OPay Bank Statement: How to Request and Download

Moniepoint Loan is a working capital that's granted to merchants and business owners that's using Moniepoint for their business banking. As of now, the Moniepoint Loan is not available to personal account users.

To obtain a Loan from Moniepoint, you'll need to be using the Moniepoint Business Account and have a significant amount of monthly transactions to increase your credit history and boost your chance of getting the loan application approves.

However,Moniepoint offers working capital loans with flexible terms, accessible via its business banking app. Key features include:

• Eligibility: You must be a Nigerian citizen, over 18, with a verified Moniepoint Business Account and a valid ID.
• LoanAmount: Once you're eligible, you can get up to ₦1,000,000 without collateral to support your business.
• Interest Rates: Ranges from 5% to 20%, depending on the loan amount and credit score.
• Application: Moniepoint Loan application is easy and flexible. Once you're eligible, you can proceed with application and the loan amount will typically be disbursed within 24-48 hours after approval. To check your eligibility status, login to your Moniepoint Business Banking App and navigate to "Loan & Credit". You'll see your eligibility status in that page.
• Repayment: Moniepoint Loan repayment is automated. The loan repayment amount will be deducted from your Moniepoint balance in each instalment due date.

However, it's important to note that Moniepoint does not currently offer a dedicated loan calculator on its platform. But you can determine your loan eligibility and potential amounts by logging into your Moniepoint business banking app. 

Moniepoint Loan is with interest rates ranging from 2.5% to 40% per annum, depending on the loan amount and business circumstances. Loan applications are processed quickly, typically within 24 to 72 hours, and funds can be disbursed into your Moniepoint Balance shortly after approval.