EZLoan-Installment Cash Loan

We keep our lending simple, transparent, and fair. Here are the core loan products available to qualified Nigerian borrowers:

Loan Amount: ₦5,000 – ₦200,000

Repayment Tenure: 90 to 270 days (flexible installments available)

Minimum APR: 18.5% (approximately 0.05% daily interest)

Maximum APR: 25.55% (approximately 0.07% daily interest)

Fees: No hidden charges. Your repayment schedule is based entirely on your credit profile and disclosed before you accept the loan.

Why Nigerian Borrowers Choose EZLoan

Adjustable Installments
You are not locked into a rigid repayment plan. Choose from multiple installment options that match your income flow. Pay in a way that does not break your budget.

Easy Loan Extensions
Unexpected expenses happen. If you are facing a tight month, request a loan extension directly inside the app. Extensions help you protect your repayment record without stress or penalty.

CBN-Licensed & Regulated
EZLoan operates under a valid microfinance banking license issued by the Central Bank of Nigeria. This means your deposits and data are protected by Nigerian banking regulations. You are not dealing with an unverified app.

Instant Payout to Your Bank Account
Approval decisions are made in minutes. Once approved, funds are transferred directly to your linked Nigerian bank account. No waiting. No delays.

Affordable Interest Rates
Unlike predatory lenders that charge 30% to 50% monthly, EZLoan's APR ranges from 18.5% to 25.55% annually. Your rate is personalized based on your credit behavior, not a flat fee for everyone.

No Collateral or Guarantor Required
Your loan is approved based on your creditworthiness and repayment ability. No property, no deposit, no guarantor signature. Just cash when you need it.

100% Digital Process
Everything happens inside the EZLoan app. No physical paperwork, no branch visits, no document scanning. Your phone is all you need.

Auto-Reminders to Protect Your Credit
Missed payments hurt your credit score. EZLoan sends automatic reminders before your due date so you never forget a repayment.

Safe Repayment Channels Only
Repay only through official channels inside the app. We never ask you to send money to private accounts, individuals, or unverified third parties. This protects you from scams.

Real Loan Example with Clear Calculation

Let us walk through an actual loan scenario so you understand exactly what you will pay.

Loan Details:

Loan Amount: ₦10,000

Annual Percentage Rate (APR): 20.99%

Loan Term: 90 days

Repayment Structure: 2 installments

Step-by-Step Interest Calculation:

First Installment Interest (due at 45 days minus 1):
₦10,000 × 21% ÷ 365 × (45 - 1) = ₦253

Second Installment Interest (due at 45 days):
₦10,000 × 21% ÷ 365 × 45 = ₦259

Total Interest for the Loan:
₦253 + ₦259 = ₦512

Total Repayment Amount:
₦10,000 (principal) + ₦512 (total interest) = ₦10,512

Note: Your actual APR and installment structure will be calculated in real time within the app based on your credit assessment. No additional fees are added beyond what is displayed.

Eligibility Requirements

To apply for an EZLoan, you must meet the following minimum criteria:

Be a legal resident of Nigeria

Be at least 18 years of age

Have an active Nigerian bank account

Possess a valid Bank Verification Number (BVN)

Demonstrate stable repayment ability