How To Apply For MoniePoint Working Capital
By admin
The MoniePoint Working Capital Loans offer businesses a line of credit that’s proportionate to their capital or stake in the business. These loans are usually short to medium-term and can range from 7 to 120 days. In some cases, they can be automatically renewed, making it easier for merchants who use their Moniepoint account to access them.
With this facility, merchants will have access to a revolving credit facility that they can use to purchase more inventory and cover short-term working capital needs. This solves two significant problems, access to affordable credit and the convenience of accessing it whenever they need it.
Benefits of Getting A Moniepoint Business Loan
- No Collateral – Moniepoint offers businesses up to 90 million Naira with no collateral
- Low Interest Rate – With Moniepoint small businesses can enjoy low-interest loans capped at 10% per annum.
- Flexible Repayment Tenures – Moniepoint offers businesses an above-industry standard loan repayment tenure that matches the pace of your business.
- Quick Approvals – Another benefit many small business owners will like is that Moniepoint loans usually get approved within three days.
Read More: What’s The Right Time To Raise Capital For Your Business
How to get a working capital loan With Moniepoint
Step 1 – Confirm your eligibility
Confirm your eligibility for a loan by logging into your dashboard to see available offers.
Step 2 – Choose an offer
Choose an offer that best matches your business needs.
Step 3 – Receive the money
We review your choice and pay the money to your account in 1-2 business days.
Step 4 – Start repayment
Automatically repay the loan based on the agreed flexible repayment plan.
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