Maxmoni Loan App Review: What Real Customers Are Saying in 2025

With the rise of digital lending in Nigeria, Maxmoni has positioned itself as a fast, collateral-free loan provider. On paper, it promises flexibility, quick access, and security. But customer reviews tell a more complicated story.

What Maxmoni Promises

Maxmoni advertises:

Loan amounts from ₦6,000 to ₦600,000
Loan terms from 91 to 365 days
No collateral or paperwork
Interest rates from 24% to 40% annually (APR)
Multiple loan products, no transaction fees
Full data encryption for safety
A completely online application process

They also state that early repayments can help users unlock higher credit limits.

But does it deliver on those promises?

Real Customer Feedback (as of early 2025)

Here’s a breakdown of user experiences based on verified reviews:

1. Trust and Transparency Issues

Many users report disturbing incidents around loan disbursement:

“After I did all the necessary things… I didn’t see any money. Checking the app again, all my details were gone like I never registered. These people are scammers.” — Akiyode Nathanael, April 6, 2025

“You download the app, do everything, then they ask you to try again in 13 days. They just want your data.” — Segun Adeyemi, March 30, 2025

These reviews point to potential data privacy issues. If users are applying and getting no funds while their details disappear, it raises red flags.

2. Loan Disbursement Delays and Errors

Several users complained about not receiving loans even after approval, or being told to reapply much later.

“After filling the form, they told me to try again in 30 days. Poor app, not recommended.” — Nesto Fayeni, Feb 13, 2025

“Easy to sign up but you won’t get the loan. Try again after 30 days — useless app.” — Orukaregha Ebiseigha, Jan 22, 2025

The pattern suggests the app may be collecting applications to inflate numbers or harvest user data.

3. Technical Glitches and OTP Failures

“Why can’t you send the OTP for registration?” — Oggenemine Ovie, April 4, 2025

“You ask me to update, and when I try, you don’t let me. What kind of app is that?” — Emmanuel Nduka, Jan 31, 2025

Technical reliability is critical for a loan app. These types of bugs hurt trust, especially when money is involved.

4. Interest Rates and Loan Terms

One user highlighted concerns about the loan terms:

“Useless. Interest rate is too high.” — Anonymous, Jan 2025

Maxmoni’s APR can go up to 40%, which is steep, especially for short-term loans. For example:

Loan Example from Maxmoni:

Loan: ₦100,000
Term: 91 days
Interest: ₦7,078 (28%)
Total Repayment: ₦107,078

While not the worst in Nigeria’s fintech space, it’s still high for many borrowers, especially those already in financial distress.

5. Positive Experiences (Yes, a Few)

Some users actually had a good experience:

“Swift response in disbursement of cash 💸 Best 👌 loan app.” — Kelechi Raymond, Jan 28, 2025

“Excellent one, appreciate your service, keep it up.” — Techluxe Funnel, March 4, 2025

It’s worth noting that the few positive reviews praised speed and ease of use — when the app worked.

Final Verdict: Should You Use Maxmoni Loan App?

Pros:

No collateral or paperwork
Completely online process
Flexible loan options (on paper)

Cons:

Widespread complaints of loans not being disbursed
Users report data disappearing after registration
High interest rates for short-term loans
OTP and app update issues frustrate users
Lack of transparent support

Maxmoni Loan App Contact Phone Number & Location Details

Email: [email protected]
Phone: 09132334407
Office: Omoboriowo Street, Iyana Ipaja, Lagos Mainland, Lagos State

Recommendation

Use Maxmoni with extreme caution. There are legitimate loan apps in Nigeria with better transparency, stronger customer support, and actual loan disbursement success rates. Based on public reviews, Maxmoni currently does not inspire trust.

Unless there’s a significant change in operations and user experience, you’re better off exploring more reputable alternatives like Carbon, FairMoney, or Branch.

Let me know if you want a comparison table with other Nigerian loan apps or help drafting a follow-up blog.