Apply EaseMoni Instant Loan Online 2024: Repayment

EaseMoni is one of the fastest-rising loan apps in Nigeria. In this article, I will show you how to apply for Easemoni instant loan, the interest rate and the procedure for repayment.

Borrowing money in Nigeria now has become very easy nowadays. Unlike the olden traditional way where you have to go to the bank, get a guarantor and even a collateral before you can be given a loan.

The inception of these fintech loan apps has given a seamless way of lending money in just a few munites. Just in the comfort of your home, you can be credited even without a collateral

While we can’t deny that there are some fake loan apps in Nigeria, it’s not arguable that Easemoni tops the carts for the best loan company.

It’s one thing to apply for a loan and another thing to repay. In this guide, we will be exploring the theEasemoni company

About EaseMoni

Easemoni is an instant personal cash loan app in Nigeria with a microfinance banking license from the Central Bank of Nigeria.

You can get small loans without needing any form of collateral or even going physically to their office. All you have to do is just download their mobile app to your phone and apply for a loan. Within 10 minutes, you will receive the loan you applied for.

In the last 6 months, millions of customers have patronized Easmoni loan services hence the numerous video testimonies flaunting the internet

According to research, Easemoni has been saving lives with over $200 million disbursed to Nigerian borrowers with mild loan conditions.

Easemoney Instant Loan Application

There are basically 2 ways to borrow money

  • Through App
  • USSD Code

Below is a simple step to register and apply for a loan using the App

1. Download the mobile app from Google Playstore and install it.

2. Next, launch the app and enter your basic details.

3. Lastly, apply for your loan and wait for the verification and approval. Once the platform approves your loan request, you’ll receive the money immediately.

Using USSD Code

If you do not want to use the mobile app, you can use the USSD code to apply for your loan

Maybe you don’t have a smartphone. Or perhaps, you just ran out of data. You can still borrow money without an internet connection

  • Simply daily *347*334# and then send
  • Follow the instructions on your screen and your loan application will be a success
  • You must dial the code using the phone number linked to your BVN and your bank account. Otherwise, your loan application may be declined

Requirements For Easemoni Loan

Even though there is no collateral when applying for an Easmoni loan, you will be asked to provide the following

  • Your full name
  • Residential address
  • Occupation
  • BVN
  • Phone number
  • Passport
  • NIN
  • You must be 18 years and above

Cancellation of EaseMoni Loan

EaseMoni allows a maximum period of 24 hours from the moment of disbursement within which the loan can be cancelled.

If you have applied for the loan by mistake, please repay the principal within 24 hours, then contact their customer service at your earliest convenience to clear the loan.

How Much Can You Borrow from EaseMoni?

EasiMoney offers flexible loan amounts. You borrow as much as One million (N1,000,000) on the platform without collateral

EaseMoni Interest Rate

On a general note, the interest rate for Easemoni loan ranges between 5% to 10% monthly. (APR 60% to 120).

It also depends on your credit evaluation. For instance, 91-day loan payment terms have an interest fee of 5% per month.

For the loan which was processed with a principal amount of ₦3,000, your interest would be ₦273. Basically, this means that the total amount outstanding would be ₦3,273.

EaseMoni Loan Repayment

Getting back borrowed money not only gives you peace of mind but also set you up for another chance of getting another loan.

The process of repaying the Easemoni loan is not friendly due to the stress involved and alot of borrowers struggle with this.

However, You won’t have to worry as I a going to show you how you can repay your borrowed money

There are 4 ways you can repay your Easemoni Loan

  • AutoPay
  • Opay
  • Bank Card
  • Bank Transfer
  • USSD

EaseMoni Loan Repayment With AutoPay

You can repay your loan by setting up AutoPay with your Ease moni account.

The company offers AutoPay as one of the repayment methods.

Once your payment date is due, the system will automatically deduct money from your bank account into your Easemoni wallet and the loan will be repaid automatically.

EaseMoni Loan Repayment With Opay

Opay is one of the most used banking apps in Nigeria at the moment. Getting your loan repayment with Opay should be one of the easiest options.

  • Just sign into your Opay App
  • Go to wallet
  • Navigate to Loan or Finance
  • Click to select EaseMoni
  • Select repay
  • Input the amount you wish to pay

Read Also: How To Repay EasyCredit Loan

EaseMoni Loan Repayment With Debit Card

Still with your Opay account, you can make payments using the bank card linked to your wallet

  • Open your Opay app
  • Check for your linked bank card
  • You can also add a new card if there is a need
  • Click on payment and your loan amount will be automatically deducted from the debit card account
  • Once that is done, your Easemoni account will be updated and your loan repayment

EaseMoni Loan Repayment With Bank Transfer

You can seamlessly repay your borrowed money from Easemoni by using your bank mobile app

  • On your Easemoni account, select the bank transfer option
  • Copy your Easemoi account number given to you
  • Open your Mobile app and select make the transfer
  • Transfer the money to the Ease Moni account
  • Once your loan account has been funded, use the money to repay

EaseMoni Loan Repayment With USSD

  • Copy your Easemoni account number from the app
  • Dail the USSD code *347*334#
  • Select to send money
  • Transfer funds to your Eamoni wallet (using the account you copied)
  • Open your Easemoni account and repay your loan

Is EaseMoni Legit?

Yes. Easemoni is a legit loan company which is also a property of BlueRidge Microfinance Limited.

EaseMoney is duly licensed and approved by the Central Bank of Nigeria as a Fintech company

Read Also: Is Renmoney Loan Legit?

EaseMoni Custumer Care Contact

Address: 60 Adeniyi Jones Ave, Ikeja, Lagos, Nigeria

Customer Service Email:

Customer Service Hotline: +234 9087614150

WhatsApp +234 8073634739

Read Also:

How to Get NiceNaira Loan

Zedvance Loan Interest

Impact of IRS on Business Credit Score


Conclusively, EaeMoni is one of the best loan service companies in Nigeria. Getting a loan with them is always very easy and seamless but the repayment procedure is sometimes confusing to do.

I hope this guide has been insightful in helping you repay your Easemoni loan

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