How to Apply For Loans With Renmoney MFB (Micro Finance Bank): See Renmoney Interest Rate.

Here we will be focusing on how to borrow money from Renmoney Micro Finance Bank Ltd, with respect to investment. No wise man would go to the bank to borrow money to solve or settle personal issues. Borrowed funds should be invested in a business with a possibility of reasonable ROI (Return On Investment), which brings to us. Have you got business ideas but faced with the challenge of funding it. Lack of funds to finance business ideas always seem a like a cog in the wheel between success and failure but nevermind, RENMONEY is here to bridge the gap between you and your dreams though am a bit sceptical about their monthly interest rate if I must confess.

How to Apply For A Loan From RenMoney MFB Ltd.

  1. You should be between 22 and 55 years old.
  2. You must run an account (Current or Savings) with a commercial Bank in Nigeria.
  3. Applicant must live and or work in Lagos State.
  4. You must have a verifiable monthly income.
  5. You must have a clean Credit Bureau Report.
  6. You must not have a history of returned cheques in your account.
  7. One recent passport photograph (within the last 6 months)
  8. Salary bank statement for the last 6 months (must be stamped by the bank). Your bank can send it directly to renmoney at [email protected]
  9. NUBAN Cheque leaves for the duration of Loan (agreed at branch) OR Filled Direct Debit Form
  10. Staff Identification card
  11. Pension OR Tax Identification number
  12. Letter of Employment, Confirmation, Promotion, Redeployment, Salary Increase OR Introduction Letter from Employer’s HR to RenMoney
  13. Utility Bill (PHCN, Water bill, LAWMA bill OR Rent Agreement)
  14. Valid Proof of Identification (current ECOWAS Passport, National Identification, Driver’s License or Voters ID)
  15. Renmoney interest rate is between 4% to 6%

You can take loans to a maximum of N2,000,000.00 and you must be gainfully employed to benefit from our loan products.

You can make an interim application on Renmoney website by visiting

You will get an SMS once your loan has been approved based on your document verification. An email will also be sent to you with details of your Loan and account number. Just make sure you provide all your correct contact information to make the processing of your loan easy. If you have received an SMS, the funds would have been credited into your account.

You can renew your loan immediately you finish repaying an existing loan.

Another check towards abuse of loans is that one cannot apply for more than one loan at the point of your application, but you can apply for a top up loan after making one third installments on your current loan. A top up loan is an additional loan request that is added to your existing loan.

Please note that you cannot apply for multiple loans

Renmoney Contact Addresses

Head Office: 89, Awolowo Road
Ikoyi, Lagos, Nigeria.

Surulere Office: Kings Plaza, 80,
Adeniran Ogunsanya Street,

Opebi Office: Pentagon Plaza, 23 Opebi
Road, Ikeja.

Lagos Island Office – 50 – 52, Broad Street, Lagos in CSS Bookshop House

Apapa Office: No. 13, Park Lane,

Call Center: [email protected]

Goodluck in your application…

15 thoughts on “How to Apply For Loans With Renmoney MFB (Micro Finance Bank): See Renmoney Interest Rate.

  1. Good day sir, i have been approved for a loan from your company,but i was ask to stamp the ‘DDM’ form from my bank ‘sky’, but my bank said they need a reference letter from your investment before any stamping on any ‘DDM’ form. what do i do. GODWIN LAKA

  2. Sir, good morning. i am mike uyi omobude by names. ceo Uyibellga farms and entertainment registered under cooperate affair commission..CAC..since 19/9/2015..and tax vat payd.. sir we are stil under goin expansation,an we need this loan to grow our farms and xporting agricultural business, and we hole a large farm land in Edo state as our property and office base in ajah langbasa lagos for contact address..our [email protected]…thank you

  3. Hi, I want to know how long and how much I will be paying back monthly if I collect up to #500,000 or #1000000 lone, as well as the terms and conditions to apply thanks.

  4. Good evening,
    Pls I want to find out if renmoney also give loan to self employed person. I run a barbing Salon and also a business centre, I am also into home tutoring for students.i just needed this loan to increase my out put,I have all the requirements expect that am managing my own are also feel to come check my office.
    I hope to hear from you sir.

  5. Hi, I need a loan to run my transportation business though am working but due to the nature of my job as a driver, I work as a pull driver some times in a week I will up to three four days off . I need money to buy a bus so during those off days I can do my business.

  6. Goodafternoon. i am aware of RENMONEY Target savings how does it go pls. Also, if i should save my money lets say from May-December this year, is there an interest rate on it? and can i apply for a loan. Pls explain. Thanks. Victoria.

    1. If you want to apply for loan with RENMoney, you will have to visit any of their offices closest to you for better clarification. Am optimistic they have packages for your category

  7. Please i need a loan to rent an office place for my business. i met all your stated requirements, except that i am self-employed. i just got a distributorship offer from a company operational here in Lagos, and one of the conditions is that i get an operational office place. Please do you have any program for self-employed small scale businesses? Please i need your precise and detailed response. Thanks.

    1. Hello Mr Kennedy, On How to apply for loans with Renmoney Micro Finance Bank, your case seems a bit special, you will have to go to their office close to you so to get better clarification. Thanks.

  8. I need loan to increase my production capacity. Produce consumable. I. Operate a corporate account with a commercial Bank in Nigeria. What are your requirement for corporate loan. Best regards Balogun Kola.

    1. Greetings Mr Balogun, you need to apply in person to renmoney for loan application. They have their offices on the mainland and island. There you will be able to speak with their customer service staff. Regards.

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