The Moniepoint loan app is a personal and business mobile banking app that allows you to send and receive money, pay bills, buy airtime, borrow money, and use other financial services. The Moniepoint loan app has two separate mobile apps, one for the business banking app and the other for the personal banking app. In the Moniepoint business app, you can access Moniepoint services such as POS, business accounts, and working-capital loans.

The Moniepoint App is fully licensed by the Central Bank of Nigeria (CBN) and insured by the Nigeria Deposit Insurance Corporation (NDIC), making it one of the safe and trusted options for banking and loans.

Moniepoint Loan App User Reviews and Ratings

The Moniepoint app is one of the most trusted mobile applications across app stores; it holds a 4.6-star rating from over 90,000 reviews on the Google Play Store.

In the Apple App Store, the Personal Banking app is rated 4.4 stars, while the Business app is rated 4.5 stars.

Many users recommend the app for its smooth money transfers, simple design, and reliable customer support. Some say the app helps them in managing their finances easily, though a few mention minor interface issues, which Moniepoint fixes.

Moniepoint Loan App Features

The Moniepoint app is designed to serve individuals and businesses with convenience, flexibility, and security in two platforms. The app offers a variety of tools to manage your personal finances and your business. Here are the app features and what you can do with Moniepoint:

Personal Banking App Features

• Money Transfers: With the Moniepoint personal banking app, you can send and receive money instantly to Moniepoint users or to accounts in other banks.
• Bill Payments: You can pay essential bills like electricity, TV subscriptions, airtime, and data directly from the app.
• Airtime & Data Top-Up: The app allows you to recharge your line or buy airtime and data for friends and family quickly and securely.
• Savings Plans: You can grow your money with flexible savings, strict savings goals, or fixed deposits, all with competitive interest rates.
• Loans: You cannot access loans using the Moniepoint personal banking app.
• Debit Card Services: You can request a Moniepoint debit card and manage your card from within the app.
• Card Dispute Resolution: If your transaction fails, you can raise a dispute in the app and track it until the reversal is completed.

Click here to download Moniepoint personal banking App

Business Banking Features

• Business Account: You will be able to open and verify a business account with your company name; it’s simple and has no hidden fees.
• POS Terminals: You can request a POS in the Moniepoint business banking app.
• Expense Cards: The app allows you to issue expense cards for your staff, set spending limits, and monitor transactions to keep expenses under control.
• Business Management Tools: It comes with built-in tools like expense tracking, bookkeeping, and accounting support to manage your business smoothly.
• Loans for Growth: You can get quick, collateral-free working-capital loans to scale your business and manage cash flow more effectively.

Click here to download the Moniepoint business banking app

Extra Features

• Virtual Card: You can generate a virtual card for online transactions.
• USSD Banking: You can activate USSD banking to carry out basic transactions like airtime purchases and balance checks, even without internet access.
• QR Code Payments: You can make and receive payments instantly using QR codes.
• Real-Time Notifications: It comes with real-time notifications to stay updated on every account activity.
• Transaction History: You can view and download your transaction records to easily track and manage your finances.

How to Download and Set Up the Moniepoint App

Getting started with Moniepoint is easy. The two apps are available on both Google Play (Android) and the Apple App Store (iOS). Below is how to download the app:

1. Download the app: search for the “Moniepoint Personal Banking” or “Moniepoint Business Banking” app on the Google Play Store or Apple Store. Then download the app and activate it.
2. Register: create an account using your phone number, email, or BVN.
3. Create your password and transaction PIN.
4. Complete KYC verification with your BVN or NIN and take a selfie for identity confirmation.

Once you are done and your account is ready to use, you can start making transactions, or as time goes on, you can apply for loans.

See Also: How to Get a Loan from Moniepoint in 2025 (Moniepoint Loan Guides)

For users without smartphones, you can visit the Moniepoint offices nearest to you to open either of the two accounts, because you cannot use the Moniepoint USSD code *5573# to open an account. You can only open a Moniepoint account using the app or at Moniepoint offices.

Conclusion

The Moniepoint Loan App is one of the most reliable digital banking solutions in Nigeria. The app offers many mobile banking services for business and personal use. If you are a business owner in need of working capital, Moniepoint provides a convenient way to access funds. Read our next article to see how to get a loan from Moniepoint.