RenMoney Nigeria Reviews 72

TrustScore 1.5 out of 5

1.4

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Rated 1 out of 5 stars

DO NOT MAKE THE MISTAKE OF GETTING LOANS FROM THIS PEOPLE EVER! They will continue to add some annoying extra fees to your repayment even if you are paying on time. Adding 500 today, 100 tomorr... See more

Rated 1 out of 5 stars

Renmoney are fronting for fraud, run for your dear life and little money. So my experience goes like this with them. I requested for loan, which they APPROVED!! They asked for my mobile bankin... See more

Rated 1 out of 5 stars

I opened a save account and saved 109,000 Naira in one day and hoping to continue but to my disappointment I was logged out. I couldn’t login into my account again. I complained to their support team... See more

Rated 1 out of 5 stars

Well, that one star actually means TERRIBLE AND CHILDISH. I visited the site to apply for a loan and in order to fill my details, it only gave the option to navigate upwards or downwards to ind... See more

Company details

  1. Bank
  2. Financial Consultant

Information provided by various external sources

RenMoney MFB Limited is a consumer finance organization with expertise in the provision of simple money solutions i.e. the bridge between credit and cash flows.


Contact info

1.4

Bad

TrustScore 1.5 out of 5

72 reviews

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Hasn’t replied to negative reviews

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Rated 1 out of 5 stars

DO NOT MAKE THE MISTAKE OF GETTING…

DO NOT MAKE THE MISTAKE OF GETTING LOANS FROM THIS PEOPLE EVER! They will continue to add some annoying extra fees to your repayment even if you are paying on time.

Adding 500 today, 100 tomorrow, then calling you to say you have to pay 70 into your account here and there. Their customer service, very annoying set of people.

Rethink before taking loans from this people oh. Page Financials may be a better option.

28 February 2026
Unprompted review
Rated 1 out of 5 stars

Withdrew money into my Renmoney and it's yet to reflect

If there's anything below 1 star that's what I'll give
I withdrew money from weltrade account into Renmoney and I'm yet to see it for over 72 hours, I've sent several mails yet nothing is done
Weltrade has processed the money i sent the screenshot to Renmoney mail they confirmed the money and apologized but till today i haven't seen it
Very poor customer service

20 September 2025
Unprompted review
Rated 1 out of 5 stars

I was debited for a loan on my debit…

I was debited for a loan on my debit card and it didn't reflect... I have to go ahead and still pay for the loan by transfer... And reported to the Customer Care and nothing was done.... Renmoney is a scam and fraudulent in their activities... Avoid Renmoney concerning loans and Savings

13 August 2025
Unprompted review
Rated 2 out of 5 stars

Why are they taking %40

Why are they taking %40? Do you know what is %40? I just believe all the loan apps in are all fake and scams, federal govt needs to sanction Dem!!
Even CBN loan is %1-2
All. This apps have a sweet name that takes #100,000 repay #200 interest, then when you apply they will be giving you almost double interest rate

7 August 2025
Unprompted review
Rated 1 out of 5 stars

Renmoney is the biggest loan scam in Nigeria.

Whatever you do, never ever link your card on their app. The action will fail, but they will keep deducting your money and will not give you any loan. Renmoney is the biggest loan scam in Nigeria.

They are also into card charge fraud.

17 July 2025
Unprompted review
Rated 1 out of 5 stars

Renmoney is a scam

Renmoney is a scam. You take loan from them at your own risk. They keep debiting from your account at will even if you update your loan payment.

I was debited and even after remitting for the the month. They initially claimed they didn't receive my payment, that's why I was debited. I had to get my bank statement and forwarded to them. This took almost 2weeks to be resolved. They refunded with a lesser amount and they debited me again in the space of about 6hours.

THEY ARE REALLY UNRELIABLE AND FRAUDULENT

11 October 2024
Unprompted review
Rated 1 out of 5 stars

How I was scammed by renmoney micro finance bank

I opened a save account and saved 109,000 Naira in one day and hoping to continue but to my disappointment I was logged out. I couldn’t login into my account again. I complained to their support team for several weeks but no results. My advice for people is to be careful when transacting with this company.

3 June 2024
Unprompted review
Rated 1 out of 5 stars

Very Useless company

Very Useless company, with high interest rate and they increase it even after you’ve finished the loan process. I wouldn’t advise anyone to use them. Very useless company

7 June 2024
Unprompted review
Rated 1 out of 5 stars

TERRIBLE COMPANY

Renmoney is the most unreliable and terrible loan company. No one should use this company for anything. From their staff to the head, total rubbish and a joke. I haven't ever seen an incompetent company. If I could give them zero stars, I would. Avoid this company at all cost

5 December 2023
Unprompted review
Rated 1 out of 5 stars

Bad!!!!

Nothing good to write home about, it’s been more than 2 weeks I’ve e been trying to reach the customer service and till now no response

13 October 2023
Unprompted review
Rated 1 out of 5 stars

Very Bad experience

I genuinely wish there’s anything below 1star. this so called renmoney do not deserve a one star rating from me at all, I am suggesting that there should be a negative rating for platforms such as this so called renmoney. Let me start with the fact that this renmoney is a huge scam in disguise. They are so incompetent so unprofessional, please do not bother opting for them. I genuinely will not recommend for anyone. There’s no such thing as loan or instant loan with this people, they will waste your time and they will make sure they have all your details/data. Their app is useless their websites is useless the most useless platform that ever existed. They took all my time and details they have every information about me that of my next of king’s. I pray nothing happens to my money or that my next of king. not even a mail from them as to why am not eligible for a loan of ordinary #50,000 for someone who has an inflow of over #400,000 per month I called over 4times and nothing was done, neither did I get a mail as to why I am not eligible. I wish I have all the time to explain just how bad this platform is. Please “note” this people are scam ignore all the so called advert they all work hand in hand.

14 September 2023
Unprompted review
Rated 1 out of 5 stars

I sent in money to my Renmoney account…

I sent in money to my Renmoney account so it was above my limit but each time I try to make an upgrade it doesn’t work, it keeps say ID number mismatch and when I send a mail to them for transfer of fund they keep giving silly feedbacks which make me feel that I’m being frauded so I want to sue Renmoney MFB.

14 March 2023
Unprompted review

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