Renmoney

Interest Rate	28%
Duration	30 - 180 days (Lagos & Abuja Residence only)
Access Level	Salary Earners
Company Name	Remmoney Nigeria
Phone 1	07080672077
Phone 2
Website or Store	https://web.renmoney.com/
Address	23, Awolowo Road, Ikoyi, Lagos
Category	Mild Loan
Company Email	hello@renmoney.com
Views	5,371

FAQ

Can I still pay them if they defame me?

Once a loan app has defamed you — by sharing your information, contacting your friends, or posting false claims — they have violated your privacy and broken the law. At that point, the agreement between you and them is already compromised.

You should report them to the FCCPC, CBN, and NDIC or any agencies in your country instead of paying. Paying them after such illegal behavior only encourages their abuse and gives them more power to exploit others.

Can loan apps post my pictures on social media?

You should not worry about loan apps threatening to post your picture on social media. If you check their accounts, you’ll notice most of them have fewer than 100 followers. This means they are mainly circulating your picture among themselves just to instill fear in you. Never pay a dime if any loan app posts your picture online; they are actually the ones owing you, not the other way around. Instead, report the account to the appropriate social media platform, and it will likely be closed down.

Can they auto-debit my account?

If you linked (bound) your ATM card during registration with a loan app, they can automatically debit your account. To prevent this, you should go to your bank, block the card, and request a new one.

For fully licensed Microfinance Banks that may use the Global Standing Instruction (GSI) or place a lien on your account, the safest option is to move your money to another bank account that has never been registered with loan apps. This will stop them from debiting your funds.

Can they come to my house or office to arrest me?

99% of loan apps cannot come to your house or office because most of them operate illegally and have no legal right to pursue you physically. Only fully licensed and approved Microfinance Banks with a registered office address and reputation as a legitimate financial institution can pay you a friendly visit, but never to arrest you.

Borrowing is a civil matter, not a criminal case. That means you cannot be arrested simply because you owe money. If any licensed microfinance bank tries to harass or threaten you, please contact us immediately—we will take the right steps to deal with them.

As for loan apps, they cannot legally come to your house or office to arrest you.

Can this loan app defame me?

Yes and No, a loan app can defame you, but it usually depends on where you downloaded the app from and what permissions you gave it.

If you downloaded the app outside the Play Store or App Store (for example, from a direct link or third-party site), it’s very likely the app will misuse your information. Many of those apps are not properly regulated.
How they access your contacts:

Loan apps need Contact permission to copy your phone contacts.
They also sometimes request Call log permission, which allows them to see your dialed, received, and missed calls—but not your full contact list.

If you used the app before 2023:

Before 2023, many loan apps could freely access contacts because the rules were not strict.
From 2023 onward, Google Play Store and Apple App Store introduced policies that restrict apps from accessing contacts and call logs unless it’s absolutely necessary.

Can this Loan App Hack my Account

An app itself can’t magically “hack” your bank account, but a malicious loan app can steal your data or enable attacks that give criminals access — so treat them as potentially dangerous. Never download apps outside Play Store or App Store

Can you categorize this Loan Apps as a good loan apps?

Any loan app that charges above 7% per month and does not allow repayment to be spread across 3 to 6 months is a criminal organization. Stay away from them—they will ruin you financially

Do I need to Generate Disclaimer for this Loan App

You only need to generate a disclaimer if the loan apps have access to your contacts or if they are not licensed. To know whether a loan app is likely to defame you, check the permissions it has on your device. If it has access to your contacts or call logs, and it is not a licensed or approved agency such as the Central Bank, then you need to send a disclaimer.

Do you suggest I fight back against this loan app if they send abusive messages?

Yes — fight back. They prey on fear; pressure and exposure make predatory loan apps back down. Upload all their messages and evidence to our platform immediately — we are working to sue them. They’ll often flee once they’re documented and reported.

Explain How Credit Bureau Works

How a malicious loan app can compromise your details

Phishing / social engineering: tricking you into giving OTPs, passwords, or BVN details.

Permission abuse: access to SMS, contacts, call logs, or accessibility services can let an app read OTPs or intercept communications.

Fake login pages/overlay attacks: an app may show a fraudulent screen that captures your bank credentials.

Malware/keyloggers: Some apps can record taps or keystrokes if they get high-level permissions.

Linking to compromised websites: clicking links can download malware or steal details.

Never share OTPs, BVN, or passwords with anyone.

Don’t grant Accessibility or SMS-read permissions to untrusted apps.

Install apps only from official stores and check reviews/permissions.

How do I get rid of their daily messages and calls?

To stop their frequent calls, you can install Truecaller, upgrade to Premium, and use the Block Spam Calls feature. This will automatically filter out most unwanted numbers. (Check the video below for step-by-step details.)

For WhatsApp calls and messages, fight back smartly: never listen to their voice notes or read their messages. Instead, use the response strategy in the link below to reply safely. When you push back confidently, scammers usually give up and flee.

https://loansharkreview.com/MessageTemplate

They sent a message to me that they will block my BVN. Is it possible?

Loan apps do not have the authority or technical access to block your BVN. Only the Central Bank of Nigeria (CBN) or your bank can restrict or blacklist a BVN, and that only happens in cases involving serious fraud or court orders.

Any loan app threatening to block your BVN is simply trying to intimidate you. It’s a scare tactic, not a legitimate action

Will this loan apps report me to the Credit Bureau?

In most cases, 90% of loan apps cannot report you to the Credit Bureau. This is because many of them are not licensed financial institutions or they charge exorbitant interest rates that violate government policies.

However, fully licensed and approved microfinance banks can report you to the Credit Bureau. Even when they do, they usually report only the actual amount you borrowed and the original agreed interest — not the inflated charges or penalties. If you notice incorrect information in your credit report, you have the right to contest it with the Credit Bureau and request correction.

About Renmoney

Remmoney is a leading provider of online loans and banking services in Nigeria, founded in 2012. Our mission is to make banking easier and more accessible to everyone by offering convenient, affordable and secure credit and financial services. We believe that everyone deserves access to fair financial opportunities, regardless of their credit score or financial history. That's why we strive to provide loans and savings options to help people reach their financial goals and improve their lives.

We are regulated by the Central Bank of Nigeria (CBN) and operate on a microfinance banking license, ensuring that we adhere to the highest standards of quality and ethics. Our team uses a combination of traditional and alternative data sources to evaluate loan applications, making it easier and faster for our users to get approved for loans.

At Remmoney, we understand that people's financial needs are unique and can change at any time. That's why we offer a range of loan options, from personal loans to business loans, and allow users to borrow up to ₦6 million for up to 24 months. Whether you need to pay rent, school fees, medical bills, renovate your home, buy a new car or simply take care of personal needs, our loans can help you bring your plans to reality.

What sets Remmoney apart is our commitment to making loan applications and repayment as easy as possible. With our app, you can apply for a loan in just seconds without having to worry about collateral, paperwork or guarantors. We believe that everyone deserves access to loans without funny terms and conditions, and that's why we strive to provide an intuitive, secure and fast loan experience for our users.

Our core values of excellent customer service, being a cooperative partner, ease of use and security are at the heart of everything we do. We believe that by working together with our users, we can make a positive impact on their financial lives. Our goal is to make banking easier and more accessible to everyone, so that everyone can reach their financial goals and live the life they want.

We're always here to help and we value your feedback. If you have any questions, concerns or comments, please feel free to contact us by email at service@remmoney.net or by phone at +234 09122739946. We're always eager to hear from you and strive to provide the best possible service to our users.

In conclusion, Remmoney is a safe and reliable online loan app in Nigeria, providing loans to people from all walks of life. We believe that everyone deserves access to fair financial opportunities, and we strive to make banking easier, more accessible and more affordable for everyone. Whether you're looking for a loan to grow your business or take care of personal needs, Remmoney is here to help.

Reviews

Renmoney
Due to what others saying about Renmoney and I've tried to get a loan and I've done every necessary things but till now I haven't been offered a loan and also I sent money from my bank account to Renmoney account to test if I can be using it to do business transactions but for the past 8hrs the money never reflect and I've been debited.
- 3/16/2023
Renmoney
This app has an idiotic User Experience. If there is an issue login there is no where to ask for help or do a reset. I provided my email but it's been telling me "Pending OTP Verification". How does that even make sense?
- 3/12/2023
Renmoney
The processing and application are very fast, response is microseconds to receive, very interactive UI, which is very encouraging, affordable and consideration interest rate and time consideration for repayment of loans. Still accessing other areas. Like disbursement time and repayment notification time, as well as quick response from customer service..to give my 6 stars
- 3/10/2023
Renmoney
I heard about Renmoney from adverts on electronic media & downloaded the app. The registration is seamless. I'm impressed with what I've seen so far. I like the investment portfolios & will definitely try them out soon. For now, I am taking a look at what it has to offer & I think I am impressed with the offers (still perusing). I like the architecture. The design is top-notch. The environment is amazing! It's a beauty to behold! I'll come back here to comment further on overall services.
- 3/8/2023
Renmoney
I don't enjoy the app at all I didn't receive alert of 400 that was sent to this app since yesterday night till now I didn't see my money I even apply for loan since yesterday night is just repeating same thing it saying reviewing application since yesterday I don't think this is real 😭😭 my 400 even contact the support team they are not replying again
- 3/4/2023
Renmoney
It was the worst ever. They will just waste your time. Playstore should not accept scams like this. Customer service is worst. Connecting my card has been a problem. Did bank transfer as an option and my money went with the wind. They don't care what you go through. Other apps will even call you to help follow up with your application, no contact number. I really regret downloading this app. Its painful that I can sue then for taking my money with dubious means and i guess I will do at last
- 3/4/2023
Renmoney
This is one of the worst loan app I have ever used. I have tried applying for loan twice but it won't submit my application not to talk More of disbursing money. It is always we can't seem to attend to your request now please try later, I have tried later and tire
- 2/23/2023
Renmoney
This app is so difficult, especially with trying to get even a small loan aand it's bad because the other features are no better to Navigate through
- 2/23/2023
Renmoney
Very poor customer service, made a transaction was debited but no credit to the recipient went to recipient's customer care they helped to track the money and it was not in the account. Been texting Renmoney customer service since yesterday no reply, I've just been dropping messages with no reply..
- 2/21/2023
Renmoney
My people this app is a fruad, I registered and after everything instead of them lending me money they took the one I had in my bank account, did I have enough and start searching for where to loan. Don't waste your data and precious time registering on this fraud called Renmone
- 2/19/2023
Renmoney
Trash.. Both ur website and your app is trash.. Nothing is working fine.. To request for loan is a problem.. Invalid NIN when trying to upgrade. Everything is trash. Cc representative too poor.. Unneccessary pop up messages.. Mtcheewww
- 2/18/2023
Renmoney
It's been since last year this app has been on my phone. It have been trying since but yesterday when I was offered a loan, I quickly thought it would be the end of my frustrations with Renmoney. It happened fast. However I am begin to experience another strokes of frustration waiting for a signed offer to be disbursed. It takes even more than a hour for an agent to respond to a chat. I had never wished to have such a bad experience.
- 2/18/2023
Renmoney
Very disappointing app. Since a week now I have been trying to register myself yet I keep having issues with taking self picture to show my face. It doesn't function when it gets to this stage.
- 2/18/2023
Renmoney
The App is not top notch. It can't work without you calling the customer service. I couldn't get a loan after all the whole process and I was not informed of the failure of my application. Not a good experienc
- 2/15/2023
Renmoney
They sent me email that they have reviewed my loan request, and I'm eligible to borrow up to 150,000, only for them to tell me that I'm not eligible to borrow again when I try to apply with the app. And I have a clean record I've not borrow before
- 2/7/2023
Renmoney
One of the most useless apps out there, got debited 4 times all in the name of Tokenizing my Card and at the end of the day was told to reapply, Secondly your customer care department actually needs the money they spend on advert, I wish the was something worse than 0 star..
- 2/5/2023
Renmoney
The only problem I have with this app is that they always find it difficult to generate my statement of account in other to perfect a loan for me .every other thing I think they are the best
- 1/31/2023
Renmoney
This app is the worst among them all After wasting your data, and time to download the app and filling all the required... They end up telling you to reapply in 14 days So useless and unfortunate app It's zero rating
- 1/18/2023
Renmoney
Horrible experience so far. I registered and applied for a loan but was rejected. I didn't think much of it but decided to save some money on the app for emergency situations, only for me to be blocked from the app even when I entered the right log in details and also used biometric option. To worsen it, my security question has changed automatically. I've sent emails and created a complaint ticket but no response
- 1/16/2023
Renmoney
Loan access is very terrible..., I've been trying to link my card it got stuck on paystack..., I've laid several complaint but they never respond with an alternative way of accessing thier loan
- 1/15/2023
Renmoney
Bad customer service. I applied for a loan. I received a mail for the Loan offer letter. I have not been credited till now. Calling their customer care line is another frustrating thing, an agent would pick up the call and end it forgetting that I am been charged for the call. I sent a mail, no response till date. You spend whole lot of money for advertisement. Yeah! You got the customers but you can't keep them because the focus is unimportant thing. App flexibility is zero
- 1/12/2023
Renmoney
Very wrong app for me I don't think I will recommend it for any body.. I apply for loan after enough frustration for 2 months I was for 9800 which was not what I was looking for. I tried to collect it by using my credit card it was horrible I call customer service which directed me to a link which I never trusted. I then said let me log in to my Renmoney account I discovered that I have been blocked and now there customer service is not available also.. I AM deleting this app for good
- 1/11/2023