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EaseMoni is an instant personal cash loan app in Nigeria, with a microfinance banking license issued by the Central Bank of Nigeria.
In the last 2 years, more than 5 million customers have borrowed money from them.
The sweetest thing about EaseMoni is their Easy and quick approval, no collateral，borrow money online anytime and anywhere!
EaseMoni LOAN PRODUCTS
Loan Amount
From NGN 3,000 to NGN 1,000,000.
Tenure
We will require your repayment from 30 days to 365 days.
Interest Rate
With a minimum of 0.1%.
Revolving loan
High quality users can apply for multiple loans.
Your first request will give you a fair amount of money due to your credit evaluation. No any other hidden fee in the whole process.
Why we are giving 5 Star to EaseMoni
- No collateral
- 100% online
- Up to NGN 1,000,000
- Absolute data security
- Get a loan in 5 mins
Their customers care Representatives are good.
EaseMoni contact address
Customer Service Email: [email protected]
Customer Service Hotline: 07009987769
Loan Guide
Who can apply for EaseMoni loan?
Any adult from 18 to 50 years of age can apply. All you need is your BVN and bank account details for loan disbursement.
How can I apply for a loan?
"Borrow in 3 simple steps:
1. Apply for loan.
Open the EaseMoni App, click on 'Apply now', complete registration, take a selfie and link your bank account for loan disbursement.
2. Initiate a loan.
Select the loan amount and tenure that you want and click on 'Apply Now' and confirm your bank account details for disbursement.
3. Your account is credited.
Your bank account will be credited with the loan within 3 minutes.
Don't know your own BVN?
Just dial *565*0#. Please note: This will only works if you are making the request from the same phone number currently linked to your bank account.
Why the interest rate is different?
The rate will be different ,it depends on your credit evaluation and product loyalty. pls keep using our product and fill in more information about yourself.
How can I be eligible for coupons?
Please keep a good credit history with EaseMoni and you can be part of the lucky users to enjoy our various discount coupons.
What is the EaseMoni Revolving loan?
The new EaseMoni Revolving loan is a product designed to meet your every need. The product allows you to borrow multiple times, i.e. you can have more than one loan running within your approved credit limit. You will also enjoy higher loan amounts at lower interest rate and longer tenure.
I cannot find the landing page for Revolving loan when I logged in to my EaseMoni App?
Kindly go to play store and update your EaseMoni app. Access to revolving loan also depends on the user’s qualifications and repayment history on EaseMoni. You can borrow at least 2 times within your approved credit limit.
How can I increase my loan limit and tenure and get lower interest?
Unlock higher loan amounts, lower interest rates and longer tenure by repaying your loans on time with no default.
I just borrowed part of my Revolving loan but I still have more limit, do I need to repay first before I can borrow another loan?
No, you can borrow multiple times within your approved limit and have more than one loan running. Keeping a good repayment history can also guarantee you a higher amount, a longer period and a lower interest rate.
What is the difference between Revolving loan and EaseMoni loan?
Revolving loan is a new variant of EaseMoni that allows you to borrow multiple times at lower interest rate and longer tenure.
How can I be eligible for a Revolving loan?
Be a good user of EaseMoni loan and maintain a good credit history.
Repayment Guide
How can I repay my loan?
There are 3 ways to make repayment: Via Bank transfer, USSD and Card payment. (See below).
1. For Card Payment:
1) Select the loan that needs to be repaid, and click Repay;
2)Select the card already linked or click on ‘Add card’ to input the details of your bank card and then click ‘Make payment’;
2. Bank Transfer:
1) Select the loan that needs to be repaid, and click Repay;
2) Select Bank transfer and click ‘Make payment’;
3) Your repayment number information will be displayed. Go to your OPay App or bank’s mobile or online banking app and input your repayment information displayed above. Note: Bank transfers may be delayed;
3. USSD repayment:
1) Select the loan that needs to be repaid and click ‘Repay’
2) Select the repayment method as USSD Transfer, and click ‘make payment’
3) The USSD repayment information will be displayed. Select the corresponding bank information, and click ‘DIAL’;
If you are an opay user and have agreed to authorize the relevant agreement, you can also check the repayment on the EasyMoni module in your opay app; (see picture below).
Opay app repayment:
1) The loan that needs to be repaid will be displayed. Select the ‘Opay’ for repayment, and click ‘Make payment’;
2) Your OPay account information will be displayed, select Balance or Owealth for repayment, and click ‘Payment’;
Please refer to the above guide to make your loan repayment;
Can I repay the loan before due date?
Yes, but you still need to pay all the interest amount.
What happens if I pay my loan late?
Late loan repayments automatically incur a rollover interest of 1% per day. It is therefore advised that one does not exceed the repayment period. Furthermore, this could reduce your future borrowing credit score.
You may be granted a grace period of 1 to 3 days post-due date, during which rollover fee will not be accrued or collected. If the overdue is still not paid after the grace period is over, the rollover fee will be charged for the entire period of delay, including the initial 1 to 3 days of the grace period.
NB: If You have multiple installments under a single loan, and the first installment remains unpaid beyond its due date, You will not be granted a grace period for subsequent installments upon their due date
Source: EaseMoni and written by Prudentj2
