Many borrowers usually have it in mind that they’re restricted to certain loan amount to be disbursed even if they’re not a first timer. Well, this is completely correct.
Even though you’re a recurring borrower on Moniepoint, you cannot go beyond limit. In other words, Moniepoint Loan is not unlimited. You will also meet a disbursement limit.
In this article, I’m going to explain to you what Moniepoint Loan Limiy means. In return, I beseech you to join our social media platform so that you can get our latest updates immediately we publish them.
Moniepoint Loan Limit in Nigeria
Moniepoint is still offering a working capital loan in Nigeria in 2024. As a beginner, you may receive up to N1,000,000 if your business transaction history is tangible and get eligible for it.
The N1,000,000 loan disbursement is the maximum limit for moniepoint business owners that want to get working capital from the company for the first time.
While some users can get as low as N50,000 loan limit, you need to understand that Moniepoint loan limits are determined by various factors including business level of KYC, inflow and outflow transactions, credit score and business credibility. You can also use the Moniepoint Loan Calculator to determine your loan limit.
However, either your loan limit starts from N1,000,000 or N50,000, the disbursement limit will keep increasing (I.e going higher) if you repay the loan in due date and maintain a good credit score. Here’s how to check your credit score for free in Nigeria. You can also learn how to make money selling Moniepoint ATM Card.
