Menofund Loan, How to Apply, Interest rate, more

Through a user-friendly web and mobile app, Menofund is transforming the lending sector in Nigeria by offering quick, collateral-free microloans.

The specifics of Menofund loans are covered in this blog post, including interest rates, payback schedules, and a step-by-step tutorial on how to apply for a loan.

Interest rates and terms of repayment

For its microloans, Menofund provides adjustable interest rates and repayment terms:

  • The interest rate for loans for 30 days is 20%.
  • The interest rate on loans with terms of 60 to 90 days is 40%.
  • The minimum time frame for repayment is 61 days.
  • The maximum time for repayment is 90 days.
  • 40% is the highest possible annual percentage rate (APR).

For instance, you would pay back N140,000 (N100,000 plus 40% interest) if you borrowed N100,000 for 90 days.

How to Apply for a Loan from Menofund

  • Get the Menofund app now.
  • Utilize your email address and phone number from your income bank account to sign up for the app.
  • The Menofund verification email should be located in your inbox or spam folder.
  • Follow the instructions provided in the verification email for once-off new user verification.
  • Log in to the app and use your credit limit to borrow money.
  • Repay the debt within the allotted time.
  • If you are a new user, take note that your credit limit won’t increase until Menofund has approved your one-time new user verification process. After you have successfully completed the verification process, this could take up to 48 hours.

Limit the number of registrations.
To prevent being added to a blacklist, make sure not to attempt to register more than once.


For Nigerians looking for immediate microloans without collateral, Menofund is a creative option.

Menofund offers a practical platform to access funds for both personal and corporate growth, with variable interest rates and repayment options. Visit to find out more about Menofund and to apply for a loan.

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