Easemoni is a quick personal loan app in Nigeria, with a microfinance banking license from the Central Bank of Nigeria.
Easemoni loan app operates fully in Nigeria, Egypt, Pakistan, Indonesia, Mexico, and Colombia, and they plan on expanding their operation to other countries,
One of the benefits of the Easemoni app is that you do not need any collateral to apply for a loan. You can do it seamlessly from the comfort of your home.
Our fintech experts tested the Easemoni app to gain information about the app, their benefits, pros, and cons. We will provide detailed information about the app in this article.
The Easemoni app primarily offers loans to customers in Africa, Southeast Asia and Latin America. The app provides a loan of up to one million naira to users, and the loan application is easy.
Easemoni is ranked as the number 4 top free finance app on the Google play store. It has over one million downloads and a 4.5-star rating.
Features of the Easemoni App
The Easemoni loan app has the following specialised features.
- Possibility for Loan Cancellation
Within 24 hours of the loan’s disbursement, EaseMoni permits the cancellation of the loan. If you accidentally applied for the loan, repay the principal within 24 hours and then get in touch with customer service as soon as possible to have the loan cancelled.
- Discreet Loan Collection Procedure
EaseMoni does not accept any form of inappropriate or illegal collection. In case you experience harassment, threats to your safety or privacy, or other abusive languages while using EaseMoni, keep the proof and get in touch with their customer service team right away. A disciplinary and corrective action will be taken when they conclude that an EaseMoni team member committed the abuse.
- Personal Data Security
With them, your data is entirely secure. They are the owners of a microfinance institution with a valid license from the Nigerian Central Bank. As a result, Nigeria Deposit Insurance Corporation (NDIC) ensures all your loans. According to the Easemoni platform, your data is fully secured with them and will not be divulged to any third party.
Easemoni Loan Requirements
You must meet a few requirements to use the app to apply for a loan and have your application approved. The conditions are:
- You have to be a Nigerian and live there.
- To use the app to apply for a loan, you must be between the ages of 20 and 55.
- For them to properly review your loan application and determine the maximum amount of loan you will be eligible for, you must provide a valid source of income.
- When registering, you must provide accurate information.
How To Apply For Easemoni Loan
If you meet all the requirements listed in the requirements section above, applying for a loan on easemoni is straightforward, and you stand a very good chance of getting one in a matter of clicks.
After Installing the app from the easemoni loan app, create an account and follow the on-screen instructions to apply for a loan. Choose the loan amount you want to apply for, enter your contact information, and then submit the form.
You might be called for verification after the submission. If your application is approved, the final outcome will be displayed in the app, and you’ll receive an SMS to let you know once the loan has been approved, e-sign the document. The approved loan amount will be deposited into your account, and an SMS notification will be sent.
It is important to start repaying your loan to Easemoni anywhere between 91 and 365 days after it is due. In essence, this indicates that you have a grace period of about three months. Be aware that the length of your loan repayment date will depend on how much you borrowed.
Easemoni uses data from your phone, financial transaction messages, and your reason for borrowing together with your loan repayment history to build your credit score and determine your suitable loan offer.
Easemoni App Interest Rate
Loans from the Easemoni app come at an interest rate between 5-10 per cent monthly, and the repayment tenure is between 91 and 365 days.
How To Repay Easemoni Loan
Easemoni loan can be paid via the app using the repay loan option. You can pay using your debit card or by transferring the amount from your bank to the account number provided on the app.
Easemoni Customer Care Service
You can contact Easemoni via the following ways:
- Address: 60 Adeniyi Jones Ave, Ikeja, Lagos, Nigeria
- Customer Service Email: [email protected]
- Customer Service Hotline: （+234）9087614150
- Whatsapp customer number： （234）8073634739
Pros of the EaseMoni App
- You may receive up to 1,000,000 NGN. To your bank account, transfer funds.
- No deposits or guarantees are required.
- You can complete every step online—digital and paperless workflow on your phone.
Cons of the EaseMoni App
- It takes time to get approval for the loan.
- It asks for too much personal information.
Is The EaseMoni Loan App Legit?
The EaseMoni loan app is legit. Easemoni is an instant personal cash loan app from Blueridge Microfinance Bank, licensed by the Central Bank of Nigeria.
Easemoni Loan is an excellent choice for those needing a reliable and swift loan. The app’s user-friendly interface, fast and efficient loan approval process and wide selection of loan products make it a convenient and stress-free solution for borrowers. Additionally, Easemoni Loan places a significant emphasis on data security and privacy, giving users peace of mind that their personal information remains secure.
Easemoni Loan is an excellent choice for anyone looking to borrow money, providing a secure and stress-free solution to one’s financial needs as long as you can repay your loan on time. This app is valid and appropriate for use.