GoMoni Loan App

In recent years, mobile loan apps have become a popular source of quick and convenient loans. GoMoni is one such app that offers instant loans to its users. In this review, we will examine the GoMoni loan app and everything you need to know about it.

Overview Of GoMoni

GoMoni is a mobile loan app that provides instant loans to its users. The app is designed to offer quick and easy loans to help users meet their financial needs. The loans provided by GoMoni are unsecured and require no collateral or guarantor. The app is available for download on both Android and iOS devices.

How Does GoMoni Work?

To use the GoMoni loan app, you need to follow these steps:

  1. Download the app from the Google Play Store or App Store.
  2. Register by providing your personal information, including your name, phone number, and email address.
  3. Complete the KYC process by uploading a valid ID card and a selfie.
  4. Apply for a loan by selecting the loan amount and repayment period.
  5. Receive the loan in your bank account within minutes of approval.

Eligibility Requirements For A GoMoni Loan

GoMoni is a Nigerian fintech company that provides quick and easy loans to individuals and small businesses. To be eligible for a loan from GoMoni, you need to meet the following requirements:

Age: You must be at least 18 years old.

Bank account: You must have an active bank account.

Employment status: You must have a source of income, either through employment or a business.

Resident status: You must be a resident of Nigeria.

Credit history: GoMoni considers your credit history when evaluating your loan application. A good credit score increases your chances of getting approved for a loan.

Loan amount: The loan amount you can receive from GoMoni depends on your creditworthiness and ability to repay the loan.

Loan purpose: GoMoni loans are typically given for personal or business use.

How To Borrow Money From GoMoni Loan App

If you meet the eligibility requirements for a GoMoni loan, you can follow these steps to borrow money using the GoMoni Loan App:

  • Download the GoMoni Loan App: You can download the GoMoni Loan App from the Google Play Store for Android devices or the App Store for iOS devices.
  • Register and apply for a loan: Once you’ve downloaded the app, register and complete your profile. Then, select the loan amount and duration you want to borrow and fill out the loan. You will also be required to provide personal and financial information during the application process.
  • Wait for loan approval: GoMoni’s automated system will evaluate your loan application and provide a loan decision within a few minutes.
  • Accept and sign the loan agreement: If your loan application is approved, you’ll receive a loan offer. Review the loan offer and accept it if satisfied with the terms. You’ll then be required to sign a loan agreement electronically.
  • Receive funds: Once you’ve signed the loan agreement, the funds will be disbursed to your bank account within a few minutes.
  • Repay loan: Repay the loan on or before the due date via the GoMoni Loan App or through bank transfer.
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How Much Can I Borrow From GoMoni Loan App?

You can borrow between N10,000 and N100,000 from GoMoni, provided you are eligible for it.

GoMoni Interest Rate

The Annual Percentage Rate (APR) of GoMoni is between 24% and 56%.


If the loan amount is NGN5,000, the loan term is 180days, and the interest rate is 12%, the total interest should be;

NGN5,000×12%= NGN600.

The total repayment amount would be NGN5,000+ NGN5,000×12%= NGN5,600.

GoMoni Repayment Term

The loan repayment term or tenure is flexible. However, it is between 3 months and 12 months.

Pros of GoMoni Loan App

The advantages of the GoMoni loan app include the following;

  • Quick and Easy Loan Approval: With GoMoni, users can get instant loan approval and disbursement within minutes of applying.
  • No Collateral or Guarantor Required: GoMoni offers unsecured loans, which means that users do not need to provide any collateral or guarantor to secure the loan.
  • Flexible Repayment Options: GoMoni offers flexible repayment options, with loan tenures ranging from 91 to 365 days.
  • Competitive Interest Rates: GoMoni offers competitive interest rates, starting from 5% and 24% to 56% APR.
  • User-Friendly App: The GoMoni app is easy to use and navigate, with a user-friendly interface.

Cons of GoMoni Loan App

The disadvantages of the Gomoni loan app include the following!

  • Limited Loan Amount: The maximum loan amount offered by GoMoni is ₦500,000, which may not be sufficient for users with larger financial needs.
  • High Processing Fee: GoMoni charges a processing fee of 5%, which may be higher than other loan apps.
  • Late Payment Fee: GoMoni charges a late payment fee of 1% of the outstanding amount, which may increase the cost of borrowing.

GoMoni Customer Care Contact

You can reach out to GoMoni through the following;

Service Email: support@gomoni.loan

Head Office Address: 1-11 Thorborn Ave, Sabo Yaba 101245, Lagos, Nigeria


In conclusion, GoMoni is a reliable and user-friendly mobile loan app that offers instant loans to its users. The app provides quick and easy loan access without collateral or a guarantor.

While there are some cons to using the app, such as the limited loan amount and high processing fee, the competitive interest rates and flexible repayment options make it an excellent choice for users in need of quick cash.

Feel free to ask your questions in the comments section.