Nowadays, online lending platforms have taken over the role of banks in offering loans to Nigerians in need. The main reason for this is that these loan platforms offer people fast loans without any collateral or guarantor. Hence, they are fast becoming more popular than conventional Nigerian banks. When it comes to lending platforms in Nigeria, the Eazy Credit loan platform is one of the best we have out there. Here is a detailed guide to this loan platform and how to get a loan from them.
An Overview of Eazy Credit
Eazy Credit is one of the well-known lending platforms in Nigeria. Essentially, this online lender offers Nigerians living in Nigeria quick and straightforward access to soft loans. Based on past reviews, we can say that this platform is legit and you can give it a try. You can get instant access to soft loans of up to N500,000 on this online lending platform depending on your income and credit rating.
What Service Does Eazy Credit Offer?
Below we’ve highlighted the three major loan services that this online lending platform has to offer you.
1. Business Loan
The business loan product cuts across all kinds of funding you may need for business. As long as you need to use the money for your business, this product is suitable for you.
2. Cooperative Financing
This product aims to offer artisans and other small groups instant access to low-interest loans. However, only cooperatives can access this loan so every small group interested in this loan has to form a cooperative. Each cooperative member must be working in the same company and have specific periodic earnings.
3. Payday Loan
The Payday loan product by Eazy Credit is tailored to salary earners who receive income every month. If they need to sort out some bills before the end of the month, they can apply for this product and will instantly receive the loan. The best part is that there is no need for collateral or a guarantor.
4. Asset Financing
The Eazy Credit asset financing covers equipment leases and Auto leases. This package provides customers(both employees and entrepreneurs) with funding that they can use to acquire home appliances, vehicles or any small business operating tool of their choice.
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How Can I Register and Apply For a Loan on Eazy Credit?
If you want to apply for a loan on the Eazy Credit platform, follow the instructions below:
1. First, visit their official loan website, www.eazycredit.com.ng.
2. Next, go through their list of loan products and tap on the “Apply Now” button you find on any product you are interested in.
3. Thereafter, enter all the applicable details they need from you to sign up on the platform. Once your registration is successful, they will access your credit score and income and give you a loan offer.
4. Accept your loan offer.
Lastly, wait a moment for the platform to approve your loan application. Once this request is approved, you will receive your loan within 15-30 minutes.
How Much Can I Borrow From Eazy Credit?
The amount of Eazy Credit soft loan you can borrow ranges between 5000 Naira to 500,000 Naira. Your specific loan limit depends on your income and credit score. Also, note that the amount of loan you are allowed to access increases when you pay back your loan on time. For instance, if you start by borrowing a loan of 5,000 Naira just for a start and you repay it on time, it gives you access to a higher amount the next time you want to borrow.
How Long is the Eazy Credit Loan Repayment Period?
Essentially, this online lender gives you a loan duration between 1 month to 18 months. Your loan duration depends on the amount of loan you borrowed.
How Can I Repay an Eazy Credit Loan?
Follow these straightforward steps to pay back your loan immediately:
1. First, visit the website and log in to your account
2. Next, tap on “My Loan” and select the “Repay in Advance” option.
3. Input your card details and verify that it is correct then tap on “Repay now” to complete your request.
Note that you must pay back your debt on or before the specified due date to prevent your interest rate from accumulating.
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What Are the Benefits of Using this Loan App?
With this online lender, you don’t need to stress yourself with any paperwork, guarantor, mortgage, or collateral. Also, you don’t need to visit any physical office since you can do everything from the convenience of your house. Their loan products and services are 100% available 24 hours every day.
What is the interest rate on Eazy Credit Loan App?
This lending platform offers users an interest rate of 12% – 36%APR, while the service fee comes at a minimal cost. Essentially, your total loan amount and duration are estimated using your income and credit rating.
How can I contact Eazy Credit?
Here’s how you can reach out to this loan app:
Address: 128b Association Road, Dolphin Estate, Ikoyi.
Phone Number: 0903 000 0037, 0906 000 0027
Email Address: Loans@eazycredit.com.ng
Website: www.eazycredit.com.ng
Final Thoughts
If you are a business owner who needs funding and you don’t have collateral or a guarantor, it is best to visit the Eazy Credit loan platform. You can access fast business loans at a reasonable rate on this digital lender without too much paperwork. Don’t forget that you must pay back your loan at the agreed date to avoid facing terrible penalties.
