---
title: "Monibac: Loan App in Nigeria"
description: "Save in Nigeria, earn up to 8% interest, and get collateral-free loans ₦20k–₦500k after 3 months saving; withdraw to bank for ₦50."
canonical_url: "https://liners.com/monibac"
markdown_url: "https://liners.com/monibac.md"
type: "product"
language: "en"
image: "https://assets.liners.com/storage/v1/object/public/media/tools/monibac/screenshot.webp?v=1773305898865"
published_at: "2026-03-12T13:04:01.889Z"
updated_at: "2026-10-05T15:19:54.076Z"
---

# Monibac: Loan App in Nigeria

Save in Nigeria, earn up to 8% interest, and get collateral-free loans ₦20k–₦500k after 3 months saving; withdraw to bank for ₦50.

## Breadcrumbs

- [Fintech](/categories/fintech)
- [Monibac](/monibac)

## Summary

Save, earn interest, and access collateral-free loans

A mobile finance app for Nigerians that offers collateral-free loans, interest-bearing savings (locked and automated), group savings, and wallet payments.

## Product details

| Field | Value |
| --- | --- |
| Website | https://www.monibac.com/ |
| Tagline | Save, earn interest, and access collateral-free loans |
| Primary country | Nigeria |
| Platforms | Android, iOS, Web |
| Average rating |  |
| Published reviews | 0 |
| Verified listing | No |

## About the product

Monibac is a finance mobile app for individuals and small businesses in Nigeria that combines savings, payments, and collateral-free loans in one place.

Key capabilities include:
- **Collateral-free loans tied to savings history**: Users become eligible after **3 months of active saving** and can request loans up to **50% of total savings** (the platform also states loans can range from **₦20,000 to ₦500,000**). Loan tenors include **90 days at 9%** and **180 days at 15%**, with in-app repayment from savings balance.
- **Monilock locked savings with tiered interest**: Users can lock funds for set periods and earn interest based on duration, including **2% (31 to 60 days)**, **3.5% (61 to 90 days)**, **5% (91 to 120 days)**, **6.5% (121 to 365 days)**, and **8% (1 year and above)**. Funds cannot be accessed before maturity, and the app supports **upfront interest withdrawal**.
- **Monipot automated savings**: Flexible saving through **automated deductions** or manual deposits, with **no deposit charges** and **no upper limit**.
- **Payments and wallet funding**: Users can fund via **bank transfer to a virtual account** or **debit cards (Mastercard, Visa, Verve)**, then send and receive money. Withdrawals to a bank account attract a **flat ₦50 fee**.

Available on **Android** and **iOS**.

It targets **Nigerian users aged 18+**, including individuals building savings habits and small businesses that need access to short-term credit.

In the Nigerian market, it stands out for linking loan eligibility to consistent saving, publishing clear loan tenors and interest rates, and offering both **locked savings** and **automated savings** alongside basic wallet payments. The company states it is a product of **PrimeZone Limited (RC: 1934461)** and references **50,000+ users** on its website.

## Features

- [Fintech](/categories/fintech): Category
- [B2C](/tags/b2c): Product feature or technology
- [Lending and Loans](/tags/lending): Product feature or technology
- [Personal Finance](/tags/personal-finance): Product feature or technology
- [Savings](/tags/savings): Product feature or technology
- [Nigeria](/countries/nigeria): Market

## Related pages

- [Alternatives](/monibac/alternatives)
- [Reviews](/monibac/reviews)
- [Transparency](/monibac/transparency)

## Access and citation

- [Canonical HTML page](https://liners.com/monibac)
- [Markdown route index](/sitemap.md)
- [Agent access guide](/llms.txt)