Easemoni, a popular digital lending platform in Nigeria, offers short-term loans primarily via its mobile application. This has made access to credit simple and instantaneous for many users. But when it comes time to repay the loan, borrowers might not be entirely sure how to proceed, especially if they prefer offline methods or are accustomed to traditional banking practices. In this article, we’ll explore both the online and offline repayment methods for an Easemoni loan and answer some frequently asked questions.
Online Repayment Methods
Via the Easemoni App:
The easiest way to repay your Easemoni loan is through their official app, which is available for download on both Android and iOS devices. Here’s how you can do it:
- Open the Easemoni app on your smartphone.
- Log in to your account using your credentials.
- Navigate to the ‘Repayment’ section on the dashboard.
- You will see your outstanding balance and due dates.
- Click on ‘Repay’ and select your preferred online payment method (debit card, bank transfer, or USSD).
- Follow the prompts to complete the payment.
Direct Bank Transfer:
If you prefer to make a direct bank transfer, you can do so by transferring your repayment amount directly to the bank account details provided by Easemoni. Ensure you use your unique ID or phone number as the payment reference to avoid any delays in loan processing.
- Log into your internet banking platform.
- Set up a new beneficiary – in this case, Easemoni’s bank account (you can find this information on their website or contact customer service).
- Enter the amount you wish to repay.
- Add your loan ID or registered phone number as the reference.
- Confirm the transaction.
Offline Repayment Methods
Bank Deposit:
You can visit any commercial bank and make a cash deposit into the official Easemoni bank account. Similar to the online bank transfer, make sure to use your loan ID or registered phone number as a reference.
- Visit your nearest bank branch.
- Fill out a deposit slip with Easemoni’s bank account details.
- Include your loan ID or phone number in the remarks/reference section.
- Submit the slip and cash to the teller.
- Keep the deposit receipt for your records.
Payment through Agents:
Easemoni might have partnerships with local agents or merchants where you can go and repay the loan. It’s essential to verify if this service is available by contacting Easemoni’s customer service.
- Visit the designated agent.
- Provide your loan details and cash for repayment.
- The agent will process the repayment on your behalf.
- Obtain a receipt or any proof of payment from the agent.
Frequently Asked Questions (FAQs)
How do I check my loan balance and due date on the Easemoni app?
Log in to your Easemoni app, navigate to the dashboard, and you will find details of your loan balance and the next due date prominently displayed.
What happens if I repay my loan early?
Repaying your loan early can be beneficial as it may positively impact your credit score and eligibility for future loans with Easemoni or other financial institutions. Easemoni typically does not charge penalties for early repayment.
Can I make part payments on my Easemoni loan?
Yes, Easemoni allows part payments. You can make partial payments towards your loan amount before the due date. However, ensuring the total amount is paid by the due date is crucial to avoid penalties.
What should I do if I experience issues during the repayment process?
If you encounter any problems while trying to make a repayment, you should immediately contact Easemoni customer support via their app, phone, or social media platforms. Provide them with any relevant details (like transaction IDs, error messages, etc.) to help resolve the issue efficiently.
Are there any additional fees if I choose to repay via bank transfer or through an agent?
Easemoni typically does not charge additional fees for repayment regardless of the method used. However, banks or agents might have transaction fees that you need to pay separately. Always ask for any associated fees before completing a transaction.
Conclusion
Repaying your Easemoni loan is straightforward, whether you prefer an online or offline method. Ensure that you keep track of due dates and maintain adequate records of payments to avoid any discrepancies. Proper management of your loan repayment not only helps maintain a good credit score but also enhances your eligibility for future financial assistance
