How To Borrow Money From Moniepoint In 2025/2026

Are you searching for a detailed step by step guide on how to borrow money from moniepoint in 2025/2026, if yes, then you’re in the right place.

In this article, I explained everything you need to know about moniePoint loan, including Who Is Eligible for a Moniepoint Loan, Moniepoint Personal Loan Requirementsand more.

Let’s get started

Who Is Eligible For A Moniepoint Loan

Before you apply, you should check if you qualify. According to multiple sources:

• Moniepoint loans are primarily meant for businesses (especially merchants, POS agents, small-business owners) rather than ordinary personal loans for anyone.
• You must be at least 18 years old.
• You must have a valid BVN (Bank Verification Number) linked to your Moniepoint account.
• For business-loans: you must have an active Moniepoint business account, and typically some transaction history (using the account or POS).
• Some sources say you need your business registered (CAC certificate) and a ledger (business records) for a period (for example 6 months) to show transaction history.
• Even if you meet the minimum age and account status, you may still need to wait until the system identifies you as eligible (based on your account-activity) before the “Loan” offer appears in your dashboard.

Note: If you are a business owner, or use Moniepoint for business transactions (especially via a POS terminal), and your account is active and verified, you stand a good chance of being eligible.

If you are simply an individual looking for a personal loan and you’ve not used Moniepoint for business, you may not be eligible (or the product may not be offered to you).

How Can I Borrow Money In My Moniepoint Account

Here is a straightforward step-by-step process for borrowing from Moniepoint:

• Open a Moniepoint business account (if you haven’t yet). Download the Moniepoint app (Business Banking) or visit the official Moniepoint website to register. Complete your KYC, verify your BVN, etc.
• Use it actively for business transactions. Make sales, receive payments, operate a POS if you are a merchant, etc. Over time the system will evaluate your activity.
• Check your dashboard for the “Loan” or “Credit” section. Once Moniepoint determines you’re eligible, you’ll see an offer or invitation.
• Select your loan offer – choose the amount you want (within your available limit), and choose the repayment plan as allowed.
• Submit required documents if asked: For business loans, you may need a CAC certificate, shop rent receipt, business ledger, or similar proof of business. For simpler cases you may not need many documents.
• Loan approval and disbursement: Once approved, the funds are credited into your Moniepoint business account (or designated account) — typically within 1-3 business days (sometimes faster).
• Repay according to schedule: There will be a repayment plan (daily, weekly, monthly) based on your loan. On-time repayment helps your future eligibility and limit.

Important tip: If you don’t immediately see the loan option, keep using your Moniepoint account heavily for business transactions – the system builds your credit-profile.

Moniepoint Personal Loan Requirements

Here are the core requirements that Moniepoint asks of applicants (especially business-loan applicants; note: personal loans may be limited). Based on current info:

• You must be a Nigerian resident/citizen, 18 years or older.
• Valid BVN linked to Moniepoint account.
• Active Moniepoint business account (some sources say you must have had it for at least 6 weeks) with consistent transaction history.
• For business: valid business registration (CAC certificate) and/or business ledger showing your business has been running.
• Good credit-history or responsible repayment history (if you’ve borrowed or used credit before) may be considered.
• If requested: shop rent receipt or proof of physical business location.

Note: Many sources emphasise that Moniepoint is not offering general personal-loans (for everyday personal expenses) across the board; their focus is business loans or loans for merchants/agents.

Moniepoint Website For Loan

If you want to apply via the website, go to the official Moniepoint site:

The official site: moniepoint.com — you can explore their “Business Banking” or “Working Capital Loans” sections. Alternatively, you can use their mobile app (available on Android Play Store) for business banking functions.

When you log in to your business dashboard you should see any available loan offers, or you may see a “Loans” or “Working Capital” menu. According to the Moniepoint blog, you can apply online through the website or mobile app.

What Is The Code For Moniepoint Quick Loan

You may have heard of USSD codes (short-dial codes) in Nigeria for various bank services. Regarding Moniepoint:

Moniepoint has a USSD code *5573# for mobile money services (transfers, bills) but this code is not used for loan applications.

Therefore: There is no dedicated short‐code you dial to instantly request a loan with Moniepoint. You must apply via your app/website when you have the “Loan” offer in your dashboard.

In other words: If someone claims they can give you a Moniepoint loan via a USSD code, you should be cautious. The process is through the platform when you’re eligible, not by code-dial alone.

How Long Does It Take To Get A Loan from Moniepoint

One of the major concerns when borrowing is how long the approval and disbursement process takes. For Moniepoint:

According to the Moniepoint blog: loan processing time takes 24 – 72 hours after application. Other sources say it may be “1-2 business days” once you are eligible and have met the requirements.

Note: The time refers to disbursement after approval. The time until approval may depend on your transaction history and verification.

So, if everything is in order (you’re eligible, documents/verification done), you could expect funds in your account within a few business days. If you’re not yet eligible or the verification is incomplete, you may need to wait longer.

Moniepoint Loan Interest Rate

Understanding interest and cost of borrowing is crucial. For Moniepoint loans:

Interest rates are not always fixed publicly. They depend on factors such as your creditworthiness, amount borrowed, repayment plan, and business profile.

One source indicates that for working-capital/business loans, effective interest rates are in the range of 24%–40% per annum. Another source suggests “personal loan rates” (though note Moniepoint emphasizes business loans) being between 5% and 20% (but this may be less reliable).

Because interest depends on your individual profile, it’s important before you accept a loan to check exactly what rate applies (annualised %), what fees are included (management fees, service charges), and how frequently deductions will occur (daily, weekly, monthly).

The Moniepoint blog says there may be management fees in addition to interest.

Note: Borrow only what you can repay comfortably, and fully understand the repayment schedule.

How To Borrow Money From Moniepoint Without BVN

One of your questions is whether you can borrow from Moniepoint without a BVN (Bank Verification Number). Based on available information:

All credible sources list a valid BVN linked to your account as a requirement. There is no verified public indication that Moniepoint offers a loan product that bypasses the BVN requirement.

Therefore: Borrowing without BVN is highly unlikely and should be considered risky if promised by a third-party.

If you encounter someone claiming you can get a Moniepoint loan without BVN, treat it with caution — it may be a scam.

Frequent Asked Questions – FAQs

Does Moniepoint Give Loans In Nigeria

Yes, Moniepoint does offer loans in Nigeria, particularly business loans (working capital, overdrafts) for merchants, agents and business account-holders.

However, the product is not broadly advertised as a general personal loan service available to all individuals. Make sure you meet the eligibility criteria and that the loan offer appears in your dashboard.

Is It Safe To Borrow Money From Moniepoint

From what is publicly available: Moniepoint is a legitimate fintech company operating in Nigeria. They appear to have transparent information about loan eligibility, disbursement times, and use standard verification.

That said, any borrowing involves risk: you must read the terms, understand interest & fees, ensure your capacity to repay, and avoid over-borrowing.

Always verify that you are using the official Moniepoint website/app (not a scam clone) and never pay upfront fees outside the standard process.

Which Bank Gives A Loan Easily

Easily” is subjective — many banks and fintech lenders in Nigeria advertise quick personal/business loans. However, “easy” does not mean no verification, no cost, or no risk.

If you want alternatives, you could compare other fintech lenders or banks that offer quick business-loans or overdrafts.

But bear in mind: the easier it is to access, the more you should check the interest, fees and the repayment schedule. Responsible borrowing is key.