Monthly NG - Quick Rent Loans
Icon Monthly NG - Quick Rent Loans

Monthly NG - Quick Rent Loans

by Instalment Solutions Limited

Rent Now Pay Later - Up to ₦5m in 24 hours

App NameMonthly NG - Quick Rent Loans
DeveloperInstalment Solutions Limited
CategoryFinance
Download Size31 MB
Latest Version1.2.3
Average Rating3.67
Rating Count248
Google PlayDownload
AppBrainDownload Monthly NG - Quick Rent Loans Android app
Screenshot Monthly NG - Quick Rent Loans
Screenshot Monthly NG - Quick Rent Loans
Screenshot Monthly NG - Quick Rent Loans
Screenshot Monthly NG - Quick Rent Loans
PLEASE READ REQUIREMENTS FIRST:

- 18 or over
- Earning at least ₦50,000 a month
- Living & Renting in Lagos, Nigeria

ABOUT THE APP

We pay your landlord, you pay us back…monthly. Easy-access, zero-collateral financing with a fixed monthly interest rate tailor-made for YOU and your pockets

Get Pre-approved in 24 hours
Sign up and enter your information to help us get to know you and your unique financial situation. Let us know how much you need and how long you want to pay back for. Get a verdict in just 24 hours.

Lowest Interest Rates
The faster you pay back, the cheaper it is. Interest on your rent financing is calculated on your balance remaining as opposed to your total initial finance amount.

Zero Collateral, Zero Cosigner
You do not need to submit any form of collateral or need to have a guarantor or cosigner.

Zero Harassment
We will never compromise your dignity or privacy. We understand that life happens and sometimes you can’t make payments exactly when you want to. We will never harass your colleagues or family.

Make payments through the app
Simply open the app to easily make payments when due or earlier through direct pay or to notify us when you’ve made a bank transfer.

Minimum repayment period is 4 months.
Maximum repayment period is 12 months.
Minimum annual percentage rate (APR) is 20.5%.
Maximum annual percentage rate (APR) is 62.6%.
Rate depends on personal circumstances.

https://monthly.ng/privacy-policy

Representative example:

Loan amount: ₦500,000
Tenure: 12 months
Monthly repayment: ₦51,741.97
Total repayment: ₦620,903.64
One time fee: ₦20,000
Interest: ₦120,903.64
Total cost: ₦140,903.64 (28.18%)

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