Easemoni loan app


Easemoni loan app: How to get a loan on Easemoni, interest rate, repayment, etc..

Easemoni loan app: How to get a loan on Easemoni, interest rate, repayment, etc..

Easemoni loan app is a digital and instant money lending app in Nigeria offering fast and soft loans to borrowers of different capacities, with flexible interest rate that’s suitable to all classes of borrowers, Easemoni provides loan services with a simple and easy to use mobile app.

If you are looking to source a loan with a flexible interest rate that’ll see you through the cause of short term, the Easemoni app will not only make the funds available rather will offer you a seamless experience.

Who owns Easemoni loan app?

Easemoni is a property of BlueRidge Microfinance Limited with an office located at 60 Adeniyi Jones Avenue, Jaja Lagos, Nigeria.

Established in 2009 with CBN approved MFB license, providing safe and reliable banking services.

What we like about Easemoni loan

  • You can access up to N1,000,000 for personal and business loan
  • There’s no collateral required
  • No paper work required
  • It has a low interest rate between 5% – 10% monthly
  • Loan tenor expands across 91 days though not for first time borrowers
  • No guarantee or deposit required
  • In event you forget repayment you’ll be notified when due.

What we don’t like about Easemoni loan

  • It uses artificial intelligence (AI) to determine if you are loan worthy, by this standard you may not be approved for a loan if you have a bad credit score
  • The app must access your mobile phone contacts, SMS, images, and other personal effects under privacy control before you can access a loan, though a general attribute of online loan apps in Nigeria.

Easemoni loan interest rate

As an intending borrower, one thing you should review meticulously before applying for any loan is the interest rate payable afterward. A high interest rate could chop into the bulk of your finances, at some points may affect your ability to repay a loan.

Read also: Renmoney review – [Before you process this loan, take a look at this…]

Easemoni understands that different customers have unique needs, as a Microfinance institution the best way to improve quality of life through financial inclusion is to provide flexible loans with dynamic interest rates.

The interest rate payable on Easemoni loans ranges between 5% – 10% monthly.

For example, as a first time borrower with a good credit history you are most likely to get a loan principal of N8,000 for one week.

You are required to pay back an interest rate of N320.

Amount repayable becomes N8,000 + N320 = N8,320.00

Credibility and security

Easemoni as a loan service provider was launched on May 17th 2021, since then it has disbursed over $200 million to Nigerian borrowers with mild loan conditions.

With about 4 million total number of registered users, more than 2000 regular employees in Nigeria, 80% of whom have university degree.

With the Easemoni loan app, rest assured your details are secured with an end-to-end encrypted feature to protect personal data and payment information.

What customers are saying

We couldn’t find negative reviews by users for now, one thing we noticed is that they appear to be borrowers with the lowest rate at this time.

Users of the app were very positive about its functionality

Customer support

Just in case you encounter an issue while using the app, you can reach out to their customer service for help.

Email: info.easemoni@gmail.com

Phone: +234 908 7614 150

Office address: 60 Adeniyi jones Ave, Ikeja Lagos, Nigeria.

How to apply for Easemoni loan

Easemoni loan app is an online loan app, to access a loan you will need to,

Step one: Download and install the Easemoni loan app for Android and IOS on Google play store and app store respectively.

Step two: Sign up on the app for a username and password

Step three: Verify your account by visiting your supplied email address, then logon to the account with your username and password.

Read also: Lcredit loan review -What you should know before you apply for this loan

Step four: Initiate a loan by selecting the loan amount, as a new user you are likely to receive between N3,000 to N8,000. Click apply now and confirm the loan bank account.

Step five: The system uses AI to determine your eligibility for a loan, on approval your linked bank account will be credited with loan value.

Conditions to accessing facility on Easemoni loan app

  • You must be between age bracket of 20-55 years and a Nigerian
  • A BVN (Bank Verification Number) and
  • Bank ATM card and bank account number

How to repay Easemoni loan

You can repay your loan in four easy ways

1. Via autopay: Under this arrangement you have authorized to automatically deduct the payment on the due date. Ensure that your bank card balance is sufficient enough to settle the payment, if it’s unsuccessful kindly repay the money manually in time.

2. App card repay: Click on “Repay” on the page to make manual repayment in the following order,

Choose bank card: Under your bank card you can choose existing card or link a new one to complete the repayment.

Payment successful: If the bank card repayment is successful, the repayment successful page will be displayed.

3. Bank transfer to repay: Choose bank transfer, under “Transfer” and click Bank transfer to enter the page. Check your repayment account and transfer the money to your bank account via bank transfer.

4. USSD transfer to repay: Choose USSD, click “Transfer” and click USSD Transfer to enter the page.

Read also: How to get a student loan in Nigeria

How to increase loan limit

Repaying your loan on time can increase your credit limit in your next loan, if your loan is overdue the result will be uploaded to the credit bureau, which may affect your next loan approval.


Having evaluated the Easemoni loan app, it appears to be a loan platform with the lowest interest rate in Nigeria at the time of writing this guide.

There are no stringent rules to apply, being a Nigerian between 22-50 years, with BVN, bank account, ATM card and a good credit history is a recipe for approval.

One comment on “Easemoni loan app: How to get a loan on Easemoni, interest rate, repayment, etc..

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