Monibac 1.5

Monibac 1.5

Prime Zone Limited  ❘ Freeware
iOS
out of 9 votes
Latest Version
1.5
Safe to install
VERY GOOD User Rating

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?

  1. No collateral is needed to access a loan.
  2. No charges on deposits or loans.
  3. Receive an additional 50% of your savings as a loan.
  4. Loan amounts range from 20,000NGN to 500,000NGN.
  5. Receive repayment reminders without disruption.

How Monibac Operates:

  1. Install the Monibac App from the App Store.
  2. Register your account and start saving.
  3. After 3 months of saving, customers become eligible to request a loan of up to 150% of their total savings.
  4. If a loan is requested, customers can submit their request via the app, where KYC documents are reviewed.
  5. 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:

  1. Must be above 18 years old.
  2. Reside in Nigeria.
  3. 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.

Screenshots (Click to view larger)

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