Monibac 1.5

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.