GGmoney loan app review: how to apply, interest rate and is it legit - Startuppreneur

GGmoney loan app review: how to apply, interest rate and is it legit

GGmoney loan app givee out instant loan in Nigeria without collateral or paper work. Their loan precessing is fast within 30 minutes of submitting application your loan will be disburses.

You don’t need to visit any location before you will secure the loan, with your phone and BVN you are good to go.


With GGmoney loan you can obtain up to #200,000 at a go. Their loan is easy to apply for

Requirements to apply for ggmoney loan

Below are the requirements to meet up with before you can apply for ggmoney loan


Have bank account and BVN

Have good credit score

Be above 18 years of age

Have source of income


Have smart phone with which to download the app

How to apply for GGmoney loan

The first step to take is to head over to playstore and download the app

Launch the app and register with your name and other details

You will be ask to submit your BVN, do so and proceed

You will be ask to bind your ATM card which might attract #30, do so

After the registration you will be login to your dashboard

On your dashboard, locate and click on loan

There you will see amount to loan you are eligible to obtain

Click this loan and wait for disbursement

If everything is right your loan will be disburse in 30 minutes time

How much you can obtain from GGmoney loan app

With GGmoney you can obtain up to #200,000 without collateral or paper work. As a first timer the amount you are eligible for will be less than this, it might not be more than #50, 000 but as you continue to use the app the amount you can loan will increase.

GGmoney loan interest rate and repayment period

GGmoney loan interest rate depend on the amount of loan secure and the credit score of the recipient, it is between 10% to 25%.

The repayment period is between 1 month to 1 year. As first timer your interest rate will be high and your repayment period will be short but as you continue to use the app it will improve.

Repaying your GGmoney loan

You can payback your ggmoney loan with ATM card or ask for their account number and make transfer. When making transfer ensure you have their correct account number to avoid story that touch.

Login to your dashboard

Loacte and click on loan repayment

There you will see method to payback, click on it

Once you make payment it will reflect on your dashboard

Is GGmoney loan legit

Yes, they are legit they give out loan to people in Nigeria without collateral or paper work, but they are not license by CBN so be careful when taking loan from them.

Our verdict on GGmoney loan app

Ggmoney loan app is legit they’ve given out loan to a lot of people in Nigeria, but if you default they will send defamatory message to your contacts.

They will embarrass you, so becareful when dealing with GGmoney, do not take loan that you can not pay back try to avoid embarrassment.


GGmoney loan app will give you instant loan in Nigeria without collateral or paper work , as you can see they do send defamatory message to defaulters so take loan that you know you can pay back to avoid had I know.

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