Is Easyfund Loan App Legit? Read Easyfund Loan App Review Now
You’ve heard about Easyfund loan app and before giving it a trial you decided to find out more about the loan app, you’ve taken the right step. In this article, I have provided a detailed review on the Easyfund loan app and which will certainly help you in making an informed loan decision. Without further Ado, let’s get started.
Easyfund Loan App Review
The Easyfund loan app has garnered significant attention with over one million downloads on the Google Play Store.
It boasts a 4.1-star rating, supported by thousands of user reviews. This app is designed to provide quick and convenient loans to users, making it a popular choice for those in need of immediate financial assistance.
Key Features
- Loan Amounts: Users can borrow between ₦10,000 and ₦300,000.
- Repayment Period: The repayment period ranges from 91 days to 365 days.
- Interest Rates: The annual percentage rate (APR) ranges from 24% to 56% per annum.
- User Experience: The app is praised for its user-friendly interface and straightforward application process.
Is Easyfund Loan App Legit or Not?
The legitimacy of the Easyfund loan app is a common concern among potential users. It is listed on the Federal Competition and Consumer Protection Commission (FCCPC) approval list, which adds a layer of credibility.
However, you must understand that it is not currently approved by the Central Bank of Nigeria (CBN).
This means that while it operates legally, it does not have the same level of regulatory oversight as CBN-approved financial institutions.
Should You Borrow Money from Easyfund Loan App?
Deciding whether to borrow money from the Easyfund loan app depends on your individual financial situation and needs. Here are some factors to consider:
- Urgency: If you need quick access to funds, Easyfund can be a convenient option.
- Interest Rates: The interest rates are relatively high, so it is important to ensure that you can repay the loan within the stipulated time to avoid additional charges.
- Regulatory Status: While it is FCCPC-approved, the lack of CBN approval might be a concern for some users.
Read: Ultracash Loan App Review: Is Ultracash Loan Approved By CBN?
Easyfund Loan Interest Rate
The interest rates for loans on the Easyfund app range from 24% to 56% per annum. For example, if you choose a 6-month loan and borrow ₦100,000, Easyfund charges an interest rate of 4% per month. This means the total repayment amount would be ₦124,000 over 180 days.
Easyfund Loan Requirements
To qualify for a loan from Easyfund, you need to meet the following requirements:
- Residency: You must be a resident of Nigeria.
- Age: Applicants must be between 20 and 60 years old.
- Documentation: Valid identification documents and proof of income are required.
Easyfund Loan App APK Download
The Easyfund loan app can be downloaded directly from the Google Play Store.
For users who prefer to download the APK file, it is available on various APK download sites.
Ensure that you download the APK from a reputable source to avoid malware or other security issues.
Easyfund Loan App Download
To download the Easyfund loan app:
- Visit the Google Play Store.
- Search for “Easyfund Loan App.”
- Click on the download button and install the app on your device.
Easyfund Loan App Login and Sign Up
How to Sign Up
- Download and install the Easyfund loan app.
- Open the app and click on the “Sign Up” button.
- Enter your phone number and create a password.
- Fill in the required personal information and submit.
How to Login
- Open the Easyfund loan app.
- Enter your registered phone number and password.
- Click on the “Login” button to access your account.
How to Borrow Money from Easyfund Loan App
- Download and Install: Download the Easyfund loan app from the Google Play Store.
- Register: Sign up with your phone number and complete the registration process.
- Apply for a Loan: Fill out the loan application form with the required information.
- Submit: Submit your application and wait for approval.
- Receive Funds: Once approved, the loan amount will be credited to your bank account.
Easyfund Loan Customer Care
For any inquiries or assistance, you can contact Easyfund customer care through the following channels:
- Customer Care Number: Not provided in the search results.
- Email Address: castroone1298@gmail.com.
- Office Address: Not provided in the search results.
FAQs On Easyfund Loan App Review, Is Easyfund Loan App Legit Or Not
The following are some helpful frequently asked questions on Easyfund loan app review, is Easyfund loan app legit or not with their respective answers:
Is Easyfund Loan App Legit or Not?
Yes, the Easyfund loan app is considered legit.
It is listed on the Federal Competition and Consumer Protection Commission (FCCPC) approval list, which adds a layer of credibility. However, note that it is not currently approved by the Central Bank of Nigeria (CBN).
What Are the Easyfund Loan Requirements?
To qualify for a loan from Easyfund, you need to meet the following requirements:
- Residency: You must be a resident of Nigeria.
- Age: Applicants must be between 20 and 60 years old.
- Documentation: Valid identification documents and proof of income are required.
Is Easyfund Loan App Approved by CBN?
No, the Easyfund loan app is not currently approved by the Central Bank of Nigeria (CBN). It is, however, listed on the FCCPC approval list.
What’s Easyfund Loan Interest Rate?
The interest rates for loans on the Easyfund app range from 24% to 56% per annum.
For example, if you choose a 6-month loan and borrow ₦100,000, Easyfund charges an interest rate of 4% per month. This means the total repayment amount would be ₦124,000 over 180 days.
How Do I Borrow Money from Easyfund?
To borrow money from the Easyfund loan app, follow these steps:
- Download and Install: Download the Easyfund loan app from the Google Play Store.
- Register: Sign up with your phone number and complete the registration process.
- Apply for a Loan: Fill out the loan application form with the required information.
- Submit: Submit your application and wait for approval.
- Receive Funds: Once approved, the loan amount will be credited to your bank account.
Is Easyfund Loan Real or Fake?
The Easyfund loan app is real and has been used by many individuals to access quick loans.
It has over one million downloads on the Google Play Store and a 4.1-star rating, supported by thousands of user reviews. However, always exercise caution and ensure you understand the terms and conditions before borrowing.
