EaseMoni is OPay Microfinance Bank's instant cash-loan product (its own app, and a module inside OPay) — ₦3,000 to ₦1,000,000 over 30–365 days, no collateral or guarantor, disbursed in about 3 minutes. Rates are risk-based from 3%/month but can be much higher (a verified offer was 10.5%/month). The monthly figure badly understates the true cost: that 10.5%/month offer is an effective APR around 190%. Early repayment doesn't reduce the interest, and late payment adds 1%/day.
| Interest (3%/mo flat) | ₦90,000 |
| Monthly payment | ₦6,333 |
| Total repayment (installments only) * | ₦190,000 |
Flat rate — you pay ₦6,333 every month for 30 months. Interest is charged on the full principal throughout, even as your balance decreases. This is why the effective APR is higher than the quoted rate × 12.
Any adult 18–55 with a BVN and a Nigerian bank account for disbursement (selfie/KYC at signup). No salary or employment requirement. Loan amount and rate are risk-based — set by EaseMoni's credit evaluation and repayment history ("product loyalty"); on-time repayment unlocks higher limits, longer tenure and lower rates. The Revolving Loan tier requires a good existing EaseMoni track record (clean credit history; eligible to borrow ≥2 times within an approved limit).
EaseMoni (OPay MFB) — instant naira cash loan ₦3k–₦1m, 30–365 days, no collateral/guarantor, ~3-min disbursement. Flat monthly 3%–10.5%+ (risk-based); EFFECTIVE APR up to ~190% (verified 10.5%/mo offer). No interest saved on early repayment; 1%/day late rollover. Fast but among the most expensive; uses urgency-discount pressure.