EasiMoni Loan Nigeria – Eligibility & How to Apply

EasiMoni Loan Nigeria –  EasiMoni is a premier instant personal cash loan application in Nigeria, boasting a microfinance banking license from the Central Bank of Nigeria. Over the past six months, EasiMoni has served millions of customers, providing easy and quick loan approvals without the need for collateral. Available 24/7, EasiMoni allows customers to apply for loans online from anywhere at any time.

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Why Choose EasiMoni

Quick and Convenient Access to Funds:

EasiMoni offers an instant approval process that allows you to apply and receive funds directly into your bank account anytime and anywhere, ensuring that financial assistance is just a few clicks away.

Flexible Loan Options:

With loan amounts ranging from NGN 3,000 to NGN 1,000,000 and repayment terms from 91 days up to a year, EasiMoni provides flexible options to suit a variety of financial needs.

Competitive Interest Rates:

EasiMoni’s interest rates range from 5% to 10% per month, with an APR of 60% to 120%. These competitive rates are designed to accommodate your financial situation, especially if you have a good credit rating.

No Hidden Fees or Collateral Required:

Transparency is key with EasiMoni. There are no hidden fees throughout the loan process, and you don’t need any deposits or guarantees to apply.

Secure and Private:

EasiMoni ensures the safety of your personal information with robust security measures. Operating under a microfinance banking license from the Central Bank of Nigeria, your data and loans are secure and insured, respecting your privacy at every step.

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Nigerian Residency:

Applicants must be residents of Nigeria, providing proof of residency as part of the application process.

Age Requirement:

You must be at least 18 years old to qualify for a loan, ensuring that you can legally enter into a financial agreement.

Valid Bank Account:

A functional Nigerian bank account is required for the loan disbursement and repayment processes.

Steady Income Source:

Applicants should have a verifiable source of income, whether from employment, self-employment, or other regular income streams, to ensure the ability to repay the loan.


A good credit history is essential, as it impacts the loan terms offered, including the amount, interest rate, and repayment schedule. Your credit score is assessed to ensure you meet EasiMoni’s lending criteria.

Interest Rates

EasiMoni offers interest rates that range from 5% to 10% per month. The Annual Percentage Rate (APR) can vary between 60% and 120%. These rates are determined based on the loan amount, repayment term, and the borrower’s creditworthiness. A good credit score may result in more favorable terms, potentially lowering the cost of borrowing.

How to Apply

Download the App:

Start by downloading the EasiMoni app from your mobile device’s app store. Ensure your device is compatible with the app by checking the system requirements on the store page.

Register/Sign In:

Open the app and register for a new account if you are a first-time user. If you already have an account, just sign in. You will be required to enter some basic information, including your name, phone number, and email address.

Complete Your Profile:

Fill out your profile by providing additional details required for the loan application. This includes your employment status, monthly income, and other personal details. You might also be required to upload supporting documents like a government-issued ID and proof of income.

Apply for a Loan:

Navigate to the loan section of the app, select the ‘Apply for Loan’ option, and choose the desired loan amount and repayment term. Use the loan calculator provided in the app to understand the repayment structure, including interest rates and total repayable amount.

Await Approval and Receive Funds:

Once you submit your loan application, it will be reviewed for approval. This process is typically quick. If approved, the loan amount will be disbursed directly into your linked bank account, often within a few minutes to hours.


Log Into Your Account

Open the EasiMoni app on your smartphone and enter your login credentials to access your account dashboard.

Navigate to the ‘Repayments’ Section

Once you’re logged in, locate the ‘Repayments’ or ‘My Loans’ section of the app. This area will display your active loans and the details of your repayment schedule.

Choose your loan

Select the loan you wish to make a payment on, The app will show you the amount due, the due date, and any outstanding balance.

Choose Payment Method

Select your preferred payment method. EasiMoni typically offers several options, including debit card payments, bank transfers, or mobile money. Follow the prompts to securely enter your payment details.

Confirm and Pay

Review the payment details to ensure everything is correct, then confirm and submit your payment. You should receive a confirmation message directly in the app and possibly via SMS or email, indicating that your payment has been successfully processed.


In conclusion, EasiMoni offers a straightforward and convenient solution for obtaining personal loans in Nigeria. By providing flexible loan amounts, competitive interest rates, and a secure, paperless application process through its app, EasiMoni meets the urgent financial needs of its customers efficiently. Always ensure you understand the loan terms and commit to timely repayments to maintain your financial health and creditworthiness. Whether for emergency funds or significant financial undertakings, EasiMoni stands as a reliable financial partner.

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