MoneyClub is an innovative loan app designed specifically for Android smartphones. This convenient and reliable platform offers fast, online loans in Nigeria without the need for collateral.
MoneyClub aims to help users bridge spending gaps and meet their financial needs with ease.
Loan Service Rates and Terms
With MoneyClub, users can borrow amounts ranging from ₦10,000 to ₦200,000. The loan terms are flexible, with the shortest term being 180 days and the longest extending to 365 days.
MoneyClub’s maximum annual interest rate (APR) is set at a competitive 12%.
Loan Example
To illustrate how MoneyClub loans work, let’s examine a 12-month loan for a principal amount of ₦50,000:
- Installment plan: 12 months
- Principal: ₦50,000
- Interest rate: 12%
- Amount of money borrowed: ₦50,000
- PMT (monthly payment amount): ₦4,666.7
- Total interest: ₦6,000
- Total amount: ₦56,000
- Total interest rate: 12%
Simple Steps to Get a Loan
Applying for a loan with MoneyClub is incredibly simple and takes only seconds:
- Create an account.
- Apply for a loan.
- Receive the loan directly into your bank account.
- Increase your loan limit every time you repay a loan.
Eligibility Criteria
To use MoneyClub’s loan service, applicants must:
- Be Nigerian citizens.
- Be at least 18 years old.
- Provide valid documents and proofs.
Company and Loan Details
| Company | MoneyClub |
|---|---|
| Interest rate | 12% (Maximum annual interest) |
| Loan period | 180 to 365 days |
| Loan amount | ₦10,000 – ₦200,000 |
| Contact | ucpayment03@gmail.com |
Get in Touch
MoneyClub is dedicated to providing an easy and secure loan experience for Nigerians.
If you have any questions, feedback, or concerns, please do not hesitate to reach out to them via email at ucpayment03@gmail.com.
