various options, including:
- Bank transfer
- Debit card payment
- Online payment platforms
FAQs
What is the minimum loan amount I can borrow?
The minimum loan amount depends on the chosen product, ranging from ₦5,000 to ₦5 million.
How long does it take to get my loan approved?
Loan approvals are typically processed within minutes of submitting your application.
Are there any hidden charges?
No, all fees and charges are transparently displayed before you apply for a loan.
What happens if I miss a loan payment?
Late payments may incur penalties and affect your credit score. It’s best to communicate with customer service if you foresee any difficulty making a payment.
Also Read: GoLoan: A Comprehensive Guide to Your Loan Needs in Nigeria
