It’s very simple with the way to borrow money through the app; you just need to register, and the loan amounts will be approved instantly. The application process is straightforward, saving you a lot of time in processing, and the disbursement speed is a significant advantage. NNmoney is an app created to serve customers nationwide.
NNmoney is an online loan application designed for users in Nigeria, suitable for various age groups, allowing them to borrow money quickly and easily by installing the app.
The app provides you with a flexible loan solution, reasonable interest rates, and adaptable borrowing options. You can use the borrowed amount to meet temporary needs such as shopping, debt repayment, or to resolve urgent financial issues. Learn more about NNmoney App through the following article.
Introducing products and the borrowing process at NNmoney
NNmoney offers various loan products with flexible terms to meet customers’ borrowing needs. Below are the details of NNmoney’s loan products:
- Loan Amount: N6000 – N80,000
- Loan Term: 91 days to 365 days.
- Annual Interest Rate: 16% – 42% per year
- Service fee: Free of charge
Example for a Loan:
Let’s consider an example of borrowing ₦5000 with a repayment period of 180 days and an interest rate of 12.6%. The total interest amount to be paid would be ₦5000 * 12.6% = ₦630. Therefore, the total amount to be paid at the end of the term would be ₦5000 + ₦630 = ₦5630.
- If you choose to repay the entire amount in one installment after 180 days, you would have to pay a total of ₦5630 on the due date.
- If you opt for monthly installments, the monthly repayment amount would be ₦5630/6 = ₦938.4.
- The monthly interest rate in this case would be calculated as (₦630 / ₦5000) * 100% = 12.6%.
Conditions and Loan Requirements
To borrow money through NNmoney, you need to meet certain conditions and requirements:
- You must be 18 years old or above to be eligible for a loan from NNmoney.
- NNmoney provides services only to Nigerian citizens.
- You need to have a personal bank account to receive the loan amount and perform payment transactions.
- NNmoney requires you to have a stable income or a reliable source of income to ensure repayment ability.
Fast Loan Application Process
Borrowing money through NNmoney is carried out through simple and quick steps. Below is the process of borrowing money with NNmoney:
Step 1: Download the NNmoney App APK/IOS from cashloanapp.net.
Step 2: After installing the app, you need to fill in your personal information in the registration form. NNmoney requires basic information, including:
- Full name
- Date of birth
- ID number
- Personal phone number
- Bank account
Step 3: Once you complete the information, the NNmoney team will assess your profile within 1 hour. The evaluation process will consider factors such as repayment capacity and credit history.
Step 4: If your profile is approved, the loan amount will be disbursed and directly transferred to your bank account. This process is usually very quick, allowing you convenient access to the borrowed amount.
Note: To successfully apply for a loan on NNmoney, provide accurate and complete personal information. If your information is incorrect or untrue, your loan application will be immediately canceled.
Repayment and Loan Extension at NNmoney
Loan repayment at NNmoney offers various options, and users can choose from the following methods:
- Paying directly at the store or the address of the loan provider.
- Making an online bank transfer through mobile banking or internet banking.
- Using your debit card for payment.
- Utilizing online payment services, such as digital wallets.
Note: After making the payment, it is advised to keep the receipt for future reference and verification.
For loan extension, customers can directly contact NNmoney via phone or email to request an extension of the repayment period. The extension period can range from 7 days up to a maximum of 15 days. However, when opting for a loan extension, it’s essential to note that extension fees must be paid within the specified timeframe.
Security and Customer Care
NNmoney prioritizes the security of its customers’ personal information. Strong security measures and verification procedures are implemented to ensure that your personal data is protected safely.
Furthermore, NNmoney provides professional and friendly customer care services. You can contact the customer care service online through the app from Monday to Sunday, from 8:00 AM to 7:00 PM. If you have any inquiries, you can reach out via the hotline, access the website, or send an email to get your questions answered and receive support.
- Website: https://nnmoney.com
- Email: [email protected]
- Address: 13 Oriola St, Bariga 102216, Lagos, Nigeria
- Message us on WhatsApp.
Through this article, we have presented the online loan application NNmoney. We introduced the loan process, various borrowing options, necessary conditions, as well as the benefits and notable features of the application. If you are in need of a small loan, NNmoney could be a suitable choice for you. Download the NNmoney App today and experience the convenience and flexibility of borrowing money online.