Moniepoint is a fintech company that provides all-in-one payments, banking, and operations platform for businesses in emerging markets. One of the services that Moniepoint offers is loans for business owners who want to finance their inventory purchases and expand their businesses. If you are interested in applying for a Moniepoint agent loan, here are the steps you need to follow:
Apply For Moniepoint Loan
1. Open an account with Moniepoint. You can do this by visiting their website or downloading their app from the Google Play Store or the App Store. You will need to provide some basic information about yourself and your business, such as your name, phone number, email address, business name, location, and category.
2. Apply for a loan. Once you have an account with Moniepoint, you can access their loan options from the dashboard. You can choose between long-term loans and overdrafts, depending on your business needs. Long-term loans are up to N5,000,000 with low-interest rates and flexible repayment terms. Overdrafts are short-term loans that you can access instantly to cover urgent expenses or stock up your store.
3. Get approved. Moniepoint claims to have a fast and easy approval process for their loans. You don’t need to submit any paper documents or collateral to get a loan from them. For overdrafts, you can get approved instantly and access the funds within minutes. For long-term loans, you can get approved in 3 days or less.
4. Repay your loan. Moniepoint allows you to repay your loan conveniently through their app or website. You can also use their agent network to make cash deposits or withdrawals. You can repay your loan in full or in installments, depending on the loan terms and your cash flow.
How to use MoniePoint USSD Code to check Loan offers
To use the MoniePoint USSD code to check loan offers, follow these simple steps:
- Dial *888# on your mobile phone and press the call button.
- Select “Loans” from the list of options displayed.
- Select “Check Loan Offers” from the sub-menu.
- Follow the prompts to provide the necessary information, such as your name, phone number, and loan amount.
Please wait for a response from MoniePoint, which will include information about the available loan offers and their terms and conditions.
Please note that not all customers may be eligible for a loan offer from MoniePoint, and the loan amount and terms may vary depending on your creditworthiness and other factors.
How to use MoniePoint USSD Code to borrow Money
To use MoniePoint USSD code to borrow money, follow these simple steps:
- Dial *888# on your mobile phone and press the call button.
- Select “Loans” from the list of options displayed.
- Select “Borrow Money” from the sub-menu.
- Follow the prompts to provide the necessary information, such as your name, phone number, and loan amount.
Please wait for a response from MoniePoint, which will include information about the loan offer, its terms and conditions, and the amount you need to repay.
If you agree to the terms and conditions, confirm the loan request and wait for a confirmation message.
The loan amount will be disbursed to your MoniePoint account or linked bank account, depending on the terms of the loan.
See also: How to Get Moniepoint Debit Card
MONIEPOINT LOAN LIMIT
The loan limit of Moniepoint depends on several factors, such as the user’s credit score, transaction history, and repayment behavior. According to the Moniepoint website, the minimum loan amount is N1,000 and the maximum loan amount is N5,000,000. The interest rate varies from 5% to 15% depending on the loan duration and amount. The loan duration ranges from 7 days to 30 days. Users can apply for a loan by dialing *888# or using the Moniepoint app.
Conclusion,
Moniepoint loans are designed to help you grow your business without any hassle or stress. Following these steps, you can apply for a loan from Moniepoint and get the funding you need to take your business to the next level.
