At some point in life, many individuals may face financial difficulties and require a loan to cover expenses. As a result, a growing number of people are turning to online loan platforms for fast access to loans, as opposed to the lengthy and tedious process of obtaining a traditional bank loan.
EasyCredit is a prominent loan platform in Nigeria that enables borrowers to obtain instant loans quickly and conveniently from the comfort of their homes.
EasyCredit Loan Overview
EasyCredit is a well-known loan platform in Nigeria that provides easy access to instant loans. With numerous positive reviews on Google Play Store, many Nigerians have benefited from the platform, which offers loans ranging from 2,000 Naira to 500,000 Naira, depending on the borrower’s creditworthiness.
Registration
To register and apply for a loan on the EasyCredit platform, users must download the app from Google Play Store, create an account by providing relevant information such as employment status, BVN number, and a valid ID, verify the accuracy of the information, and wait for the approval. Once approved, borrowers can apply for and receive their loans instantly.
EasyCredit allows borrowers to access loans ranging from 2,000 Naira to 500,000 Naira, with the loan amount increasing if the borrower repays the loan on time. The repayment period for an EasyCredit loan is typically up to 3 months, depending on the initial agreement between the borrower and the platform.
How To Replay Loan
To repay an EasyCredit loan, borrowers must log in to their account on the app, select the loan they wish to repay, verify the details, select their preferred repayment method, and complete the repayment process.
One significant benefit of using the EasyCredit loan app is the absence of paperwork, mortgage, or office access required to obtain a loan. Borrowers can use their loans for personal or business purposes, and the platform’s loan services are available 24/7.
However, failing to repay an EasyCredit loan on time may result in blacklisting and a reduction in creditworthiness, making it challenging to obtain another loan. Additionally, loans that are not repaid on time will begin to incur a fee of 2% per day.
How To Download EasyCredit
The EasyCredit loan app can be downloaded from Google Play Store, and the platform’s loan interest rate ranges from 12% – 36% APR, with no service fee. The loan amount and tenure are calculated based on the borrower’s credit score and creditworthiness, emphasizing the importance of maintaining a good credit score and repaying loans on time.
To contact EasyCredit, borrowers can visit their office at Opebi Road No. 20, Ikeja, Lagos, send an email to [email protected], or contact them via WhatsApp at 2348088227615 or hotline at 09087614188.
In summary, while it is safe to borrow from EasyCredit, potential borrowers should consider their ability to repay the loan before borrowing to avoid falling into debt.