Who is RenMoney?
Ren money is a microfinance bank which offers the general public various loan facilities. These loans range from school fees loans, normal cash loans and more. They also provide loans for you to buy your smartphone and pay later and also loans for employees. Ren money microfinance bank is dedicated to helping Nigerians find solutions to money problems which keep coming up. This is because they know what is like to be faced with financial challenges which seem to be too heavy to bear.
The microfinance bank is the first in Nigerian to launch cloud technology for handling its financial operations. This cloud technology makes it easier and safe to carry out any loan operation you will have with the bank. With RenMoney cloud technology, you can receive your loan to any account of your choice and at any time and day. They provide you with the simplest solutions to your money problems using the most advanced and secure means.
RenMoney – School Fees Loan
Everyone has felt the burden of having to pay school fees for months. And most people know what its like to be sent of school for not paying school on time. With RenMoney, this will cease to happen to you or your loved ones. Both adult and kids are able to have their education sponsored with ease and minimal stress.
The school fees loan is paid, on your behalf, to the school directly. What this means is you don’t have to be stressed out thinking about where the money for school fees will come from. Once the money has been paid by REN money to your school, all that is left is payback school fees loan at your convenience.
One of the best things about RenMoney is that you don’t need a collateral. What this means is that you don’t need to make a down payment or deposit or even use any of your property as a collateral. This is what many see Ren Money MFB as the best solution to their school fees problems.
The duration of Ren Money school fees loan differs from person to person. The minimum loan duration you can have is 3 months and the maximum is 12 months. They also offer interest rate for as little as 3% making it very affordable. And you don’t have to be worried about any legal laws because is it regulated by the Central Bank of Nigeria.
What You Need to Get RenMoney School Fees Loan
- You have to be between the ages of 22 and 59 years.
- A steady stream of income.
- You must be confirmed by your employer as a staff.
- Functional current or saving bank account.
- You will need a valid I.D.
- Also a school fees invoice from the school.
Having all these ensures that you don’t face any troubles when trying to apply. It also guarantees a successful application process. The valid I.D needed could either be an international passport, driver’s license or your national I.D card. Any of these three will be enough to successfully apply. You only need an invoice to apply if your school is not in partnership with Ren Money.
How to Apply for RenMoney School Fees Loan
To apply for Ren money school fees loan, you just have to meet your school or your child’s school and get the process started. When applying through your school, you get cheaper rates and it is much faster. It is important you know that only schools who are in partnership with RenMoney microfinance bank can you apply through. If your school is not in partnership with Ren Money, follow the steps below.
- Get a school fees invoice from the school.
- Fill the school fees loan form with your correct details.
- You will receive a notification if you have been approved.
- Get the documents needed for any RenMoney office near you.
- The money will be deposited in the specified bank account immediately.
The documents needed by any Renmoney representative have been mentioned above. Follow these steps in order to get school fees loans easily. To find out if your school is in partnership with Ren money send an email to firstname.lastname@example.org. Also, to introduce your school to Ren money, send your school’s contact details to the same email address mentioned above. If you would like to speak to a Ren Money representative dial 01-280-2360 and you will be directed to a representative of RenMoney microfinance bank.
RenMoney School Fees Loan Form
To get the RenMoney school fees loan form is very easy, all you have to do is follow the steps which I will state below and also fill the form. Before you fill the form you should be aware of the things need in order to fill the form successfully. Here is how to get the RenMoney school fees loan form.
- Visit the official RenMoney site.
- Click on school fees loan.
- Scroll down and click on school fees loan click to apply.
- Fill the form and click submit.
The official RenMoney website is www.renmoneyng.com. To fill the school fees loan form, you will need to have certain details which make things easier for you. Having them close by ensures that filling the form is fast and stress-free. You can fill the form with your smartphone or computer. To fill the form, here is what you will need;
- Your full name.
- A functioning email address.
- Your phone number.
Once you have clicked on submit, a representative of RenMoney will contact you either by email or through your phone number. This is to begin the next phase of the application. Always check your email or look out for calls from unknown numbers.