RENMONEY Microfinance Bank(MfB) Limited, Nigeria’s foremost consumer finance company, has said that it is offering up to N4 million collateral-free cash loans.
In a statement, the bank said that it is part of its commitment to providing simple money solutions, especially at a time when there is a temporary decline in the economy where a lot of people have missed opportunities due to financial limitations.
Chief Executive Officer of RenMoney MfB, Mr. Ian Abrahams said, “Money and time are limited resources that most people do not have enough of; we try to maximise our time, focusing only on the things that truly matter, spending hard-earned money to handle everyday situations as they happen.
“We wish we had more funds at certain times or we find ourselves in situations where the funds come in too late. At RenMoney, we understand how important money is, moreso money in hand. We want the people to have more control over their life and the things that matter to them, which is why RenMoney now offers up to N4 million collateral-free cash loans, so you can do even more,” Abrahams said.
The bank further said that the new increase in loan limit will serve as an opportunity for income earners to have increased financial leverage.
“Starting with the #LiveDifferent campaign earlier in the year, RenMoney has continued to show her resilience and commitment in providing simple money solutions that empower customers to do more. In this same manner, RenMoney recently kicked off her #Back2School campaign which empowers parents, guardians or scholars with up to N4 million collateral-free cash loans at competitive rates to finance their education or that of their wards,” the bank said.