iMoney loan requirements shows that you must have an Android device, as the app is not available on the Apple App Store for iPhone users. This means if you have an iPhone, you won’t be able to download and use the iMoney app directly from the Apple Store.
Introduction
iMoney is an instant loan app in Nigeria that helps people get money fast. You can borrow between ₦8,000 and ₦200,000, and you have time to pay back from 91 days to 365 days.
The app is safe and keeps your personal and financial information secure.
When you borrow money from iMoney, you don’t have to worry about hidden fees. There is no service fee, which means you only pay back what you borrowed plus some interest. T
he interest rate is called APR (Annual Percentage Rate), and it can be between 12% and 50%. This depends on how much money you borrow and how long you want to keep it.
Let’s say you borrow ₦5,000 with an APR of 36.5% for 180 days. Here is how it works:
You take the ₦5,000 and multiply it by 36.5%, then divide by 365 (the number of days in a year), and multiply by 180 days (the time you have to pay back).
The calculation is ₦5,000 × 36.5% ÷ 365 × 180 = ₦900. So, you will get ₦5,000 in your account and need to pay back ₦5,900 in total (₦5,000 plus ₦900 interest).
If you want to pay everything at once, you just pay ₦5,900 after 180 days. If you want to pay bit by bit every month, you divide ₦5,900 by 6 months, and that means you pay about ₦983 every month until you finish paying.
it is a good choice because it gives you time to pay back your loan, and it does not surprise you with extra fees. The app is simple to use and very safe, so you don’t have to worry about your information getting into the wrong hands.
Many people need money for emergencies, school fees, or other important things. they understands this, and that’s why they make it easy for people to borrow money quickly. You can apply, and if you are approved, you get the money straight to your account.
it is a smart way to get money when you need it. It’s fast, simple, and safe, with no hidden fees. You just pay back the loan and interest.
If you need quick cash, iMoney can help you with flexible options and easy repayment plans. It’s a great way to handle your money needs without stress.
History and overview
iMoney is a loan app owned by XGO Finance Limited. The boss of the company is Ahmad Malik. They have an office in Lagos, Nigeria. The address is 2nd Floor Wing A, South Atlantic Petroleum (SAPETRO) Towers 1, Adeola Odeku Street, Victoria Island, Lagos.
iMoney was made to help people in Nigeria get money quickly when they need it. The app became popular because it is easy to use, and there are no hidden fees. You can borrow money fast, and they give you time to pay it back.
If you have an Android phone, you can download it from the Google Play Store. But if you have an iPhone, you cannot get it from the Apple Store. iPhone users can still get the app’s APK file from local blogs.
XGO Finance Limited wants to make sure that the app is safe, so they use strong security to protect your personal and financial information.
This makes many people trust iMoney when they need a loan. The company makes borrowing simple, and you don’t have to worry about extra charges.
Ahmad Malik, the CEO, works hard to make sure the app is good for customers. Because of his work, many people can now borrow money easily. The company’s office in Lagos is where they manage the app and help customers with any questions.
In a short time, it has become a favorite loan app for many Nigerians. It helps people get the money they need without stress. XGO Finance Limited has made borrowing simple, safe, and easy with them, so more people can solve their money problems quickly.
Requirements
Android device
To use the iMoney loan app, you must have an Android device, as the app is not available on the Apple App Store for iPhone users.
This means if you have an iPhone, you won’t be able to download and use the iMoney app directly from the Apple Store. However, if you have an Android phone, you can easily download the app from the Google Play Store and apply for a loan.
For iPhone users, the only way to get the app is by finding the APK file from local blogs, but it’s important to be careful and make sure it’s a trusted source.
App or APk
To use the iMoney loan app, you can download it directly from the Google Play Store if you have an Android phone. This is the easiest and safest way to get the app.
If you can’t find it there or prefer another option, you can download the APK file from local blogs or websites. Make sure you download the APK from a trusted website to avoid any security risks.
Once you have the APK file, you can install the app on your Android device and start applying for loans.
Source of income
To get a loan from the iMoney app, you need to show that you have a source of income. This means you must have a job, a business, or any other way that you regularly earn money.
iMoney needs to see that you have a way to repay the loan before they can approve your application. This helps them make sure you can pay back the money you borrow on time.
Age and citizenship
To use the iMoney loan app, you must be at least 18 years old and a citizen of Nigeria. This means you need to have reached the legal age for borrowing money, which is important for entering into loan agreements.
Being Nigerian ensures that you meet the app’s requirements for eligibility, as it is designed specifically for people living in Nigeria.