Renmoney: Loan & Savings App

Renmoney is one of Nigeria's most trusted loan apps, serving over 3 million customers for more than 14 years. Borrow, save, and grow your money — all in one secure app, regulated by the CBN and insured by the NDIC.

Whether you need a quick loan to handle an emergency or a high-yield way to grow your savings, Renmoney makes finance simple. Get an instant cash loan of up to ₦10,000,000 with no collateral, or earn competitive interest on your savings — all with just a few taps.

What you can do with Renmoney:

- Get a personal loan with fast, online loan approval

- Earn competitive interest on flexible and fixed savings

- Pay bills and buy airtime instantly

- Make unlimited transfers

- Track and access your money anytime

Loans and credit:

Renmoney gives you access to instant loans designed for everyday needs. Apply directly in the app, see your full repayment terms before you commit, and borrow with confidence.

- Loan amounts up to ₦10,000,000 (subject to eligibility)

- Fast approval — apply in minutes

- Instant disbursement straight to your bank account

- No collateral, paperwork, or guarantor required

- No hidden charges — you always see your terms upfront

- Pay on time to unlock lower rates and longer terms on your next loan

Loan amounts range from ₦5,000 to ₦10,000,000, with repayment periods from 91 days to 12 months and monthly interest rates from 2.12% to 2.65%.

Representative example: ₦2,000,000 borrowed for 12 months. Monthly interest rate: 2.49%. Total payable: ₦2,338,275. APR: 29.88%. 1% management fee. Minimum APR: 25.44%, maximum APR: 31.8%.

Savings and deposits:

Grow your money with savings products built around your goals.

- Renflex (Flexible Savings): Save daily, weekly, or monthly with autosave. Earn interest daily and withdraw your money at any time.

- Renvault (Fixed Savings): Lock your funds for a set period and earn high returns of up to 22% per annum.

- Smartgoal (Goal-Based Savings): Plan and save toward specific targets with the autosave feature

Track everything, earn competitive rates on savings and fixed deposits, and access your money whenever you need it — all on the Renmoney app.

Security and regulation:

The Renmoney app is built to the highest standards of security and privacy to keep your data and funds safe. We operate with a microfinance banking licence, regulated by the Central Bank of Nigeria (CBN) and insured by the Nigeria Deposit Insurance Corporation (NDIC).

We will never share your information with third parties without your consent. https://ndic.gov.ng/list-of-insured-institutions/list-of-microfinance-banks/

Contact us

- Office: Head Office, 23 Awolowo Road, Ikoyi, Lagos, Nigeria

- Phone: 0700 500 0500

- Email: app@renmoney.com

- Raise a help ticket within the app

- Visit: renmoney.com

- LinkedIn: https://www.linkedin.com/company/renmoneyng/

- Twitter: https://twitter.com/Renmoney

- Facebook: https://web.facebook.com/renmoney

- Instagram: https://www.instagram.com/renmoneyng/

Privacy policy: https://renmoney.com/privacy-policy/