Gomoney is an online banking app. With this app you can make payment and receive money from people. Apart from payment processing they also offer instant loan to their customer. You don’t need collateral nor paper work to obtain this loan with your phone you are good to go.
Their loan processing is very fast but you will need to have account with the them and use the app for sometimes before you will qualify to obtain loan
Requirement to obtain loan from Go money loan app
Be a Nigeria and reside in Nigeria
You need to provide government issued I D card
Have source of income
Have smart phone with which to download the app
Have good credit score
How to obtain loan from gomoney
The first step is to head over to playstore and download gomoney loan app
Register with your name, bvn, and other details
After the registration you will be login to your dashboard
Make payment and receive money with the app
Locate and click on loan
There you will see amount of loan you are eligible to obtain
Click on this loan and wait for disbursement
How much you can obtain from gomoney
It depend on your credit score, you can obtain up to #500,000 at a go without collateral or paper work.
Gomoney interest rate and repayment period
Gomoney interest rate also depend on the credit score and the amount of loan obtain. It is between 5% to 10%. Their repayment period is between 1 month to 6 months.
Paying back your gononey loan
To pay back your loan, head over to your dashboard
Locate and click on loan
There you will see method to pay back your loan
Once you make payment it will reflect on your dashboard
What will happen if I default
If you default you will be punish by increase in your interest rate and if you decide lot to pay back at all, your name and bvn will be send to credit bureau for black listing which means you will not be able to obtain loan any where in Nigeria until you settle your debt and clear your name with credit bureau.
Believe me it is hard to clear your name, try as much as possible not to default
Is gomoney loan legit
Yes, gomoney loan is legit, they will give instant loan but take caution when dealing with them, do not take loan that you can not pay back.
Our verdict on gomoney
Gomoney loan app is one of the legit loan app in Nigeria, they will surely give you loan. They have good review and things on play store which shows that they are doing something right.
Though gomoney give out loan to people in Nigeria, I will advice you to take loan that you can pay back to avoid had i know
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