Quick summary: EZLoan (by PACT OWOH LIMITED) is a mobile lending app that promises fast, 100% digital loans with a wide borrowing range and flexible repayment terms. It can be useful for emergencies but carries interest and data-privacy considerations — read the details below before applying.
At a glance — Key details
| Developer | PACT OWOH LIMITED |
|---|---|
| Platform | Android (Google Play) |
| Typical loan range | ₦5,000 – ₦5,000,000 |
| Repayment period | 90 – 270 days |
| Interest / APR | From ~18.5% APR (0.05% daily) up to ~25.55% APR (0.07% daily) — check the app for exact quotes |
| Downloads (approx.) | 5,000+ installs (Google Play) |
What EZLoan promises
- Fast, fully digital loan application and approval.
- No collateral or guarantor required for eligible users.
- Instant payout to your bank account once approved.
- Flexible repayment windows and automated reminders.
- Claims of transparent fees and regulatory/licensing status.
Pros — Why people like it
- Speed: Application and disbursement are designed to be quick.
- Range: Borrowers can access both small emergency amounts and larger loans.
- Convenience: Everything is handled from the app — no paperwork.
- Repayment flexibility: Longer tenures (up to 270 days) are offered for larger loans.
Cons & Risks — What to watch for
- Cost of borrowing: Interest rates/fees can add up — always confirm the total repayment amount before accepting a loan.
- Privacy & permissions: The app may request access to personal data, contacts, location, photos — review permissions and the Data Safety section.
- Regulation claims: The app may claim to be licensed. Verify regulatory status (e.g., CBN listing) before taking large loans.
- Support variability: Customer support response and dispute resolution can vary.
Important: This review is informational. Always read the app’s terms & conditions, check the repayment schedule and calculate total cost (principal + interest + fees) before borrowing.
Detailed features
The app typically provides:
- Loan calculator and quotes inside the app.
- Automated repayment reminders (push or SMS).
- KYC & identity verification (may require ID photos, selfie, and proof of bank account).
- In-app help and customer support contact details (email and hotline).
How to download EZLoan (step-by-step)
Follow these steps to safely download and install EZLoan from the Google Play Store:
- Open this link on your Android device: https://play.google.com/store/apps/details?id=com.pactowoh.ezloan
- If prompted, sign in with the Google account you want to use on the device.
- Tap the green Install button on the Play Store page.
- Review the requested permissions (camera, storage, phone, contacts, location, etc.) and decide if you’re comfortable granting them. If any permission looks unnecessary, you can deny it and test the app, or uninstall and reconsider.
- Wait for the download and installation to complete, then tap Open or find the EZLoan icon on your home screen/app drawer.
- Create an account or sign in, complete the KYC steps (ID, selfie, bank info) and apply for a loan. Review the APR and total repayment before accepting.
Download EZLoan on Google Play
How to evaluate before borrowing (checklist)
- Confirm the total repayment amount and not just the monthly/daily percentage.
- Check the app's Data Safety information on Play Store to know what is collected and shared.
- Search for user reviews in Google Play comments (sort by “Most recent”) to see real user experiences about approval time, support, and hidden fees.
- Verify any regulatory claims (for example, check central bank or official registries if you are unsure).
- Keep records of all loan agreements, receipts and communications with support.
Frequently asked questions (FAQ)
- Is EZLoan safe to use?
- No online loan product is risk-free. EZLoan appears to be a standard digital lender — confirm licensing, read the Data Safety section, and only provide the minimum required data. Never share your PIN or full bank login details.
- How long does disbursement take?
- The app advertises instant payout once approved — typically minutes — but actual time can vary by bank and verification checks.
- What if I miss a repayment?
- Missing repayments usually leads to late fees, higher interest and negative consequences on credit. Check the terms for penalties and contact support immediately if you foresee difficulty repaying.
EZLoan can be a helpful option for quick, small-to-medium urgent loans thanks to its digital process and flexible terms. That said, the cost of borrowing and privacy/permission demands warrant caution. Use the app responsibly: verify licensing, read the full repayment schedule, and only borrow what you can repay on time.
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