EaseMoni—Instant loan online is a free financial app powered by Blue Ridge Microfinance Bank Limited that offers personal loans to eligible Nigerian citizens. This lending app lets you borrow up to ₦1,000,000NGN at a fair interest rate depending on your credit history. Plus, there are no hidden fees.

Authorized by the Central Bank of Nigeria, EaseMoni—Instant loan online promises a fair and simple processing of loan products. It does not require deposits or guarantees, and the application can be done and approved in a matter of hours. CocoLoan and FairMoney – Instant Loan App are similar Nigerian-based apps.

Trusted and easy way to borrow money

The main purpose of EaseMoni—Instant loan online is to help Nigerians in need of emergency cash. With this free-to-use lending app, you can apply for a personal loan with amounts ranging from ₦3,000NGN up to ₦1,000,000NGN at reasonable interest rates. Since the app is regulated by the Central Bank of Nigeria, you can expect that their loan products are free from unnecessary charges.

The products are also required to be insured under the Nigeria Deposit Insurance Corporation. In short, the app complies with government regulations so you can be assured that your borrowed money is safe and protected. As for the application process, it only involves a few easy steps. All you have to do is provide the information needed as well as some documents for verification.

The best thing about this app is that you don’t have to present collateral or deposit a certain amount of money to be eligible. What’s more, your application can be approved right away especially if you have a high credit rating and the information you provided are correct. The app’s user interface, however, can cause some delay in the process as it comes with limited features.

Handy though with minor issues

Despite some issues with its user interface, EaseMoni—Instant loan online still proves to be a convenient option for Nigerians looking for a legitimate lending app. Its license from the country’s central bank means that your loans are fair and don’t come with hefty interest rates. Plus, the process is extremely easy since all you need to do is complete a form and wait for approval within a few hours.