Moni: Savings & Loans 2.0.9

Moni: Savings & Loans 2.0.9

Rank Capital Inc. – Freeware – iOS
out of 5 votes
Latest Version
2.0.9
image/svg+xml VERY GOOD User Rating

Access a variety of financial solutions on Moni. Earn competitive interest rates on your savings and take advantage of short and long-term business loans. Your savings are securely stored in Moni Vault, with loans disbursed within minutes through Moni Float.

What does saving on Moni entail?

  • Create a flexible, targeted, or fixed savings plan on Moni with interest rates ranging from 7% to 21%.
  • Start saving with as little as N100 daily, weekly, bi-weekly, or monthly.
  • Automate your savings schedule and receive timely notifications.
  • Activate your Moni Wallet to contribute to your savings plan.
  • Work towards achieving multiple savings goals without any additional fees or charges.
  • Secure a lump sum in Reserve for a minimum of 3 months and earn up to a 21% interest rate.
  • Enjoy instant withdrawals and cultivate a habit of saving.
  • Receive instant technical support within the app for any assistance needed.

Saving on Moni is user-friendly. Begin in 3 simple steps:

  1. Download the Moni app
  2. Provide necessary information to set up your profile
  3. Create your customized savings plans

An illustration of a Moni Savings Plan:

  • Create a Reserve Plan: Lock away funds to curb spending impulses
  • Set duration for 1 year
  • Opt to withdraw interest at maturity
  • Fund the plan with N1,000,000
  • After 1 year, withdraw N1,210,000

Moni Loan:

  • To access a Moni Loan, membership in a Cluster is required.
  • Loans are accessible to Cluster businesses using unique Cluster codes.
  • No collateral or guarantees are needed.
  • Borrow between N50,000 - N3Million once your Cluster membership request is approved and business performance reviewed.
  • No hidden fees or charges; loan terms are transparent.
  • Select a loan tenure of up to 12 months with competitive interest rates ranging from 24% to 35.36% APR.
  • The eligibility amount grows with an increase in OTR (on-time repayment rate).
  • Benefit from social accountability within your Cluster businesses.

The Moni loan application process:

  1. Download the Moni app and sign up with your phone number and email address.
  2. Request to join a Float cluster
  3. Provide pertinent information about your business for loan eligibility review.
  4. Begin accessing float to enhance your business growth.

Moni’s Interest Rate and Loan Repayment:

  • Avail loan amounts between N50,000 - N3Million without requiring collateral or guarantees.
  • Repay over a maximum period of 12 months with an Annual Percentage Rate (APR) between 24% and 35.36%.

An example of a Moni Loan:

  • Loan Amount: N2,000,000
  • Loan Tenure: 24 weeks
  • Repayment Schedule: Weekly
  • Weekly Interest Rate: 0.6%
  • Weekly Repayment: N95,333
  • Total Amount Payable: N2,288,000
  • APR: 31.2%</l
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Overview

Moni: Savings & Loans is a Freeware software in the category Business developed by Rank Capital Inc..

The latest version of Moni: Savings & Loans is 2.0.9, released on 09/27/2024. It was initially added to our database on 09/27/2024.

Moni: Savings & Loans runs on the following operating systems: iOS.

Users of Moni: Savings & Loans gave it a rating of 4 out of 5 stars.

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