We all have had an experience of having an urgent want of money and need an institution from which we can get the loan without collateral. Every individual would want a loan institution that would offer them a loan without stressing to queue at a bank?
In this article, we would discuss a platform in which an individual can get instant loans within minutes. EaseMoni is one among in which all Nigeria’s most popular loan provider which could provide you with immediate loans without collateral. With this platform, you do not have to bother about borrowing from banks anymore.
Introduction to EaseMoni Loan
EaseMoni is a Nigerian loan provider which allows individuals to apply for immediate loans at any time and anywhere. The company is owned by BlueRidge and was launched in the year 2009.
This financial lender grants quick loans without requesting any form of collateral. All you need to do is simply download their mobile app on your smartphone and apply for a loan. Within a matter of minutes, you would receive the loan you applied for.
Additionally, this digital lending platform offers you an opportunity to apply for a loan of up to N1,000,000. It doesn’t matter if you’re a new customer or a long-standing customer with the platform, you have access to all the services the platform offers.
However, your credit rating will increase if you frequently use the app and pay back your loan as when due.
Requirements to Borrow a Loan
There are certain necessities you should meet before applying for a loan on this platform. Those necessities involve:
1. You need to be a citizen of Nigeria and reside in Nigeria.
2. You should be within the age range of 20 – 55 years.
3. Likewise, you ought to have a reasonable source of revenue. This enables them to review your loan application correctly and decide the maximum amount of money you’re eligible to borrow.
4. All the basic information you provided on the platform upon registration must be valid.
How Do I Register on EaseMoni Loan?
To sign up on this loan app, do the following:
With your mobile device, go to your Google Play Store or App Store.
Search for EaseMoni on the Search bar.
– Download and install the mobile app on your device.
– Open the app and register an account by inputting your personal details.
– After registration, you can go on to apply for your loan and wait for approval.
How to Apply for EaseMoni Loan and get verified?
I would highlight some procedures to follow on how to apply for a loan:
1. With the stated steps above, download the app and finish your registration process.
2. Select the amount you need to apply for, fill in the information required of you, and submit.
3. Wait for verification and approval of your loan application. As soon as your loan application is approved, sign the loan agreement of the platform, and you’ll receive your cash right away.
If you follow the steps stated above and have all the needed requirements, there’s a possibility your loan application can be accepted.
Also, you must make sure that the mobile number with which you use to apply for a loan is the same number you do receive your credit alerts.
Are the Interest rates different?
There are different interest rates applied on this platform. They are as follows:
An interest rate of 5% to10% monthly with an APR of 60%-120%. This interest rate is applied based on your credit assessment.
For example, the loan payment terms for 91 days have an interest rate of 5%. A loan that was given at a principal amount of N3,000 will have an interest of N273.
Essentially, which means that the overall amount to be paid would be ₦3,273.
EaseMoni states that the payment of your loan should commence from 91 to 365 days. Basically, because of this, you get a grace duration of roughly 3 months.
Be informed that your loan period may also vary relying on the amount of money you borrowed.
How to download the mobile app?
The application can be downloaded with these steps:
1. Pick your android device and open your Google Play Store. If you have an iPhone, Open the App Store.
2. Search for ‘EaseMoni’ on the search menu.
3. Download and install the app.
4. Launch the app and begin your registration and apply for a loan.
Customer Service of EaseMoni Loan
All your inquiries and complaints can be addressed in the following ways:
Visit their office: Address 60 Adeniyi Jones Ave, Ikeja, Lagos, Nigeria
Dial their customer service line: +2349087614150
Send a message to their WhatsApp customer number: +2348073634739
Conclusively, EaseMoni is mainly an app that gives loans to Nigerians. With this app, you are sure of getting a loan of up to N1,000,000 without collateral. This app is authentic and appropriate for use as long as you get to pay back your loan in due time.