Easemoni Loan: Requirements and How to Apply

If you want to know how to apply for an Easemoni loan, then read this article.

Easemoni Loan is one of the leading online lending platforms that offers quick and affordable loans to individuals.

The lending platform understands that access to finances for urgent and unplanned expenses is one of the major challenges faced by individuals, so they have put together different loan packages to help provide solutions.

These loan packages are meant to provide immediate relief to financial challenges that people may encounter in their daily lives.

Furthermore, this loan package comes with amazing benefits, such as competitive interest rate and a good repayment plan.

Additionally, they do not require you to provide any form of collateral or guarantor to be able to access their loan packages.

Another amazing thing about Easemoni Loan is that you can access their loan package from anywhere with just your smartphone.

The loan platform is everything you have been looking for when in need of financial assistance.

So, in this article, we will delve deeper into everything you may need to know about Easemoni Loan and how to apply for an instant loan. I know it will be worth the time.

Overview of the EaseMoni Loan

EaseMoni is an online lending platform that offers digital services across Africa, Southeast Asia, and Latin America.

They offer safe and efficient, competitive credit loans and consumer financial services to individuals.

EaseMoni is licensed to operate in Nigeria under the Blue Ridge Microfinance Bank Limited.

This shows that the company is legal and can be trusted to provide the best quality services to individuals.

Additionally, EaseMoni customers can borrow money anytime, from anywhere, without stress.

They require no paperwork, unlike traditional banks, and individuals can access substantial loan amounts to take care of financial situations.

Interestingly, first-time users can also access a good amount of money.

How Does EaseMoni Loan Work?

EaseMoni offers unsecured personal loans with a low interest rate and good repayment terms.

Both new and existing customers can secure loans of up to N1 million, and they give out the loans a few minutes after approving the loan application.

Furthermore, the loan from EaseMoni Loan does not require collateral or documentation.

The loan application process is seamless, and it is done on the EaseMoni Loan App. We will discuss more about that in this article.

What Makes EaseMoni Loan Stand Out

Every lending platform has a particular feature that makes it stand out, and the EaseMoni Loan is not left behind.

Some of the special features of this lending platform include:

Accessibility: EaseMoni is a platform that is open to everyone from all aspects of life who needs financial assistance. If you have an outstanding credit history and need credit, then EaseMoni welcomes you with open arms.
Seamless Application Process: The company uses advanced technologies to reduce paper documentation so that individuals can access loans as quickly as possible. So you can get a loan instantly, without any delay.
Transparent Terms and Conditions: For trust, transparency is the key. EaseMoni believes in this principle, which is why they provide borrowers with terms and conditions regarding the loan, which include the penalty for default, repayment plan, interest rate, and loan fee in the most simple and understandable form.
Loan Cancellation Opportunity: Sometimes people can apply for loans by mistake, or maybe they change their minds after applying for the loan. EaseMoni allows you to cancel the loan within 24 hours from the moment you receive the loan amount. Resend the loan amount to them and contact their customer care to clear the loan.
Polite Loan Collection Process: The company frowns at the illegal collection of loans by its representative. So, if anyone harasses you in any way while using their service, you can save the evidence and contact their customer service department, and they will take the necessary steps to solve the problem.

About the EaseMoni Loan App

The EaseMoni Loan app is a secured mobile application that allows individuals to access loans.

Individuals can get loans from N3, 000 up to N1, 000,000 with the mobile app.

Furthermore, users can easily access this app from the Google Play Store.

Downloading the EaseMoni Mobile app is easy, and you need internet connection on your smartphone.

Additionally, the Insurance Corporation (NDIC) secures the mobile app, so individuals’ data is safe.

Finally, the mobile app interface is simple and easy to navigate for anyone. It has about 5 million downloads since its creation, and it is highly rated and regarded.

How to Download the EaseMoni Mobile App

Follow these simple steps to download the mobile app on your smartphone.

Before I state the process, I would like you to note that you can only download the mobile app if you have mobile data.

So, let’s go over the process:

Visit the EaseMoni official website with your browser, and you will find download APK, or go to the Play Store app on your smartphone and search for Easemoni in the search bar.
Click the ‘install’ button on the screen and wait for the app to download.
Once downloaded, you can launch the mobile app and register by providing the necessary details.

Requirements for an EaseMoni Loan

Despite the fact that you do not need collateral to access the Easemoni loan, there are some basic requirements that will qualify you for the loan.

So, if you do not meet these requirements, they will not approve your loan application.

The criteria are stated below:

You must be 20 years of age to be eligible, and not more than 50 years old.
Individuals must reside in Nigeria.
You are to have a source of income that can be verified.
Have an account with any commercial bank. This can be a savings or current account, and you should link your BVN to the account.
The bank account should be active.
A good credit history

How to Apply for an EaseMoni Loan

Applying for an EaseMoni Loan involves simple steps, and the loan is approved almost instantly and funds released if the application is done correctly.

Below are the steps involved in the application process:

Download the mobile app and register.
Go to the menu on the dashboard and click on ‘Loan’.
Choose the loan package you want and the repayment plan.
Provide the required information, such as bank statements, BVN, and other important information, and submit the application.
Easemoni will review the application to ascertain if you meet all the requirements.
Immediately after they approve the loan application, they will send the loan amount to your account.

EaseMoni Interest Rate and Loan Tenure

The interest rate is one of the important factors that determines if the loan is affordable.

They offer the best competitive interest rate at 5% to 10% monthly. This amounts to 60% or 120% APR, but that depends on the loan amount.

Additionally, there are no hidden charges attached to the loan amount.

Their loan repayment period is one of the best because it is flexible and spans between 91 and 365 days, which is also dependent on the amount.

How to contact EaseMoni

Visit their head office at 77, Opebi Street, Ikeja, Lagos.
Send them an email via easemoni@blueridgemfb.com.
Call them on 07009987769.
Facebook @Easemoni

Frequently Asked Questions (FAQs)

How long does it take EaseMoni to approve my loan?

It takes them a few minutes to approve the loan application.

How do I repay my loan?

EaseMoni has made it easy for you to repay the loan. On the app, you will find an auto-debit feature when you click on ‘REPAY’. Click on it and provide your ATM card details.

They will debit your account on the repayment date you choose, so make sure to fund your account before that date.

What is EaseMoni penalty for late payment?

EaseMoni may give you a grace period of 3 days after the due date, and if you do not pay up, they will charge you 1% interest for the delay, including the first 3 days of grace.

Late payments can also make it difficult to access another loan.

What do I do if I do not remember my BVN?

You can dial *565*0# on the phone number linked to your bank account, and your phone will receive your BVN.

How can I access the EaseMoni Loan?

Download the mobile app from their official website or from the Play Store on your mobile phone. Also, make sure you have mobile data before downloading.

Sign up on the loan app, click on loan, and provide the necessary information. If you meet the requirements, they will approve and credit your account with the loan amount.