Ease cash loan app review: interest rate, is it legit and how to apply - Startuppreneur
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Ease cash loan app review: interest rate, is it legit and how to apply

Ease cash is a loan app in Nigeria, they will give you instant loan, they give out up to #100,000 loan without collateral or paper work. Their loan processing is very fast and you don’t need to visit any location before you will obtain the loan.

But are they legit?

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Read our verdict

Requirement to obtain loan from ease cash

Below are the requirement you need to meet up with before you can obtain loan form this loan app

  • Reside in Nigeria
  • Have bank account and BVN
  • Have source of income
  • Your age should be between 20 to 60 years
  • Have smart phone with which to download the app

How to apply for ease cash loan

To apply for eash cash loan download their app on play store

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Register with your name, bvn and other details

You will need to bind your ATM card which will attract #30 fee, do so and proceed

After  registration you will be login to your dashboard

On your dashboard click on loan

There you will see amount of loan you can obtain

Click on the card and wait for disbursement

How much you can loan from easecash

With ease cash you can obtain up to #100,000 loan at a go without guarantor. If you are applying for the first time you will not be able to obtain up to this but as you continue to take loan from the app pay back  on time the amount you can loan will increase.

Easecash loan Interest rate and repayment period

Their repayment period is between 7 days to 90 days depending on the amount of loan borrow while the interest rate is between 10% to 15%.

For the first timer your loan interest rate will be high and your repayment period will be short but as you continue to use the app this will be increase.

Paying back your easecash loan

Login to your dashboard

Locate loan repayment and click on it

There you will see option to payback your loan

Select one and make payment

Once you make payment, it will reflect on your dashboard, if it does not you should contact them.

What will happen if I default

If you default you will be punish with increase in your interest rate usually by 2% and if you decided not to pay back at all, they might send defamatory message to your contacts, which can be embarrassing.

Is easecash loan legit

Yes the loan app is legit, they have given out loan to many people in Nigeria, but they are not license by CBN so exercise caution when taken loan from them.

Our verdict on ease cash loan app

Ease cash will surely give you loan. They have good review and good rating on play store though this may be due to the low number of reviewer.

Easecash loan app is actually a rebrand from a one if the loan app that Google ban off violating privacy policy.

They claim they are reborn and now a good loan app. Well time will tell but I want you to exercise caution when taking loan form them. Do not take more than you can pay back.

Conclusion

Above is how to obtain loan from easecash, it is very easy and fast, but ensure you don’t take more than you can pay back to avoid had I know.

Also since they are not license by CBN, it will take the for CBN to interfere, if anything goes wrong.

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