The finance world is changing fast, and most people now prefer using loan apps instead of visiting a physical bank for small or urgent funds.
The reason is simple, it’s faster, less stressful, and you get everything done on your phone within minutes. One of the top-rated and most used microfinance loan apps in Nigeria right now is EaseMoni, operated by Blue Ridge Microfinance Bank, a fully licensed institution under the Central Bank of Nigeria (CBN).
If you’ve heard about EaseMoni and want to understand how to create an account and start using it safely, this guide walks you through everything step by step, from setup to verification and what to expect as a new user.
About EaseMoni Loan App
EaseMoni (also written as EasyMoni) is a fast digital lending app created to provide short- and long-term loans to Nigerians without collateral. The app is owned and managed by Blue Ridge Microfinance Bank Limited, headquartered in Lagos and licensed by the CBN.
EaseMoni allows you to borrow up to ₦2,000,000, repay flexibly, and grow your credit score with consistent usage. As of 2025, the app has recorded over 5 million downloads on the Google Play Store and maintains an average rating of 4.5 stars, showing strong user trust and steady improvement over time.
Requirements Before You Register
Before opening an account, make sure you have the following ready:
- A valid Nigerian phone number (linked to your BVN)
- Bank Verification Number (BVN)
- Valid ID card (NIN, driver’s license, or international passport)
- Active bank account (for loan disbursement and repayment)
- Android phone with internet access (The EaseMoni app is not yet on iOS.)
Step-by-Step: How to Create an EaseMoni Account
Follow these steps carefully. We’ve tested them directly using the app in 2025:
1. Download the App
- Go to the Google Play Store and search for “EaseMoni – Instant Loan Online.”
- Make sure it’s published by Blue Ridge Microfinance Bank before downloading.
- Avoid APK versions from random websites.
2. Open and tap “Register.”
- Launch the app and tap “Register” or “Sign Up.”
- Enter your phone number (the same one linked to your BVN).
3. Verify Your Number
- You’ll receive an OTP via SMS or phone call.
- If it delays, use the “Get OTP via USSD” option (*347*22#).
4. Fill in Your Details
- Enter your full name, date of birth, email, and BVN.
- Choose your gender, and input your NIN or valid ID for verification.
- This is how EaseMoni checks your credit record and identity.
5. Link Your Bank Account
- Add your bank account number where your loan will be sent.
- This must be the same bank connected to your BVN.
6. Set Your Password
- Create a secure password for login.
- After this, EaseMoni runs a short background check using your credit report.
7. Account Activation
- If everything checks out, your account becomes active within minutes.
- You can now log in using your phone number and password anytime.
Tips Before Applying for Your First Loan
- New users usually start with smaller limits (₦3,000 – ₦50,000).
- Your credit score and repayment record determine future loan increases.
- Always ensure your BVN and phone number match to avoid rejection.
- Avoid using multiple devices to log in—it can trigger a temporary block.
EaseMoni Loan Account Verification
After you create your account, the app automatically verifies your BVN and bank information through licensed credit bureaus. This helps them determine if you’re eligible for higher loan limits.
Once verified, you’ll get a dashboard showing:
- Available loan limit
- Repayment due date
- Payment options
- Loan history and wallet balance
Common Account Setup Problems & Fixes
1. OTP not received:
Check the network signal or use *347*22# for USSD OTP.
2. “BVN not valid” error:
Recheck your digits and ensure your SIM is linked to the same BVN.
3. “Account already exists” notice:
You may have signed up before. Just tap Login, not Register.
4. App not opening or crashing:
Update to the latest version from the Play Store or clear the cache in the app settings.
Frequently Asked Questions
Q1. Can I create an EaseMoni account without BVN?
No. BVN is mandatory to confirm your identity and eligibility.
Q2. Can I use someone else’s bank account to receive my loan?
No. Your account must match your BVN and registered phone number.
Q3. Can I have two EaseMoni accounts?
No. Only one account is allowed per BVN. Multiple accounts may get blacklisted.
Q4. Is EaseMoni available on iPhone (iOS)?
Not yet. It’s currently only available for Android users on the Play Store.
Q5. How long does it take to verify my account?
Usually within 2–5 minutes once you submit your BVN and valid ID.
Conclusion
EaseMoni has made loan access simple, fast, and stress-free for Nigerians. As long as your details are correct and your credit history is clean, your account setup and loan approval will be smooth.
The app is fully licensed, transparent, and improving every year, making it one of the top digital loan platforms to trust in 2025. Always use your real BVN and details and repay on time, and your credit limit will grow automatically.
