Moni: Savings & Loans

Access a range of financial solutions on Moni. Earn high interest on your savings and enjoy short and long-term loans for your business. Your savings are safe in Moni Vault and loans are disbursed within a few minutes on Moni Float.
What does saving on Moni look like?
Create a flexible, targeted, or fixed savings plan on Moni and earn from 7%-21% interest rate.
Save as low as N100 daily, weekly, bi-weekly, or monthly.
Automate your savings schedule and get notified at appropriate times.
Activate your Moni Wallet to fund your savings plan.
Achieve multiple savings goals.
Contribute your savings at no fees or charges.
Stash away lump sum of money in Reserve for at least 3 months and earn as high as 21% interest rate.
Enjoy instant withdrawal.
Cultivate a savings habit.
Enjoy instant technical support within the app.
Saving on Moni is easy. Get started in 3 steps:
1. Download the Moni app
2. Provide some information to set up your profile
3. Create your savings plans.
Example of a Moni Savings;
- Create a reserve plan- lock away a sum of money to prevent spending temptation.
- Set duration to 1 year.
- Choose to withdraw interest at maturity
- Fund plan with N1,000,000
- At the end of 1 year, withdraw N1,210,000.
A Moni Loan:
To access a Moni Loan, you must have joined a Cluster.
Loans are accessible to businesses who have joined a Moni Cluster using unique Cluster codes
No collateral or guarantee required
Once your request to join a cluster is approved, and your business performance is reviewed, you can take loans from N50,000 - N3Million
No hidden fees or charges
Loan terms are clearly stated at the point of the loan request
Decide your loan tenure. You can repay in up to 12 months.
Enjoy competitive interest rates from 24% - 35.36% APR
The eligibility amount is increased as your OTR(on-time repayment rate) increases
Enjoy social accountability with the businesses in your cluster
The Moni loan process is simple;
1. Download the Moni app. Sign up with your phone number & email address
2. Request to join a Float cluster
3. Provide information about your business for loan eligibility review
4. Start accessing float to grow your business.
Moni’s Interest Rate and Loan Repayment
Loan requests can be between N50,000 - N3Million with no collateral or guarantee request
Repay the loan in up to 12 months.
Our Annual Percentage Rate (APR) is 24% to 35.36%
Example of a Moni Loan
- Loan Amount: N2,000,000
- Loan Tenure: 24 weeks
- Repayment Type: weekly:
- Weekly Interest rate: 0.6%
- Weekly Repayment: N95,333
- Total Amount Payable: N2,288,000
- APR: 31.2%