Addmoney Loan App - How To Borrow Up To ₦500,000 On Addmomey Without Any Mortgage

Most loan institutions usually issue for a mortgage or collateral before you can request a loan, but things have changed now. With Addmomey Loan, you can borrow up to ₦500,000 without mortgage.

A lot of people are unable to get loans from their respective banks and some loan apps due to mortgage and collateral problems. 

Mortgage is the most difficult part when it comes to anything loans. As a result of this, I decided to come up with a content on how to borrow up to ₦500,000 on Addmomey Loan without mortgage.

What is Addmoney Loan? 

Addmomey Loan is a reliable loan platform that offers quick loan to individuals without any mortgage. The loan platform is trustworthy, all transactions on Addmomey app are secured and with a good credit, you can borrow up to ₦500,000 on the loan app.

The app is easy to use. In other words, you can easily navigate the app and the official website. 

Are you still looking for the best online loan platform where you can borrow money from? Download the Addmomey Loan app and start requesting for loans without mortgage. 

Addmoney Loan app (APK) 

The Addmomey App Android version can be found on Play Store. You can download the Android version directly from here.

Addmoney Loan review 

Addmoney Loan is a legitimate loan platform that offers loan and other services without any mortgage. 

Your loan will be deposited to your bank account without any hidden charges. 

However, Addmoney Loans are strict with personal informations. If you want to request a loan from Addmoney, be prepared to give out your personal informations, including your photos and some secret informations about you. 

Addmoney interest rate

The interest rate of addmoney is usually 0.05%. Although it increases daily till you pay back the loan. 

Repayment term

Addmoney repayment term or period begins the next day after you must have collected your loan. But you're expected to pay back your loan from  60 days to 120 days time. 

Minimum and maximum loan you can borrow 

You can request the minimum loan of ₦5000 up to the maximum of ₦500k on the Addmoney app.

How to borrow ₦500k on Addmoney Loan without mortgage 

1. Download and install Addmoney Loan app

Before you can apply for a loan on Addmoney, you have to download the loan app on Play Store or App Store. Without the app, you can't request for a loan.

2. Submit your informations

Once you download and install the Addmoney Loan app, the next step is to submit your informations. After submitting your informations as requested by the platform, the Addmoney Loan team will will review the informations before granting you access to available loans. 

3. Apply for Loan

After submitting your informations, you can go ahead to request for loan of any amount. However, you can only borrow the maximum of ₦500,000 with a fair credit. 

4. Confirm whether to receive money for yourself through ‛face recognition’

To borrow up to ₦500,000 on Addmoney Loan app, you have to confirm your identity through  face recognition process. 

5. Receive the loan

After the face recognition process, you are free to receive your loan. The loan will be deposited to your bank account in minutes. 

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