Pay Back Trader Moni Loan to get more loans ranging from 100,000 and above. Some petty traders who get paid through Federal government free loan (Trader Moni Loan Scheme) are yet to pay back their loan. At the end of this article you will the benefits of paying back Federal government free loan scheme (TRADERMONI).
Many have benefited from Federal government free loan scheme through trader moni, while some are yet to register. The online registration is free and is opened for Nigerians petty traders across the 36 states of the Federation.
Benefits of repaying back Loan
Trader Moni Loan starting from N10,000 up to N300,000, have helped beneficiaries to transform their businesses. You can get up to 500,000 while paying.
When you repay your loan, you are automatically qualify for the next stage and you stand a chance of getting loan up to 500,000.
Recently, BoI commences second level Tradermoni disbursements as beneficiaries repay loans: The Bank of Industry (BoI) has begun the disbursement of N15,000 TraderMoni loans to beneficiaries who have successfully paid back their first N10,000 loans. According to the Bank, the disbursement is in response to the increasing beneficiary repayments recorded under the scheme. Through a flexible weekly loan repayment plan of N430 per week paid over six months, the bank recorded high repayment of loans.
How to Pay Back Trader Moni Loan 2019
The loan is only being administered by BOI, being a bank with the structures and processes to reach out applicants
Trader Moni Loan 2019 Repayment can be done when you exceeded the six month grace period. You can pay back through BOI or any enumerator agents nearest to you or meet any Trader Moni Loan agent for directive on how to pay back.
Steps to follow:
- Pay using One Card i.e ATM card
- Pay through a trader moni agent near you
- Walk into any of the following banks Union Bank, Wema Bank, GTB, UBA, Ecobank Fidelity Bank, Sterling Bank, Heritage Bank, Jaiz bank.
- Get more here www.tradermoni.ng