Formoney is a trusted personal finance app in Nigeria, offering quick, secure loans up to ₦600,000. With transparent terms, it ensures easy access, reliable support, and nationwide coverage.
Operating system

Report This App


Have you ever felt the need for a quick and convenient solution to address urgent financial situations in your daily life? Formoney will be such a reliable companion for you.

Using the Formoney app makes personal loan borrowing easier than ever. Within minutes, you complete the registration process and receive the loan amount in your bank account. Notably, Formoney offers a loan limit of up to ₦600,000 with reasonable interest rates. The app is committed to ensuring the security of your personal information and supports all provinces in Nigeria. Download the Formoney App now and experience the convenience and reliability the app brings to you.

Basic information about the loan

Below is the information about the loan product on the Formoney app for reference, including:

  • Loan terms from 91 to 365 days.
  • Interest rates from 18% to 35% APR (Annual Percentage Rate).
  • Loan amounts from ₦6,000 to ₦600,000.
  • No other fees, no hidden fees.

Example of loan cost calculation

For example, when borrowing ₦9,000 over 6 months at an annual interest rate of 18%, the total interest to be paid is ₦799. The monthly payment will be ₦1,633, and the total amount to be repaid is ₦9,799.

Registration process on the Formoney App

Mandatory loan requirements

  • Users must be aged 18 to 60 Must be Nigerian citizens, residing and working within the country
  • Need to have a functioning bank account and personal phone number
  • Require a stable income to ensure timely repayment ability
  • Use a phone with an internet connection to download and install the app.

Loan registration steps

Step 1: Download the Formoney APK/IOS app from Additionally, you can also download the app on the Play Store or apply for a quick loan on the website.

Step 2: Fill in your personal information on the app interface form.

Step 3: Await assessment from the Formoney team (usually within 1 hour).

Step 4: When the loan application is approved, the loan amount will be transferred to your bank account.

Note: If you have not received a successful registration notification within 24 hours, it means your registration has failed, and you need to find another app. Ensure that the registration information on the app is complete and accurate.

Benefits of using the Formoney App

Using the Formoney app brings several attractive benefits, including:

  • Quick registration and loan application process, with funds received within minutes.
  • Loan limit of up to ₦100,000 for the first time, enabling better financial solutions.
  • Competitive and transparent interest rates, ensuring credibility.
  • No hidden fees, with all fees disclosed before applying for a loan.
  • Ensured safety of your personal information, with no selling of debt to third parties.
  • Formoney supports all provinces in Nigeria, allowing registration anytime and anywhere.
  • Early repayment options for easy re-borrowing.
  • Swift and effective resolution of urgent financial situations.

Loan repayment options on the app

The steps for loan repayment on the Formoney app include:

Step 1: Open the Formoney app and log in to your account using your personal credentials.

Step 2: Find and select the loan you want to repay from your list of loans.

Step 3: Enter the amount you wish to pay, then confirm the transaction and wait to see if your transaction has been processed successfully.

Note: Formoney app offers various payment methods, such as bank transfers, e-wallets, etc. Choose the most suitable method for you.

Contact information for Formoney

Contact Formoney through the following information:

  • Email: [email protected]
  • Website:
  • Office Address: 1st Floor, 13 OSSE Street, Abuja, Nigeria.

If you need assistance or have any questions, complaints about the app or Formoney’s financial services, you can contact via email or visit the address for the best support.

Notes on registering with the Formoney App

Here are some important notes to consider when registering on the Formoney app, including:

  • Ensure that you provide accurate and authentic personal information during the registration process to avoid verification and security issues.
  • Use a strong password and do not share it with others. This helps protect your account from unauthorized access.
  • Before applying for a loan, carefully review the repayment terms and conditions to ensure you understand the fees and interest rates.
  • If you plan to re-borrow in the future, ensure timely payments and monitor your repayment schedule to maintain a positive borrowing history.


Formoney is a reliable personal finance app in Nigeria, providing convenience and flexibility for users in personal loan borrowing. The app offers a high loan limit, reasonable interest rates, and a simple process. The Formoney App helps users effectively address their financial needs. Importantly, the app is committed to securing users’ personal information and provides support nationwide.

See more: