Is Airmoni Loan App Legit? Requirements, Download, How to Apply

Airmoni is a loan app to its customers in Nigeria. It allows users to apply for loans up to ₦500,000 through its app that can be downloaded from the play store.

If you need urgent cash you might want to check this new app out.

Key Features of Airmoni:

Loan Amounts: Users can borrow loans starting from ₦10,000 to ₦500,000.

Loan Term: The loan term can begin from 7 days to 60 days for short term and up to 180 days for long term loan. Most new users get only a week duration for a start.

Interest Rates

Airmoni claims to charge a daily interest rate of 0.05%, with a maximum annual interest rate of 18%. For example, if you borrow ₦50,000 for 91 days, the interest would be ₦50,000 * 0.05% * 91 = ₦2,275. The total repayment amount would be ₦52,275, with monthly payments of approximately ₦17,425.

However, in most cases, this is not so. We’ve heard complaints of outrageous interest rate and short period. We advice you to double check on interest before toy take any loan from them.

Airmoni Loan Requirements

To qualify for a loan with Airmoni, you must:

• Be Nigerian citizens over 18 years old.
• Have a valid bank account.
• A working bvn

How to Apply for Airmoni Loan

1. Download and install the Airmoni app from the Google Play Store.
2. Register and log in with your Nigerian mobile phone number.
3. Fill in your basic information.
4. Add bvn and other details
5. Select and fill in the bank account information where you want the loan to be disbursed.

Contact Information:

For assistance or inquiries, you can contact Airmoni customer care at support@commercemen-trading.com or by phone at +234 8069479839.

Is Airmoni Loan Legit?

Airmoney loan app is legit? Many Nigerians have borrowed money from it. The app presently have 4.4 out of 5 ratings and over 100k downloads. However, you should take caution when taking loans and check interest and repayment terms before taking out loans from them.

Many loan apps have recently been removed from Google play due to the ur inability to follow guidelines and proper government approval. For Airmoni, the app is still available for download on Google play.

Conclusion:

Airmoni provides a convenient solution for Nigerians seeking quick access to personal loans. With its user-friendly app and transparent terms, it stands as a viable option for those in need of financial assistance.