Procedures In Applying For Loans With Renmoney Microfinance Bank And Renmoney Branches In Lagos

Renmoney Microfinance Bank on its own capacity making Loans Application and Procurement Easy as Getting Loans In Nigeria can be stressful and frustrating with the Present Economy Crises In The Country which is not very suitable for businesses especially the Small Medium Entrepreneur SME. RenMoney MFB Limited is a consumer finance company with its major strength in the provision of simple money solutions i.e. the bridge between credit and cash flows. They received their operating license on October 17, 2012 and started rolling out cash loans to customers out from their head office on 89, Awolowo Road, Ikoyi Lagos.

Ren Money operates three product lines – Unsecured Loans, Fixed Deposits and Target Savings. With its rapid growth few months in the Nigeria Market and a Customer Base Of Over 20,000 as at First Quarter Of This Year. Their impact in less than 4 years in the industry has been overwhelming considering the tussle and the huge competition in the market, which make it extremely difficult for most investors to see the light of the day.renmoney1

Steps In Getting Loans With Renmoney

Eligibility Check: Every Potential Customer must meet up with the following criterial to be eligible.

  • You should be between 22 and 59 years old.
  • You must run an account (Current or Savings) with a commercial Bank in Nigeria.
  • Applicant must live and or work in Lagos State.
  • You must have a verifiable monthly income.
  • You must have a clean Credit Bureau Report.
  • You must not have a history of returned cheques in your account.
  • One recent passport photograph (within the last 6 months)
  • Salary bank statement for the last 6 months (must be stamped by the bank). Your bank can send it directly to us at
  • NUBAN Cheque leaves for the duration of Loan (agreed at branch) OR Filled Direct Debit Form
  • Staff Identification card
  • Pension OR Tax Identification number
  • Letter of Employment, Confirmation, Promotion, Redeployment, Salary Increase OR Introduction Letter from Employer’s HR to RenMoney
  • Utility Bill (PHCN, Water bill, LAWMA bill OR Rent Agreement)
  • Valid Proof of Identification (current ECOWAS Passport, National Identification, Driver’s License or Voters ID)



How To Apply For Loans With Renmoney:

Online Applications are accepted through this url–

Or visit any of the branches as listed below.

Do I have to be in a paid employment to get your loans from Renmoney?

Yes, you must be gainfully employed to benefit from all Renmoney loan products



Ren Money Microfinance Bank Branches In Lagos And Their Call Centers

  1. Head Office: 89, Awolowo Road
    Ikoyi, Lagos, Nigeria.
  2. Surulere: Kings Plaza, 80,
    Adeniran Ogunsanya Street,
  3. Opebi: Pentagon Plaza, 23 Opebi
    Road, Ikeja.
  4. Lagos Island – 50 – 52, Broad Street, Lagos in CSS Bookshop House
  5. Apapa: No. 13, Park Lane,
  6. Ikota: F61 & F62 Road 3, Ikota Shopping Complex,Ikota,

Call Center: 0700 RENMONEY (0700 73666639).


Please do not hesitate to drop your comments/questions and we would be glad to reply as quickly as possible.

45 thoughts on “Procedures In Applying For Loans With Renmoney Microfinance Bank And Renmoney Branches In Lagos”

  1. Hello, am Kolawole by name and I wish to apply for a loan of 200,000. I have a basic salary of 50,000 monthly. I would like to know the interest rate and how long I need to pay back, and the process o application for the loan. How long will it take for the loan to e approve. Thanks.

    • Hi Kolawole,
      Please read through the post carefully for the requirements and procedures in applying for loans at Renmoney. You will also see the list of branches and Renmoney Contact Center.
      Note: Loan Applicants from Lagos are usually given preferred treatment.
      Good Luck!!!

  2. My name is Oluwaseun, I want to ask if you can grant loan to people living outside Lagos and for business start up

    • Hi Seun,
      Please call any of the numbers above for proper guidance.

  3. Good day all,
    Please I’d like to know whether this opportunity also captured Traders\market wowmen whose business requires additional working capital.


  4. hi my name Stephenson.
    I applied for loan but am yet to get a feed back from you guys.thanks.

    • Please call or visit the nearest branch for quick resolution.

  5. Pls I need a loan of #300,000. And my salary is 100,000 and long will take me to payback and de intrest rate,my name is rasheed bayewo oladimeji

  6. Good morning.

    Please, I’m into Tailoring, I run my own business, newly registered with CAC.
    Please I need a loan of 250,000.
    Please, how do you grant loans to non-salary eaners?
    If yes, please how do I go about it please?

    Thank You

  7. Please I need a loan of #3m to set up a newly registered busIness….
    Would like to know the interest rate likewise the payback period……
    Checked through the requirement and I don’t earn salary, no credit bureau

    • Hi Shola,
      Kindly call or visit the nearest Renmoney Office to you.

  8. Please,l need loan of #500,000 and am currently having facility with standard chartered bank with outstanding of #63,000. Can you buy the balance and give me loan and deduct it from the one you are given me. Am salary earner

  9. Please My name is Oyedare Kayode, I’m a Business owner, operating in Ira-nla Ajah Lagos, I need loan for my business, I needed to buy a Giant Photocopier machine for my Business, because of popular demand, how can i access this loan,because I’m not working somewhere else apart of my business that I’m running.

  10. I want a Loan of 1M I run a Biz in Lagos self Employed with Cac registration TIN and a Biz Acct and also personal Acct I want to know if I can be granted loan

    • And lastly if I can get the Loan I like to know the interest rate the method of repayment and what I need to Bring along either online or in person

  11. Pls i need a loan of 1.5m how do I go about it am a salary earner of 30,000

  12. I ask for a Loan 3wk ago that I need a Loan of 1m. That am self. Employed with Cac and Biz acct I didn’t recieve any response

  13. I have attempted to send an email as regards sponsorship for development training abroad by your organization severally but didn’t reach you. So i using this platform to verify what my options are concerning sponsorship?

  14. I currently run a business in yaba Lagos
    I need a loan to upgrade certain things in shop
    pls,what was the percentage interest?
    what is also the duration of loan?
    how do I pay back since I don’t have account with your company

    • Kindly call or visit the nearest office for proper advise on this.

  15. Good morning and wishing all a happy new year 2018

    I received a text message from RENMONEY, i reside in PortHarcourt in Rivers State and works with an Oil and Gas firm,
    can i apply for a loan due to my location? patiently waiting for your warm reply

    Thanks and Regards,

  16. Sir,how can i get loan from ur firm so far i am not staying at Lagos?

  17. Please i need a loan of #200. 000 from your firm to start small scale business to back in a year time

  18. Pls I want to know if I can apply for the loan of 2000,000 . Am earning 30,000 as salary. pls I really need this loan to establish My farming business. I Will be very grateful if my application can be granted. thanks

  19. Hello sir, am Lafinhan oladapo ayodele , I live outside Lagos but am a federal government work and I need a loan to start a business of me own. I need like #2 to #3million money. Can I be give if I apply. Thanks. Please am sure about it


    • My name is Asukwo. Retired civil servant on pension pay roll. Leave in Nasarawa state. By your conditions, your services cover only Lagos residents, am I eligible for any if the scheme? I need to expand my business.

  21. Hi, my name is Akaan Jeremiah from Jos. I earn 12,000 a month though i need just 50000. Am I liable?

  22. How do I apply ?I want Rennmoney to hire me.currently am with credit direct ltd.I am a good sales person.Am sure of bringing minimum of 20million per month

  23. Is the loan also applicable to market/trader women who are doing their businesses on their own? please I need a reply.

  24. I need a loan of #100,000. A staff of Lagos State Government, Alausa, ikeja.


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