Interest Rate | 47% |
Duration | 7 days |
Access Level | Public |
Company Name | Monicredit |
Phone 1 | |
Phone 2 | |
Website or Store | |
Address | |
Category | Dangerous Loan |
Company Email | customer@monicredit.ng |
Views | 344 |
Monicredit
Monicredit is an innovative loan app that provides a seamless and hassle-free loan application experience for Nigerians. Our app is designed to meet your financial needs with ease and convenience, so you can take care of your needs without any hassle. We are committed to providing our customers with excellent service, flexibility, and security.
About Us
At Monicredit, we believe that access to credit is a human right, and we are dedicated to making financial services accessible to everyone. We are a team of experienced professionals who have worked in the banking and finance industry for many years, and we understand the challenges that people face when it comes to accessing credit. That's why we created Monicredit, a loan app that provides access to fast and easy loans.
Company Services
Monicredit provides quick and easy access to loans to meet your financial needs. Our loan app is easy to use, and our application process is simple and straightforward. Once you are approved for a loan, the money is immediately deposited into your account. Our loan terms are flexible, and we offer low-interest rates, making it easy for you to repay your loan.
Our Mission
Our mission at Monicredit is to empower Nigerians by providing them with access to credit, so they can pursue a life of dignity and prosperity. We are committed to creating a financial service platform that is innovative and technologically advanced. We believe that everyone should have the opportunity to access financial services, and we are dedicated to making that a reality.
Our Vision
Our vision at Monicredit is to become the leading provider of online loans in Nigeria. We are committed to creating an environment where Nigerians can access loans quickly and easily, without having to deal with the challenges that are often associated with traditional banks. We want to make credit accessible to everyone, regardless of their credit score or financial status.
Our Core Values
At Monicredit, we are guided by a set of core values that define our culture and guide our behavior. These values include:
Excellent Customer Service We are committed to providing our customers with the best possible service. We believe that our customers are our most important asset, and we are dedicated to meeting their needs.
Cooperative Partner We are dedicated to building strong partnerships with our customers. We believe that collaboration is key to achieving success, and we are committed to working together to meet our customers' needs.
Ease of Use
We are committed to making our loan app easy to use. We understand that our customers lead busy lives, and we want to make the loan application process as simple and straightforward as possible.
Security We take the security of our customers' information seriously. We use advanced security measures to protect our customers' data, so they can feel safe and secure when using our loan app.
Instant Loans
We understand that our customers often need access to credit quickly. That's why we offer instant loans, so our customers can get the money they need when they need it.
What We Offer
At Monicredit, we offer a wide range of loan options to meet your financial needs. Our loans are available to residents of Nigeria who are over 20 years old and have good credit. We offer high credit amounts, flexible loan terms, and low-interest rates. Our loan terms range from 91 days to 180 days, and our loan amounts range from 80,000 NGN to 1,000,000 NGN. The maximum APR we charge is 25%, which amounts to 0.07% per day. We don't charge any other fees, so you can be sure that you are getting a fair deal.
Expert Counsel
They may send SMS messages to your contacts, informing them of your debt situation. Furthermore, if your payment is overdue by just one day, they may resort to sending derogatory messages via WhatsApp to your contacts.
Typically, Monicredit offers repayment plans ranging from 6 to 14 days, which can pose challenges in terms of affordability. Their overdue interest rates range from 2% to 7% per day, potentially exacerbating your debt burden.
It's essential to note that repaying Monicredit after they've defamed you is not advisable. Their primary tactic is to extract money through damaging your reputation. Since they operate as unlicensed loan apps, their only recourse is to tarnish your image.
Borrowing from another loan app to settle your debt with Monicredit is not a viable solution and may lead to financial ruin. They operate under various names on mobile app stores, complicating efforts to break free from their debt cycle.
To manage their communication effectively, consider installing Truecaller on your mobile phone. This can help you identify and block their calls, providing a measure of control over their attempts to contact you.
The most effective solution to break free from Monicredit's influence is to cease borrowing altogether. By refraining from further loans, you can gradually extricate yourself from the debt trap they impose. Additionally, blocking them on WhatsApp and reporting their actions directly to WhatsApp and Google Play Store can help mitigate their impact.
Remember, you have the power to regain control of your financial situation. Don't let Monicredit damage your integrity or dictate your financial well-being.
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Reviews
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used this loan app, and the interest rates were so high that I had to borrow from another lender just to pay it back
- 3/24/2023
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The loan app was unreliable, and it kept crashing every time I tried to use it. It was a frustrating experience
- 3/22/2023
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The loan app had an overwhelming amount of terms and conditions, and it was difficult to understand what I was agreeing to
- 3/20/2023
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The loan app promised low-interest rates, but they were nowhere near as low as advertised. I ended up paying more than I had planned
- 3/13/2023
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I tried to use this loan app, but it was so complicated that I gave up halfway through. The user experience was terrible
- 3/4/2023
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The loan app had hidden fees and charges, which made it difficult for me to pay back the loan. I would not recommend it to anyone
- 3/2/2023
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I had a terrible experience with this loan app. The customer service was unhelpful, and the loan terms were unreasonable
- 2/12/2023
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used this loan app, and the interest rates were so high that I had to work overtime just to make the payment
- 1/28/2023
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The loan app was difficult to use, and I ended up accidentally agreeing to terms that I didn't fully understand
- 1/17/2023
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The loan app had a confusing payment schedule, and I ended up missing a payment. The fees and interest rates skyrocketed as a result
- 1/13/2023
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