1.5 Safe to install
Monibac offers a unique financial platform that provides access to loans without requiring collateral, the ability to save and earn interest on savings, and convenient top-up and withdrawal options to your account.
Why Choose Monibac?
- No collateral is needed to access a loan.
- No charges on deposits or loans.
- Receive an additional 50% of your savings as a loan.
- Loan amounts range from 20,000NGN to 500,000NGN.
- Receive repayment reminders without disruption.
How Monibac Operates:
- Install the Monibac App from the App Store.
- Register your account and start saving.
- After 3 months of saving, customers become eligible to request a loan of up to 150% of their total savings.
- If a loan is requested, customers can submit their request via the app, where KYC documents are reviewed.
- Upon loan approval, customers e-sign the request, and the approved amount is added to their Monibac Balance.
In addition to loans, customers have the option to lock their savings for a specific duration. For instance, saving for 3 months yields a 3% return and saving for 6 months yields a 5% return.
Monibac Loan Features:
- Tenure ranges from 90 to 180 days.
- Interest rate: 9% for 90 days, and 15% for 180 days.
- Loan amount capped at N5 million with varied interest rates based on chosen tenure.
Eligibility Criteria:
- Must be above 18 years old.
- Reside in Nigeria.
- Have saved on the Monibac platform for over 3 months.
Contact Information:
- Email: [email protected]
- Customer Service Hotline: +2347060953139
- Address: Block A211, Sura shopping complex, Lagos Island, Lagos state.
Overview
Monibac is a Freeware software in the category Business developed by Prime Zone Limited.
The latest version of Monibac is 1.5, released on 06/21/2024. It was initially added to our database on 06/21/2024.
Monibac runs on the following operating systems: iOS.
Users of Monibac gave it a rating of 4 out of 5 stars.
Pros
- User-friendly interface that makes navigation easy for all levels of users.
- Offers comprehensive features for managing inventory effectively.
- Real-time data updates help maintain accuracy in stock management.
- Integrates with other popular software systems for seamless operations.
- Excellent customer support and training resources are available.
- Cloud-based access allows for remote usage from various devices.
Cons
- May have a steep learning curve for new users initially due to its comprehensive features.
- Some users report occasional bugs and glitches that can disrupt workflow.
- Pricing may be considered high for small businesses or startups.
- Limited customization options may not meet the specific needs of all users.
- Performance may lag when handling very large datasets or during peak usage times.
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