Easemoni is a 100% online money loan provider created by BlueRidge microfinance bank. With a license to operate from the Central Bank of Nigeria, this loan provider that doesn’t require collateral makes it easy for the average Nigerian to apply for a quick loan and get imbursed in a few minutes without submitting cumbersome paperwork. In this Easemoni loan review, find all the information you need from the Easemoni loan app, official website, repayment steps and methods, interest rate, and how to apply. Let’s get started.
Easemoni Loan Review
Getting a personal loan is a sure way to support small-scale businesses and everyday lifestyles. A loan makes it easy for people to get money to settle some bills quickly, pay their children’s school fees, pay for some goods and services, and just survive the day. Repayments will follow, but the immediate/urgent need has already been settled.
Easemoni loan app saw the demand and need for people to get a quick personal loan without lengthy bank visits, paperwork, collaterals, etc. In the comfort of your home and using the mobile app, you can apply, get approved within minutes, and get credited to your bank account instantly. There is a determined repayment date and interest rate, and as long as you do not default or cause any issues that could have you blacklisted from the platform, your credit limit will increase, and you’d be eligible for more loan amounts. Let’s cover how to apply for the loan next.
How to borrow money from Easemoni
You are probably wondering, How do I borrow money from Easemoni? What details do I need? Like BVN, Identity cards, etc. Here is the application process:
- Download the App
- Sign up for an account
- Provide your correct details like your full name, phone number, gender, date of birth, email, Bank verification number (BVN), income, and bank card. To know your BVN, dial *565*0# from your registered number.
- You must be up to the age of 18
- The bank card (MasterCard, Visa, or Verve card from any Nigerian bank) is where the repayment fee will be charged.
- Input the needed amount and loan period and wait for the approval.
- Since it is a personal loan provider, there is a limit of N1 million (One million naira), and the minimum requested value is N3,000.
- There is a daily interest applied.
- The loan limit can run as long as 365 days.
Easemoni Loan Interest Rate
What’s the Easemoni loan interest rate? The interest rate is very transparent, one of the reasons people use the platform. There is a repayment timeline from 91, 120, or 365 days, with a daily interest rate of 0.03%. Although the longer the loan tenure, the probability of higher interest rates. The monthly fee could get up to 5%.
Easemoni Loan App Download
For unknown reasons, probably due to a new Nigerian Federal Government policy, the app isn’t available on the Google Play Store. To apply for a loan and utilize the platform, you must do so through the mobile app, which can be downloaded on the Easemoni website. Simply visit the website and click on the green button that states, ‘Download APK.’ The app will instantly be downloaded, and you should install it next. You can otherwise download it by clicking the button below.
The App for iPhone
At the time of publishing this Easemoni review, there isn’t yet an official app for iPhone users. Only people with an android device (.apk) can download the app and apply for a quick loan.
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Provided you are ready to pay back your loan amount, you can either make the necessary amount available in your bank card linked to your Easemoni account, and you will be automatically debited on the due date. Otherwise, you can launch the app and click the “Repay” button. Either of these will do just fine.
Is Easemoni Loan App Legit?
Yes, the Easemoni loan app is legit, with thousands of Nigerians already using the platform for quick personal loans up to the sum of N1,000,000. Easemoni is under the license of BlueRidge Microfinance bank, which has a provisional license from CBN to operate as a microfinance institution and has a 256 bits SSL security encryption and uses AES encryption algorithm, among others.
Is Easemoni Approved by CBN?
Yes, the Easemoni instant personal cash loan app has a valid microfinance banking license from the Central Bank of Nigeria.
Customer Care Number
You can reach out and get in touch with the customer care team through either a phone call or by sending an email.
- Email address: firstname.lastname@example.org
- Phone number: +2349087614150
Additionally, you can visit the office at 60 Adeniyi Jones Ave, Ikeja, Lagos, Nigeria.