Last Updated on June 4, 2023
EaseMoni is one of the most reliable Instant loan apps powered by Blue Ridge Microfinance Bank Limited to make your life easier by offering personal loans when you need them.
With instant EaseMoni Loan Instant loan, you have the opportunity to borrow up to a whopping ₦1,000,000.
What’s even better is that EaseMoni believes in fair and transparent lending practices. The interest rate you’ll be charged depends on your credit history, ensuring that you receive a loan that aligns with your financial circumstances.
If you’re sorting for a loan, you don’t need to worry about providing any deposits or guarantees. Simply complete the application, and within a matter of hours, you can receive approval for your loan.
In this blog post, we will explore Easemoni and assess its legitimacy as a loan app in Nigeria, providing you with the necessary information to make an informed decision.
Easemoni is an instant personal cash loan app in Nigeria that holds a microfinance banking license issued by the Central Bank of Nigeria.
This licensing signifies that Easemoni operates under the regulatory framework of the Nigerian financial system. With millions of customers relying on their services, Easemoni has established a strong presence in the lending market.
What are the Unique Qualities of Easemoni
These exceptional features make EaseMoni a truly great lending company:
- Approved and Licensed by the Central Bank of Nigeria
- Low-Interest Rates
- Adaptable Repayment Plans
- Quick Loan Disbursement
- Loyalty Rewards
- Data Security
- Online Application and Approval
How Legitimate Is Easemoni Loan App
These factors justify Easemoni’s legitimacy:
Central Bank of Nigeria (CBN) License
Easemoni’s possession of a microfinance banking license from the Central Bank of Nigeria lends credibility to its operations.
This license demonstrates compliance with the regulatory standards set by the Nigerian financial authorities, ensuring transparency and accountability.
Positive Customer Reviews
An essential aspect of assessing the legitimacy of any loan app is considering customer feedback and reviews.
While individual experiences may vary, Easemoni has earned millions of customers who have successfully benefited from their loan services.
Online reviews and testimonials can provide valuable insights into the app’s reliability and customer satisfaction.
Clear Terms and Conditions
Easemoni clearly outlines the terms and conditions associated with their loans, including interest rates and repayment schedules.
Transparency in providing this information is crucial for you to make informed decisions and avoid any potential misunderstandings or surprises during the repayment process.
Secure Data Handling
As a reputable loan app, Easemoni prioritizes the security and privacy of customer data.
They employ robust security measures and encryption protocols to protect personal and financial information, ensuring that your sensitive data remains confidential.
Checkout: Where to get a Loan Urgently in Nigeria
Responsive Customer Support
Easemoni offers customer support services through its app, website, and other communication channels, enabling you to seek assistance and resolve any issues you may encounter.
Easemoni’s user-friendly interface is designed to provide a seamless borrowing experience.
The app’s intuitive layout and navigation make it easy for you to access loan information, track repayments, and manage your accounts efficiently.
Easemoni strives to disburse approved loans promptly.
Once your loan application is approved, the funds are typically transferred directly to your bank account within a short period, ensuring that you can quickly access the funds you need.
Responsible Lending Practices
Easemoni emphasizes responsible lending practices to ensure that you can comfortably repay your loans without falling into a cycle of debt.
They evaluate borrowers’ creditworthiness and income levels to determine suitable loan amounts, aiming to prevent borrowers from overextending themselves financially.
Loan Repayment Options
Easemoni provides flexible repayment options, allowing borrowers to make repayments conveniently.
The app typically offers multiple channels such as bank transfers, debit card payments, or direct deductions from borrowers’ bank accounts, making it easier for you to meet their repayment obligations.
Also See: Top legit Loan Apps in Nigeria
As a reputable loan app, Easemoni continually strives to enhance its services and customer experience.
They actively seek customer feedback and implement necessary improvements to address any concerns or suggestions, further solidifying their commitment to customer satisfaction and legitimacy.
What is Eaemoni’s Loan Process and Approval
Easemoni prides itself on providing easy and quick loan approvals, eliminating the need for collateral. Their streamlined application process allows customers to apply for loans within minutes, making it convenient for those in urgent need of funds.
The app employs advanced technology to assess applicants’ creditworthiness, making loan decisions based on various factors such as income, employment status, and repayment history.
What are Easemoni’s Loan Terms and Conditions
When considering any loan app, it is crucial to carefully examine the terms and conditions, including interest rates, fees, and repayment terms.
Easemoni offers various loan options, and as an example, let’s analyze their 91-day loan payment terms with a monthly interest fee of 5%.
Suppose you process a loan with a principal amount of ₦3,000. The monthly interest fee of 5% would amount to ₦150.
Therefore, the total amount due at the end of the loan term would be ₦3,150. Easemoni divides the repayment amount equally over the three months, with each monthly repayment amounting to ₦1,050.
What is Easemoni Loan Interest Rate
EaseMoni, believe in offering low and competitive interest rates to their valued customers. The interest rates range from 5% to 10% monthly, ensuring that you can borrow money without breaking the bank.
The actual interest rate you receive depends on your unique credit evaluation. So, the better your credit, the more favourable the rate!
To give you a clearer picture, let’s explore a specific scenario. Suppose you opt for a 60-day loan with EaseMoni.
For this particular loan term, the interest fee is an impressive 3% per month. Let’s say you borrow a principal amount of ₦3,000. With the interest rate of 3%, the monthly interest on your loan would amount to ₦180.
Now, let’s calculate the total amount to be repaid. Adding the interest fee to the principal amount, your total repayment would be ₦3,180.
That’s it! With EaseMoni, you can borrow money at a reasonable interest rate and have a clear understanding of your repayment obligations.
What is Easemoni Loan Tenure?
Easemoni loan tenure is flexible and customer friendly. However, it is usually between 91 and 365 days (3 and 12 months).
But then, the amount you borrow influences the loan term.
How do I contact Easemoni
You can reach Easemoni through the following ways:
- Email: [email protected]
- Customer Service phone line:（+234）9087614150
- Whatsapp customer number: (+234）8073634739
- Website: https://www.easemoni.com
Concluding on EaseMoni Loan
Easemoni is a loan app in Nigeria that holds a microfinance banking license from the Central Bank of Nigeria. With its easy and quick approval process and no collateral requirements, Easemoni has gained popularity among millions of customers seeking instant cash and can provide you with the same.