Monthly NG - Quick Rent Loans Android

Monthly NG - Quick Rent Loans

Rent Now Pay Later - Up to ₦5m in 24 hours

Features & Capabilities

PLEASE READ REQUIREMENTS FIRST:

- 18 or over
- Earning at least ₦50,000 a month
- Living & Renting in Lagos, Nigeria

ABOUT THE APP

We pay your landlord, you pay us back…monthly. Easy-access, zero-collateral financing with a fixed monthly interest rate tailor-made for YOU and your pockets

Get Pre-approved in 24 hours
Sign up and enter your information to help us get to know you and your unique financial situation. Let us know how much you need and how long you want to pay back for. Get a verdict in just 24 hours.

Lowest Interest Rates
The faster you pay back, the cheaper it is. Interest on your rent financing is calculated on your balance remaining as opposed to your total initial finance amount.

Zero Collateral, Zero Cosigner
You do not need to submit any form of collateral or need to have a guarantor or cosigner.

Zero Harassment
We will never compromise your dignity or privacy. We understand that life happens and sometimes you can’t make payments exactly when you want to. We will never harass your colleagues or family.

Make payments through the app
Simply open the app to easily make payments when due or earlier through direct pay or to notify us when you’ve made a bank transfer.

Minimum repayment period is 4 months.
Maximum repayment period is 12 months.
Minimum annual percentage rate (APR) is 20.5%.
Maximum annual percentage rate (APR) is 62.6%.
Rate depends on personal circumstances.

https://monthly.ng/privacy-policy

Representative example:

Loan amount: ₦500,000
Tenure: 12 months
Monthly repayment: ₦51,741.97
Total repayment: ₦620,903.64
One time fee: ₦20,000
Interest: ₦120,903.64
Total cost: ₦140,903.64 (28.18%)

User Growth & Download Statistics

App
By:
Instalment Solutions Limited
Downloads:
178,744
Rating:
3.86
(282)
Version:
1.2.3 Last updated: 2023-09-28
Creation date:
2022-07-14
Email:
su*****@monthly.ng
URLs:
Website ,Privacy policy
Full description:
See detailed description
Source:
Google Play Store
Data ingested on:
2025-02-20
Compare stats and ranking:

Contact the developer

Chrome-Stats does not own this Android app. Please use these information below to contact the Android app developer.
Developed by:
Instalment Solutions Limited
Google Play Store
https://play.google.com/store/apps/details?id=ng.monthly.mobile
Email:
su*****@monthly.ng
Website:
https://www.monthly.ng

User Reviews

Pros
  • Easy registration process
  • Customer service is supportive and responsive
  • Functional app with smooth navigation
  • Clear terms and fair interest rates
  • Loan disbursement without hidden charges
Cons
  • Long review process for loan applications
  • Frequent issues with uploading documents, particularly bank statements
  • Loans often rejected without clear reasons or after prolonged waiting
  • Requests for unnecessary sensitive information
  • Inaccurate address verification leading to loan application denials
Recent reviews
They don't give loan to business owners which is not a problem but why is the option there. And why is it untill that I have sent in all my details before this information is made aware to me. That's messed up
by Am*****, 2025-01-23

Very stupid app.... Applied for over a week now ... Review of 1-2 days is taken forever.. you can't even decline ... If you're not going to disburse why stress us and make me waste my precious time to download and fill my informations ....
by Mu*****, 2025-01-21
View all user reviews ›

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