How To Get Loan From Easybuy

A Comprehensive Guide to Getting a Loan from Easybuy

Easybuy is one of the leading fintech lending platforms in Nigeria with over 500,000 customers served. They offer two primary loan products – Mobile Installment Loans for in-store purchases and Easyloan for quick cash disbursements.

In this detailed guide, I’ll explain step-by-step how to apply for and get a loan from Easybuy through both their Mobile Installment Loans and Easyloan services.

How To Get Loan From Easybuy

Easybuy Mobile Installment Loans

Easybuy Mobile Installment Loans allow you to purchase goods and items on credit from partner retail stores across Nigeria. Over 1,000 partner outlets currently participate in the program. Here is a step-by-step walkthrough:

Step 1: Download and Install the Easybuy App

First, you need to download the Easybuy app from either the Google Play Store or Apple App Store. The app is free and available for both iOS and Android smartphones.

Once installed, open the app and register for a new account if you don’t already have one. Existing users can directly login.

Step 2: Find a Partner Retail Store

Within the Easybuy app, you can browse and locate partner stores near you that participate in their installment loan program. Stores display a prominent Easybuy sticker indicating participation. You can also search for specific retailers.

Some popular national retailers that currently partner with Easybuy include Slot, Pointek, Adiba, Coscharis, and HealthPlus among hundreds of others.

Step 3: Select an Approved Item to Purchase

At the partner store, you can pick any product within the approved Easybuy price range and credit limit. Common purchases include smartphones, electronics, home appliances, furniture, and computers.

The store staff can advise if an item qualifies for Easybuy’s installment loan program. Approved products are also tagged with an Easybuy label.

Step 4: Initiate Loan Application in the App

After selecting the approved item you wish to purchase on credit, open the Easybuy app and initiate a new Mobile Installment Loan application.

You will need to enter details like the store name, item, price, loan tenor, and your personal details. Make sure all information entered is accurate.

Step 5: Submit Application for Approval

Once you complete and submit the loan application, Easybuy will process it in real-time. Approval decisions are based on eligibility criteria like your income, credit score, repayment capacity, past borrowing history with Easybuy, etc.

You will receive an instant notification in the app informing you if your application was approved or declined.

Step 6: Confirm Loan Approval with Store

If approved, the retail store will also receive a notification allowing you to proceed with purchasing the item on installment credit provided by Easybuy.

You can then complete the purchase, take your item home, and Easybuy will credit the store for the approved loan amount on your behalf.

Step 7: Repay the Loan in Installments

Once your purchase is complete, you will be responsible for repaying the loan amount to Easybuy in fixed monthly installments.

Repayment schedule and loan terms like tenor, interest rate, processing fees etc. will be as agreed initially when you completed the loan application.

The installment payments will be debited automatically from the bank account you registered with Easybuy. You can also make manual payments if needed.

And that completes the full process of accessing an Easybuy Mobile Installment Loan for retail purchases!

Easyloan Short-Term Cash Loans

Beyond installment loans, Easybuy also offers Easyloan which provides quick short-term cash loans directly to your bank account. Here is an overview of how to apply and get a cash loan:

Step 1: Create an Easyloan Account

You first need to create an account on the Easyloan platform – either on their website at or via their app on the Google Play Store.

Provide your personal details like name, phone number, email, address and bank account number to setup the account.

Step 2: Complete Your User Profile

Spend time thoroughly completing your full user profile. This includes details like:

  • Employer name and income information
  • Bank account statements
  • Personal identification
  • Contact info of references

Easyloan uses this to verify your identity and assess your loan eligibility. Complete and accurate profile information is key.

Step 3: Select Desired Loan Amount

Based on your profile, Easyloan will provide eligible loan amount and repayment tenure options. Select the loan amount and duration you wish to apply for based on your requirements and repayment capacity.

Loan amounts range from ₦1,500 to ₦500,000 with flexible 1-12 week repayment tenors.

Step 4: Submit Your Loan Application

Carefully review the loan terms like interest rate, processing fees, and repayment schedule before submitting your final application.

Double check that all personal, employment and contact information entered is correct before completing the application.

Step 5: Loan Approval and Disbursement

Easyloan will process your application in just a few minutes or hours in most cases. Approval decisions depend on their credit algorithms assessing your profile.

Once approved, the loan amount is instantly disbursed directly to the bank account you provided.

Step 6: Repay Loan through Scheduled Deductions

Repayments are made automatically through scheduled deductions from your linked bank account. Repayment frequency can be weekly or monthly depending on the loan tenor.

A standing order is established for seamless repayments until your loan is fully cleared. You can also make manual supplementary payments.

And that sums up the process of accessing a fast short-term cash loan from Easyloan!

How To Get Loan From Easybuy


Easybuy makes accessing financing easy through innovative mobile installment loans for retail purchases and instant short-term cash loans. Both options provide viable alternatives to traditional loans.

However, always borrow responsibly! Only take a loan amount you can comfortably afford to repay on schedule. Carefully review all terms and eligibility criteria as well.

I hope this detailed guide gives you all the information you need to successfully get a loan from Easybuy through their Easybuy Installment Loans or Easyloan products. Let me know if you have any other questions!


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