Moneyloanplus loan app: interest rate, is it legit, how to apply

Moneyloanplus will give you instant loan in Nigeria without collateral or paper work, you don’t need to visit any location, with just your phone and BVN you are good to go. With Moneyloaplus you can obtain up to #100,000 loan at a go.

Requirement to obtain loan from Moneyloanplus

Before you can take loan from moneyloanplus, you need to meet up with some requirement which are

Have BVN and bank account.


Have source of income

Have good credit card

You must not have defaulted on any loan before


Be above 22 years of age

Have smart phone with which to download the app

How to apply for moneyloanplus

The first step is to head over to plays tire and download the app


Register with your name and other details
You will be ask to submit your BVN, do so and proceed

After registration you will be login to your dashboard

On your dashboard 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

If everything goes right you will see credit alert in 30 minutes time.


How much you can loan from moneyloanplus

With moneyloanplus you can obtain up to #100,000 loan at a go but as a first timer the amount of loan you can obtain will be less than this, it might not be more that #20,000 but as you take loan and pay back the amount of loan you can can obtain will increase.

Moneyloanplus interest rate and repayment period

There interest rate depend on the recipient credit score and the amount of loan obtain, it is between 10% to 25% while there repayment period is between 7 days to 3 months.

As a first timer your interest rate will be high while your repayment period will be short but as you continue to take loan and pay back it will improve.


Repaying your moneyplus loan

You can repay your loan with ATM card or contact them for their account number. When making transfer ensure that you have their correct account number to avoid story that touch

What will happen if I default

If you default you will be punish by increase in your loan interest rate and if you decided not to pay back at all, your name and BVN will be forwarded to credit bureau for black listing which means you will not be able to take loan again until you settle your debt.

Is moneyplus loan legit

Yes, they are legit, they give out loan to many people in Nigeria the only problem is that they are not license by CBN


Our verdicts on moneyloanplus

Moneyloanplus app will give you instant loan no doubt but they are not license by CBN. Also they have mix of positive and negative review on play store which does not speak well.

When taking koan from this app exercise caution and only take loan that you know you can pay back to avoid embarrassment.


Above is how to apply for moneyloanplus. As you can see they are not license by CBN so exercise caution when taking loan from this loan app. Taken loan that you know you can pay back to avoid had I know.


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