Monibac | Building Wealth For You

Monibac is a Mobile app where you can access loans without any collateral, save and earn interest on your savings, easily top up and withdraw to your account. You can also lock your funds for a higher interest.

No, there are no charges on deposits and withdrawals

Funding your Monibac account is easy. You can either transfer to your unique virtual bank account or fund with a debit card: Master card, Visa Card and Verve card

You can request for a loan after 3 months of active saving on Monibac.

You can simply request for a loan by following these basic steps:

- Install the Monibac App from Playstore and create an account
- Start saving (maintain an active savings balance)
- After 3 months, you are eligible to request for a loan of up to 50% of your total savings
- Loan request is made by simply submitting basic KYC details on the application and selecting the duration of the loan.
- Monibac receives loan request and validates KYC documentations against your Monibac profile.
- Monibac approves request and your offer letter is sent to your email for acknowledgement
- Your Monibac is credited with your loan amount after acknowledgement

You can simply pay back your loan by making an in app transfer from your savings balance to your balance.

Monibac offers single digit interest loans at :

- 9% for 90 days
- 15% for 180 days

31 to 60 days attracts 2% interest, 61 to 90 days attracts 3.5% interest, 91 to 120 days attracts 5% interest, 121 to 365 days attracts 6.5% interest, and 1 year and above attracts 8%.

You can simply withdraw from your Monibac balance by selecting the withdrawal feature available on the application. This feature enables you to withdraw to any bank account of your choice.

Your Monibac balance gets credited with N500 for every new user that signs up on the application using your referral code

Monibac is built by the finest engineers with the safety and security of our customers information as top priority.

Monibac is a safe and secure platform that offers the following benefits:

- You do not need a collateral before you can access a loan
- There are no charges on both deposits and loans.
- You can get an additional 50% of your savings as loan.
- You can get from 20,000NGN to 500,000NGN as loan
- We will always send reminders for your repayment without much disturbance.

Frequently asked questions

Frequently asked

questions

What is Monibac?

Are there any charges on deposits and withdrawals?

How do I top up my balance?

When do I become eligible for a loan?

How do i request for a loan?

How do I pay back my loan?

What are the loan durations?

What rates am I getting on Monilock savings?

How do I withdraw from Monibac?

How does Refer and Earn work?

Is my information stored on Monibac safe?

Why choose Monibac?

Elevate your financial

game to the next level

Elevate your financial game to

the next level

Ready to get started?

Download the Monibac app