EaseMoni Loan- USSD Code, Interest Rate And Repayment

Accessing loans has become easier in recent times with the emergence of financial technology companies providing quick loans online or via mobile apps. One such company making it easy for Nigerians to access loans is EaseMoni.

EaseMoni provides loans from N1,000 to N100,000 repayable between 1 to 12 months. You can access an EaseMoni loan by simply dialing the USSD code on your phone.

In this post, we discuss everything you need to know about getting a loan from EaseMoni.

What is EaseMoni?

EaseMoni is a digital lending platform owned by Cellulant Nigeria Limited. It provides Nigerians access to short-term loans to solve pressing financial needs.

With EaseMoni, you can get a loan in less than 5 minutes without collateral, paperwork, or visiting any physical location. All you need is your phone and a valid means of identification.

The loans are disbursed immediately and range from N1,000 to N100,000 repayable between 1 to 12 months. EaseMoni also has flexible repayment options that allow borrowers to choose a repayment date that aligns with their cash flow.

EaseMoni Interest Rates and Fees

EaseMoni charges between 1.16% to 1.33% interest rate per month on loans. This translates to an annual percentage rate (APR) of 15% to 20%.

The interest rate charged depends on your loan amount and repayment period. The higher the loan amount and longer the repayment period, the higher the interest rate.

In addition to the interest rate, EaseMoni charges a one-time facility fee of 2.5% flat on the disbursed loan amount. There are no hidden fees or charges when you take an EaseMoni loan.

The flat-rate pricing model makes it easy to calculate your total repayment even before disbursement.

How to Apply for EaseMoni Loan

Applying for an EaseMoni loan is quite straightforward. Follow these simple steps:

1. Dial *901*1441# on your mobile phone
2. Select your preferred language
3. Enter your BVN number when prompted
4. Select your loan amount and repayment period
5. Input your account details for loan disbursement
6. Answer the profile questions for verification

Once you complete these steps, your application will be processed instantly. If approved, you will get the loan disbursed to your bank account immediately.

The entire application process can be completed in less than 5 minutes. You don’t need to visit any physical location or fill out lengthy paperwork.

EaseMoni Loan Repayment

When you take an EaseMoni loan, you can choose your repayment date between 1 and 31 days.

On the repayment date, the loan principal and interest fee will be debited from your account. If there are insufficient funds on the repayment date, you will be charged an additional late repayment fee.

You can also renew, top up, or repay your loan before the repayment date conveniently on the app or USSD menu.

Early Repayment

If you want to repay your EaseMoni loan before the chosen repayment date, you can do so without penalties. Just dial *901*1441# to access the USSD menu and select the early repayment option.

The system will recalculate your outstanding interest and let you settle everything. Early repayment helps reduce the overall interest paid.

Renewing your EaseMoni Loan
If you still have an urgent funding need on your repayment date, EaseMoni allows you to renew your loan instead of repaying.

To renew your loan, dial *901*1441# and select the renewal option. The new principal will include your initial loan and accrued interest. Then you can choose a new repayment date within 1 to 31 days.

The maximum renewal period is 4 times, after which you will have to repay the loan. Renewing will attract an additional 2.5% facility fee and interest charges for an extended period.

Top Up Loan

If you have repaid your initial EaseMoni loan and need another urgent fund, you can easily top up your loan. Just dial *901*1441# and select the Top Up loan option.

You can get up to 4 times your initial loan amount as a top-up subject to a maximum of N100,000. The process is very fast allowing you to get the funds within minutes.

However, be careful about getting into a debt cycle by continually renewing or topping up loans. It’s advisable to take a new loan only if you can repay it conveniently.

Frequently Asked Questions About EaseMoni Loan

What is the maximum loan amount I can get from EaseMoni?

You can get up to N100,000 loan from EaseMoni subject to approval.

What is the loan duration offered by EaseMoni?

EaseMoni offers loans repayable between 1 to 12 months. You pick a repayment date that aligns with your cash flow.

Does EaseMoni require collateral or a guarantor for its loans?

No. EaseMoni does not require any collateral, guarantor, or paperwork. All you need is your BVN number and a valid ID.

How quickly can I get loan disbursement into my bank account?

Once approved, loan disbursement into your account is instant – within minutes.

What networks can I use to access EaseMoni loans?

All mobile networks – Airtel, MTN, Glo, and 9Mobile can be used to dial the USSD code and apply.

Is there any penalty for early loan repayment?

No. You can repay your EaseMoni loan before the due date without extra charges.

For how long can I renew my EaseMoni loan?

You can renew up to 4 times after which compulsory repayment. Renewing means paying more interest.

Can I top up my loan after repaying the initial loan?

Yes. You can top up and get up to 4 times your previous loan amount subject to a maximum.

Does EaseMoni run any credit checks before approving loans?

Yes. Your BVN is used to run checks and verify identity before loan approval.

How do I contact EaseMoni customer support?

You can call 09014441441 or email for any assistance.


Getting quick loans within minutes is now possible with financial technology platforms like EaseMoni. Nigerians can access short-term loans easily by dialing the USSD code *901*1441# on their mobile phones.

With no paperwork, collateral, or physical visits required, EaseMoni makes loan application seamless. You can get up to N100,000 loans disbursed to your bank account instantly.

The interest rate is quite competitive but the additional fees mean the cost of borrowing can add up if you delay repayment. So only collect what you genuinely need and repay on schedule to minimize the overall interest cost.

Leave a Reply

Back to top button