Trader Moni Loan 2023 registration application form is now available on the registration portal and the other required documents you are to attach when registering are included here. You’re to complete the trader moni registration process if you want to take advantage of the Federal Government’s trader moni boi scheme. Contrary to Market Moni registration, which necessitates membership in an accredited market cooperative or group, registering for a trader moni loan only needs that you locate a trader moni representative in your state.Your information will be collected by the agent, which will include:
- Your full name
- Date of birth
- Gender
- Your Home address
- Phone number
- Email address
- Geo-political zone
- Trader type
Trader type could be :
- Food Stuff Vendor
- Product Vendor
- Telcom Service Vendor
- Clothing and Wears Vendor
- Other Product/Service Vendor
After you complete your trader moni application, you will have to wait for a text message from trader moni. If you qualify, you will receive a text message with a code you will dial to get the funds.
How To Transfer Trader Moni To Bank Account
You can use eyowo mobile app to transfer trader moni to your bank account. You can download eyowo app from Google play store (for Android) or the Apple app store (for iPhone, and iPad). If you are not connected to the internet or you don’t own a smartphone or you simply prefer using USSD for transactions, simply dial *4255# and follow the prompts.
How To Pay Back Trader Moni Loan
The TraderMoni loan is designed for payback within the 6months to enable access for others. It is important that you apply for an amount you can repay comfortably over 6 months.
To repay your TraderMoni Loan, walk into any of the following banks, GTB, UBA, Ecobank, UnionBank, Stanbic, Sterling, Wema, Fidelity, Heritage, and Jaiz.
As soon as you pay back, you can apply for a trader moni loan of a higher amount.
“At the beginning, you can access N10,000 and pay back N10,250 to qualify for N15,000. Once you pay back N15,375 you will qualify for an N20,000 loan, when you pay back N21,000 you will get N50,000. All these stages have a duration of six months intervals to pay back.”
How To Find Trader Moni Agents
You can check trader moni website for the contact of their agents across Nigeria. You can also ask @trader_moni on Twitter
Trader Moni Loan Terms
- Loan Tenor: 6 Months
- Administrative Fee of 2.5% (No other charges).
