How To Close, Delete, Or Deactivate Your Renmoney Account Easily

Renmoney is essentially a loan app that allows you to borrow money and pay it back later. With Renmoney, you are open to offers such as low interest rates, and extended repayment periods (for long-time customers), to list a few. However, if after you have gained financial stability you now wish to get rid of your Renmoney account, there are ways to go about it. This article will be focused on how to close, delete, or deactivate your Renmoney account easily. You would also see implications that may arise if you take this step. Let’s begin by considering the step-by-step guide on how to close your Renmoney account.

How To Close, Delete, Or Deactivate Your Renmoney Account Easily

To close, delete, or deactivate your Renmoney account can be done in easy steps. Here are steps to follow on how that can be done:

Step 1. Open Your Email

To first step to deleting your Renmoney account, is first, by opening your email. You would be required to write a well-composed email to the Renmoney platform which is why this is important. When you open your email, type in the Renmoney customer service (hello@renmoney.com) email address in the “To” label.

Step 2. Input Subject And Compose Email

The next step would be to input your Subject. Since you want to delete your Renmoney account, you can write “Request To Delete Renmoney Account”. When this is written as the Subject, it would pass the information to whoever opens it that you want to deactivate your account.

When you have successfully inputted your Subject, the next step would be to compose your email. In your email, make sure you clearly state your desire to delete your Renmoney account. Make sure your email contains details like your Full Name, registered email address, and the reasons why you want to delete your Renmoney account. You can use this format.

“Dear Renmoney,

I am writing this email intending to close my account. The reason for this…”

Step 3. Tap Send And Wait For Response

When you have drafted a reasonable email, the next step would be to click on the Send button. Once you send it, your email will be responded to after a short period of period has been received, another email will be sent to you giving you detailed instructions about how you can successfully delete your account from your end.

Step 4. Follow The Instructions

After you have sent the email and have received a corresponding email, the next thing to do on how to close, delete, or deactivate your Renmoney account is to follow the instructions that have been sent to you. In some platforms, it is possible to delete your account via the apps. If it is possible through the Renmoney app, the email will tell you instructions on how to do that.

Step 5. Follow Up

Sometimes, your account may not be deleted immediately after you request or have followed the required protocols. Once this happens, on your part, you would have to follow up. You can do this by contacting other customer care service options of Renmoney. If you don’t have them saved on your device, you can go through our blog posts for that..

Now you’ve gotten an idea of how to close, delete, or deactivate your Renmoney account. However, when you close your account, there are certain things you will miss as a customer. Let’s consider some of them.

READ ALSO: FairMoney vs Renmoney And Palmpay; Which Is The Best Loan App?

Implications Of Closing Your Renmoney Account

When you close your Renmoney account, here are some of the things you will miss:

1. Unable To Access Loans

The moment you decide to close your Renmoney account, you automatically be ineligible to access loans. One thing about the Renmoney loan is that the loans come with very payable interest, so that offer would not be opened to you.

2. Restricted From Latest Offers

Sometimes, Renmoney may offer sweet offers to their customers. This may not be available to you when you decide to close your account with them. The offers you may miss includes longer repayment periods (for customers), sweet interest rates, and sharp approval of loan request.

3. Difficulty In Reactivating

After deactivating your Renmoney account, you may wish to come back. However, this would require that you follow some steps. These steps may at times be difficult and stressful to follow but this is the price you’ll have to pay if you wish to reactivate your Renmoney after you have deactivated or closed it.

In this article so far, you have read the steps needed to successfully close, delete, or deactivate your Renmoney account. Let’s go ahead to see answers to some other bugging questions that may arise about closing your account.

FAQ

How can I unblock my Renmoney account?

To unblock your Renmoney account, send an email to Renmoney informing them of your desire to unblock your account. Immediately after the message is received, operations to unblock your account will begin.

What is the maximum loan amount for Renmoney?

The maximum loan amount for Renmoney is N6 million. The least loan amount you can borrow on Renmoney is N1,500. You could use the loans offered by Renmoney to pay fees, start a business, and do other things.

What happens if I don’t pay my Renmoney loan?

If you don’t pay your Renmoney loan, you may be contacted through the Renmoney customer service to pay back your loan. If you fail to pay still, your next of kin may be contacted to inform the person about it.

How can I unblock my Renmoney account?

Simply send an email to hello@renmoney.com or call us on 0700 5000 500 to chat with us and provide the necessary information. Your account will be unblocked when these det

How can I block my Renmoney account?

To block your Renmoney account, first, clear all the funds from your Renmoney wallet. The next thing to do is to text an email to customer service informing them of your intention to block your Renmoney account. After that is done, operations to block your Renmoney account will be underway.

How do I contact Renmoney?

You can contact Renmoney by using the email or using their phone number. The Renmoney email address is hello@renmoney.com. You can also dial and call 0700 5000 500 to contact Renmoney.

Conclusion

This article has been an eye-opener indeed. You have seen steps on how to delete your Renmoney account. To do this, an email can be drafted and sent to the Renmoney customer care email. You have also seen the drawbacks of deleting your account as a customer. After all this information has been outlined to you, it is up to you to make the necessary decision on what to do.