Getting quick financial help shouldn’t be a nightmare — and that’s exactly what EaseMoni Loan App tries to solve. Whether you’re short on cash before payday or need to sort out an urgent bill, EaseMoni gives Nigerians a way to borrow money online fast, without collateral or stress.
But is it as smooth as it sounds? Let’s talk honestly — from real experience.
Quick Navigations
What is EaseMoni loan?
EaseMoni is an instant loan app owned by Blue Ridge Microfinance Bank, a licensed institution under the Central Bank of Nigeria (CBN). That means it’s not one of those shady apps that harass you or demand strange charges — it’s legit and regulated.
You can download the app, apply within minutes, and if you’re approved, your money hits your bank account almost instantly. No collateral, no long forms — just your phone, BVN, and basic info.
Key Features of EaseMoni Loan
- Loan amount: ₦3,000 – ₦2,000,000
- Tenure: 91 – 365 days
- Interest rate: 5% – 10% monthly (APR 60% – 120%)
- 100% paperless and digital
- Quick disbursement directly to your bank account
- Licensed and insured by CBN
- Active customer care support (email & hotline)
Did you know you can also access EaseMoni loans directly through the OPay app?
Check out the full OPay Loan App Review: Interest Rate & How to Apply to learn how it connects you to lenders like EaseMoni and OKash.
My Personal Experience with EaseMoni
As for me, the application process was surprisingly smooth — I downloaded the app, filled my details, and within minutes, I received the loan in my account. That part honestly impressed me.
But my experience took a twist. About three days before my due date, I got a call from their agent asking me to repay immediately “to maintain a good record.” I already planned to repay a day before the due date, so I told the agent I have planned to repay a day before the due date. He told me if I can repay back within the next hour, my limit will be increased and i would have a good record with them.
To stay on the safe side, I paid back immediately — only to later find out that I had been flagged as a bad loan record. I was disappointed because I never defaulted, yet I couldn’t get another loan afterward. I even called customer care to explain, but nothing changed.
It left me wondering — why would I be considered a defaulter with three days left on my due date?
So yes, EaseMoni is fast and convenient, but their loan scoring system feels too strict and sometimes unfair. Still, if you’re careful with timing and repay early, you might have a smoother experience.
Eligibility Criteria for EaseMoni Loan
Before you can borrow, you need to meet these basic requirements:
Who Can Apply
- Nigerian resident between 18 and 60 years old
- Must have a valid BVN and active bank account
- Must show consistent income from salary, business, or freelance work
Required Documents
You don’t need paperwork. The app only asks for:
- BVN
- Phone number linked to your bank
- Basic identity details during registration
EaseMoni Interest Rates and Fees
Interest Rate Breakdown
EaseMoni’s monthly interest rate ranges between 5% and 10%, depending on your credit rating and repayment behavior.
For example:
If you borrow ₦3,000 for 91 days at 5% monthly:
- Interest = ₦273
- Total repayment = ₦3,273
- Payable in three installments of ₦1,091 per month
It’s fair for short-term loans, but if you borrow large amounts for long periods, the total cost can add up quickly.
check how much your Okash loan will cost with our free loan calculator tool.
Additional Charges and Fees
EaseMoni is transparent — no hidden or surprise fees. Everything you’ll repay is shown clearly before you confirm your loan.
How to Apply for EaseMoni Loan
Applying is super easy — anyone with a smartphone can do it.
Step-by-Step Process
- Download the EaseMoni App from Google Play Store.
- Sign up using your phone number and verify with OTP.
- Provide your BVN and details for credit evaluation.
- View your loan offer (you’ll see the exact interest and due date).
- Accept and get the funds disbursed into your account instantly.
Ready to apply? Download the Easemoni app directly from Google Play and start your loan application in minutes.
If you prefer applying through a wallet app instead of downloading EaseMoni directly, read OPay Loan Review — it shows exactly how OPay connects users to EaseMoni and OKash loans seamlessly.
Easemoni Loan Limits and Repayment Terms
Minimum and Maximum Loan Amount
You can borrow between ₦3,000 and ₦2,000,000, depending on your repayment history. New users usually start small, but it increases with consistency.
Repayment Duration Options
Loan tenures range from 91 days (3 months) to 365 days (1 year).
Late Payment Penalties
If you don’t repay on time, your credit score drops fast — and you may lose access to future loans. EaseMoni doesn’t joke with repayment history.
Pros and Cons of Easemoni Loan
Advantages
✅ Fast approval — cash hits your account in minutes
✅ No collateral, no paperwork
✅ Licensed by CBN — completely legit
✅ Friendly interface, easy to navigate
✅ Offers bigger loans for consistent borrowers
Disadvantages
❌ Interest rate can be high for first-timers
❌ Customer service response can be slow
❌ System sometimes flags users unfairly
❌ Short loan duration might not fit long-term needs
Tips to Improve Your Loan Approval Chances
- Always repay before due date (ideally 3–5 days earlier)
- Keep steady income inflow in your bank account
- Avoid taking loans from multiple apps at once
- Keep your BVN info and phone number consistent
- Build trust by using the same phone and account regularly
Frequently Asked Questions (FAQs)
Q1: Is EaseMoni legit or a scam?
It’s legit. Licensed by the CBN under Blue Ridge Microfinance Bank.
Q2: How long does approval take?
Usually under 5 minutes once you provide correct details.
Q3: Can I repay before the due date?
Yes, and it’s highly recommended to avoid any penalties.
Q4: Why was I flagged even though I repaid on time?
Sometimes their system marks early or late repayment incorrectly. It’s best to contact customer service immediately.
Q5: How much can I borrow?
Between ₦3,000 and ₦2,000,000 depending on your repayment record.
EaseMoni Loan Contact Details
If you need assistance, have questions about your loan application, or want to learn more about EaseMoni’s loan services, you can reach their support team through the following channels:
- Email: easemoni@blueridgemfb.com
- Phone: 02014111222 / 07001236700
- Address: No. 77 Opebi Road, Ikeja, Lagos, Nigeria
Note: These contact details are sourced from EaseMoni’s official communication channels. Always verify from their official website or app before reaching out.
Conclusion
Is Easemoni Loan Right for You?
EaseMoni delivers on speed and convenience — no doubt about that. You can apply and get money faster than most banks can even verify your name.
However, their repayment tracking and scoring system can be frustrating at times, especially when you’re wrongly flagged. If they improve that part, EaseMoni would be one of the best digital lenders in Nigeria.
If you’re disciplined and can repay on time, it’s definitely worth trying. Just borrow what you can afford, keep records, and stay alert to avoid surprises.
Download the EaseMoni App today — and if you do, make sure you repay a few days early. That one habit can save you a lot of stress.
Try our free Loan Repayment Calculator
Before you apply for EaseMoni loan, it’s smart to know exactly how much you’ll repay. Use our free loan calculator to estimate your total cost and monthly payment based on the amount and duration you choose.
