EasyCredit Loan App Review: A Detailed Look at Nigeria’s Popular Loan App

With over a million downloads on Google Play Store, EasyCredit has established itself as one of the most sought-after loan apps in Nigeria. In this comprehensive review, we will delve into the features, requirements, interest rates, and application process for EasyCredit. We will also address the legitimacy of the app and provide valuable insights for potential users.In recent times, the financial technology industry in Nigeria has witnessed exponential growth, with various loan apps emerging to cater to the financial needs of Nigerians. One such app that has gained significant popularity is EasyCredit.

Overview of EasyCredit Loan App

What is EasyCredit?

EasyCredit is a user-friendly loan platform that offers a free app for download. The app provides access to hassle-free loans with competitive interest rates. What sets EasyCredit apart from many other loan apps is its no-collateral, no-guarantor instant loan feature. Users can apply for a loan and have the funds credited to their bank accounts within minutes. Additionally, EasyCredit offers flexible repayment options, making it a convenient choice for borrowers.

Is EasyCredit Legit?

With numerous loan apps available, it’s crucial to verify the legitimacy of the platform before using it. EasyCredit boasts over a million downloads on the Google Play Store and holds a commendable 4.0-star review rating. These statistics, coupled with positive user feedback, suggest that EasyCredit is a legitimate and trustworthy loan provider. Furthermore, EasyCredit is fully certified by the Central Bank of Nigeria (CBN), adding an extra layer of credibility to the platform.

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EasyCredit Loan Requirements

While EasyCredit offers a streamlined loan application process without the need for collateral or guarantors, there are still some basic requirements that applicants must meet. These include:

  • Nigerian citizenship and residency.
  • Installation of the EasyCredit loan app on your mobile device.
  • Age between 20 and 60 years to be eligible for a loan.
  • Submission of valid personal information during registration.
  • Possession of a valid email address, bank account, Bank Verification Number (BVN), and bank card.
  • Disclosure of your monthly income to allow EasyCredit to assess your creditworthiness and determine your loan eligibility.

It’s important to note that failure to meet these requirements may result in an unsuccessful loan application. If you do not satisfy these criteria, you may need to explore alternative loan apps with more flexible eligibility criteria.

How to Apply for a Loan on EasyCredit

One of the most critical aspects of EasyCredit is the loan application process. Below is a step-by-step guide on how to apply for a loan through the EasyCredit app:

  1. Download and Install the EasyCredit Loan App: To begin, download the EasyCredit loan app from the Google Play Store. You can also obtain the app’s APK file from your web browser and install it on your mobile device.
  2. Register a New Account: Launch the app and complete the registration process by providing the required personal information.
  3. Click on “Apply Now”: Once registered, locate the “Apply Now” option within the app.
  4. Fill in Your Personal Details: Enter your personal details as requested by the app.
  5. Specify Loan Amount: Indicate the amount you wish to borrow.
  6. Wait for Application Review: Submit your loan application and await the review process.
  7. Loan Approval and Disbursement: If your application is accepted, the requested loan amount will be credited to your bank account. In case of rejection, you can reapply.
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EasyCredit Interest Rate for Loans

Understanding the interest rates associated with a loan is crucial for responsible borrowing. EasyCredit’s interest rates are competitive within the Nigerian lending market. The interest rate for EasyCredit loans ranges from 0.1% to 1%, with a one-time processing fee ranging from 1,256 NGN to 6,000 NGN. The maximum Annual Percentage Rate (APR) is capped at 40%. To illustrate, if you opt for a 91-day loan plan and borrow ₦3,000, you will be charged an interest rate of 3.1% and a processing fee of 9.1%, resulting in a total repayment amount of ₦3,366.

EasyCredit Loan App Download

Before you can access the benefits of EasyCredit loans, you need to know how to download the app. Here’s a direct link to the EasyCredit loan app download page on the Google Play Store:

Name: EasyCredit: Secure Online Loan
Version: 1.3.2
Size: 10MB
Downloads: 500,000+

[Download EasyCredit Loan App Here](insert link)

In addition to downloading the app from the Play Store, you can also obtain the EasyCredit loan app APK online through your web browser and install it on your mobile device.

EasyCredit Repayment

Understanding the repayment process is essential for borrowers. EasyCredit offers user-friendly repayment options, making it straightforward to repay your loans. Here’s how to go about it:

How to Repay EasyCredit Loan

  1. Log into Your EasyCredit Account: Access your EasyCredit account by logging in through the app.
  2. Click on “Repay”: Once logged in, locate the “Repay” button within the app.
  3. Enter Repayment Amount: Input the amount you wish to repay.
  4. Choose Your Preferred Repayment Method: Select your preferred repayment method from the available options.

EasyCredit Repayment Methods

EasyCredit offers several repayment methods to cater to different preferences:

  • Bank Card (ATM Card): You can use your bank card to make repayments directly through the app.
  • Bank Transfer: Transfer the repayment amount from your bank account to EasyCredit.
  • USSD: Utilize USSD codes to initiate loan repayments conveniently.

Frequently Asked Questions (FAQs)

To address any lingering questions you may have about EasyCredit, here are some frequently asked questions and their answers:

What do I need to get a loan on EasyCredit?

To qualify for an EasyCredit loan, you must be a Nigerian citizen between the ages of 20 and 60. You’ll need the EasyCredit loan app installed on your mobile device and provide basic personal information, a valid email address, bank account, BVN, and bank card. Additionally, disclosing your monthly income is necessary for assessing your loan eligibility.

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How long does it take to get a loan on EasyCredit?

Upon completing your loan application and accepting the loan offer, the entire process typically takes less than 24 hours for review and disbursement.

Do I need collateral or documents to get a loan on EasyCredit?

No, EasyCredit does not require collateral or documents for loan approval. The application process is entirely paperless, and all you need is an Android device with an internet connection, a means of identity verification, a valid bank account, and a bank card.

Why was my loan application rejected on EasyCredit?

If your loan application is declined, you may want to check for any incomplete information or an existing loan order. Once you’ve repaid a loan, you can reapply.

What is the maximum loan amount I can apply for on EasyCredit?

The maximum loan amount varies from person to person and is determined based on the information you provide during the application process. Accurate information is essential to potentially access higher loan amounts.

Why does EasyCredit need access to my device?

EasyCredit may request access to your mobile device, including contacts, location, SMS, calendar, and camera, to assess your eligibility for a loan accurately. This information helps determine the loan amount suitable for you.

What happens if I repay my EasyCredit loan late?

Late repayment of a loan on EasyCredit may result in daily penalty interest charges. Therefore, it is advisable to adhere to the repayment schedule to avoid additional fees and maintain a favorable credit score.

What happens if I don’t repay an EasyCredit loan?

Failure to repay an EasyCredit loan may lead to accumulating daily penalty interest and frequent communication from EasyCredit. The company may take further actions if repayment is consistently neglected.

Can I trust EasyCredit with my information?

Yes, you can trust EasyCredit with sensitive information such as your BVN, bank account number, and phone number. EasyCredit is committed to safeguarding your personal information and will not disclose it to third parties without your consent, except for reasons related to overdue refunds and service requests.


In conclusion, EasyCredit stands as a reputable lending platform and app in Nigeria, offering quick and convenient access to loans without the burden of extensive paperwork or collateral. With its user-friendly interface and competitive interest rates, EasyCredit has earned its place as a top choice for borrowers seeking financial assistance.

This comprehensive review has covered essential aspects of the EasyCredit loan app, including its legitimacy, requirements, application process, interest rates, and repayment methods. By following the provided guidelines and adhering to responsible borrowing practices, you can leverage EasyCredit to address your financial needs effectively.

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