Easemoni is a fast, no-collateral lending solution for Nigerians who need cash without the hassle. With loans ranging up to NGN 1,000,000 and flexible repayment plans, Easemoni has designed its service to meet a wide range of financial needs.
Not only does it operate fully online, but it’s also backed by a microfinance banking license from the Central Bank of Nigeria, giving users confidence in its security and legitimacy.
Below, we’ll talk about what you need to know about getting started with Easemoni. Specificaly, well look into their requirements, interest rates, the application process, and answers to common questions.
What is Easemoni?
Easemoni is a personal loan app in Nigeria, backed by a microfinance banking license from the Central Bank of Nigeria (CBN). Easemoni’s service is designed to offer fast and easy loans without collateral.
It allows users to borrow money anytime and anywhere just from their phones. Since its launch, Easemoni has helped millions of customers access loans through an entirely digital process.
Interest rate
Easemoni offers loans ranging from as little as NGN 3,000 up to NGN 1,000,000. The loan terms vary between 30 days and 365 days, depending on the amount and the borrower’s repayment capacity.
According to Easemoni, a 91-day loan of NGN 3,000 with a monthly interest rate of 5% would result in a total interest of NGN 273. Which means that the total repayment amount will be 3,273 naira. This would be broken down into three monthly payments of NGN 1,091.
From experience, however, Easemoni Loan interest rate is not exactly as they say it is. For a loan of 10,000 naira, and a period of 30 days, easemoni will charge you 3000 naira, so at the end of the 30 days your total payment will be the principal loan of 10,000 and interest of 3,000 which will sum up to 13,000 naira
The interest rate you receive depends on factors such as your credit score. Easemoni does not charge hidden fees, ensuring transparency throughout the borrowing process.
Easemoni Loan Requirements
1. Age and Identification: Borrowers should be adults with a valid ID for verification.
2. Bank Account: Easemoni requires a functional Nigerian bank account for fund disbursement and repayment.
3. Smartphone and Internet Access: As the application process is digital, you’ll need a smartphone and internet connection to apply through the app.
4. Country of residence: You mustlive in Nigeria to qualify for Easoni loan
5. Credit Evaluation: Your loan eligibility and maximum limit depend on your credit evaluation.
How to Apply for an Easemoni Loan
Follow these steps below to apply for easemoni loan
- Download the App: Get the Easemoni app from Google Play store.
- Sign Up: Fill out your personal details and create an account.
- Login and do KYC: Once youve completed the signup, proceed to login. Then add bvn, banking details and other kyc information.
- Complete Credit Evaluation: Easemoni will assess your creditworthiness to determine your loan limit and interest rate.
- Select Loan Amount and Duration: Choose the loan amount and term (30 days to 365 days) based on your needs.
- Submit and Await Approval: Once submitted, Easemoni processes the loan request, and upon approval, the funds are transferred to your bank account.
Is Easemoni Legit?
Yes, Easemoni is 100% legit. The company holds a microfinance banking license from the Central Bank of Nigeria. This ensures it operates under regulated financial standards.
Again, Easemoni guarantees the security of its users’ data, backed by insurance from the Insurance Corporation. This legitimacy has contributed to Easemoni’s popularity among Nigerians, with millions already benefiting from the app’s quick and reliable service.
Contact Information
For any questions or assistance, you can reach Easemoni through the following channels:
- Customer Service Email: easemoni@blueridgemfb.com
- Hotline: 02014111222
- Easemoni WhatsApp number: (+234) 8179658371
- Office Address: No. 77 Opebi Road, Ikeja, Lagos, Nigeria
Final Thoughts
Easemoni offers a quick and reliable solution for those in need of immediate funds in Nigeria. With transparent rates, no collateral requirements, and a secure digital application process, Easemoni is a trustworthy choice for personal loans.
Whether you need a small loan to cover immediate expenses or a larger amount for a project, Easemoni simplifies the borrowing experience, giving you the freedom to access funds without the traditional hassles.
You can also apply for easemoni loan on their website
Download the Easemoni app and get started today!
