Peer-to-peer (P2P) lending is the process of lending money to individuals through an electronic system that matches lenders directly with borrowers. On the Beemonie platform, you are only able to lend to individuals but not to businesses.
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Beemonie is not a registered money lender and does not lend money. Beemonie has created a peer-to-peer lending platform in which we connect screened borrowers to lenders who are looking for a better return compared to a savings account and fixed deposits.
Beemonie is a Peer-to-Peer lending Application by Beemonie that connects verified borrowers to verified lenders with the goal of receiving a loan and funding a loan respectively.
Beemonie enables borrowers to obtain loans directly from lenders, cutting out middlemen and reducing the risk of default.
Beemonie operates primarily on your mobile phone, both Android and iOS.
Non-Nigerian residents cannot access the app. You can only register using a Nigerian mobile number. Services on the app are limited to Nigerian residents.
You can borrow through Beemonie if you:
Beemonie is not a registered money lender and does not lend money. Beemonie has created a peer-to-peer lending platform in which we connect screened borrowers to lenders who are looking for a better return compared to a savings account and fixed deposits.
Applying for a loan is the easiest thing to do on Beemonie! Once you are logged into Beemonie and have completed your loan profile, navigate to the Loan section, and fill in the necessary details for your loan request.
You can borrow from N5,000 to N2,000,000 for up to 12 months tenure. Your credit rating will determine the rate of interest you will pay on your Beemonie loan. The rate of interest at Beemonie is dynamic, based on market rate and your risk rating.
Interest rates vary across borrowers based on their individual credit assessment derived from our proprietary and scientific Beemonie Credit Algorithm.
Non-Nigerian residents cannot access the app. You can only register using a Nigerian mobile number. Services on the app are limited to Nigerian residents.
Your BVN is strictly for identity verification to help Beemonie kick against identity theft and protect your funds and transactions.
Beemonie does not and will not sell your personal and financial information to anybody. We keep your information confidential and ensure that only authorized Beemonie employees, the third party trusted companies, and any other authorized service providers will have access to your information.
Beemonie is not a registered money lender and does not lend money. Beemonie has created a peer-to-peer lending platform in which we connect screened borrowers to lenders who are looking for a better return compared to a savings account and fixed deposits.
This is to validate your identity and be sure you truly want to guarantee the loan. Your BVN will not be used for any other purpose.
Beemonie operates primarily on your mobile phone, both Android and iOS.
Non-Nigerian residents cannot access the app. You can only register using a Nigerian mobile number. Services on the app are limited to Nigerian residents.
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Analyze how much you can get as an instant loan and calculate your repayment plan conveniently with the Beemonie loan calculator.
Analyze how much you plan to lend and calculate the possible interest you will get in return with the Beemonie loan calculator.
