Ajomoni Loan App Review: Is It Safe, Legit, and Worth It in 2025?

Ajomoni is one of the new loan apps in Nigeria that offer quick access to personal loans without collateral. In this review, we will discuss how it works, interest rates, requirements, and if it’s really safe and legit for 2025.

What is Ajomoni?

Ajomoni is a micro-loan mobile app that claims to offer fast, secure, and transparent loans. It is developed by Eyocredit (Bluescape Advisory). It allows users to apply for a loan online, without visiting any office or needing a guarantor.

It promises same-day disbursement, flexible repayment options, and no hidden charges. With Ajomoni, borrowing money is simple, honest, and stress-free.

Key Features and Services

Here’s a clear overview of what Ajomoni offers to borrowers:

Loan Range: It allows users to borrow amounts starting from ₦10,000 and going up to ₦1,000,000, depending on eligibility and repayment history.
Repayment Terms: Borrowers can choose flexible repayment durations ranging from 91 days to 365 days, giving enough time to plan and repay comfortably.
Interest Rate (APR): The app applies an annual percentage rate between 5% and 36%, depending on loan amount, duration, and user profile.
Service Fees: The app charges a service fee between 1% and 5% of the loan amount, and all costs are shown clearly before loan approval, with no hidden charges.
No Collateral Required: Loans are completely unsecured, meaning there’s no need for collateral or a guarantor; they are designed for convenience and ease of access.
Fully Digital Application: Everything is done online, from the application to getting approved and receiving funds. The process begins by downloading the app and signing in with a phone number and takes just a few steps.
Revolving Credit Option: Ajomoni includes a revolving credit feature that allows users to re-borrow or repay anytime, up to their approved credit limit. This is helpful for users who need regular access to funds.
Transparent Cost: Ajomoni provides a sample loan breakdown: If you take a ₦100,000 loan for 365 days at 5% interest and a 2% service fee, the breakdown looks like this:

Interest = ₦5,000
Service Fee = ₦2,000
Total Repayment = ₦107,000

Regulatory Compliance: The app follows standard lending practices and provides clear loan terms. Borrowers are also allowed to repay early, and in some cases, this may come with reduced charges.

How Much Can You Borrow on Ajomoni?

Ajomoni offers a wide loan range:

Minimum Loan Amount: ₦10,000
Maximum Loan Amount: ₦1,000,000
Loan Tenure: 91 to 365 days (3 months to 1 year)

This makes it best for both small emergencies and bigger needs like rent or school fees.

Ajomoni Loan Interest Rates and Fees

Ajomoni’s loan costs are broken down into two main parts: the interest rate (APR) and a separate service fee.

The Annual Percentage Rate (APR) ranges between 5% and 36%, depending on the loan amount, duration, and user profile.
On top of that, there’s a service fee of 1% to 5% of the loan amount, usually charged during processing.

Example:

If you borrow ₦100,000 for 365 days at a 5% interest rate and a 2% service fee, the breakdown would look like this:

Interest = ₦5,000
Service Fee = ₦2,000
Total Repayment = ₦107,000

All fees are clearly displayed upfront before you accept the loan, so there are no hidden charges or surprises later on.

Repayment must be made within the agreed loan term, which can be up to 365 days. The app also allows for early repayment, and in some cases, this may come with reduced fees.

Repayments can be automatically debited from the bank account linked during the application process, helping you stay on track.

There are no hidden charges. Everything is shown clearly before you accept the loan.

Who Can Apply for a Loan on Ajomoni?

To apply, you need to meet these basic requirements:

Be 18 years or older
Be a Nigerian citizen
Have a valid bank account and active phone number
Provide basic income or job details

With no collateral and no guarantor needed, it is 100% online.

Application Process and Approval Time

Applying for a loan is simple, fast, and completely online from your smartphone; there is no need to visit any office or fill out lengthy paperwork.

Here’s how the process works:

Download the Ajomoni app on your mobile device.
Sign up using your phone number. A verification code will be sent to confirm your identity.
Fill out a short application form, including personal details, income information, and bank account.
Wait for a loan decision, which is usually made within minutes.
Receive funds directly into your bank account if your application is approved.

Ajomoni is designed to meet urgent financial needs, and in many cases, loans are approved and disbursed on the same day. While speed is a major advantage, the actual approval time may vary based on how quickly your details are verified, including your ID, bank account, and income source.

You can download Ajomoni loan app here.

Ajomoni Revolving Credit Option

Ajomoni also offers a revolving credit feature, which you can reborrow anytime up to your approved limit without applying again from scratch.

It’s useful if you need repeated access to cash for business or household needs.

Ajomoni Reviews 2025

As of July 2025, Ajomoni is still a new loan app market and currently gets just over 500 downloads, with little to no user reviews or ratings available on the app store.

This means there are very few user ratings and reviews to assess the app’s real-life performance, reliability, or customer support quality.

The few user reviews with positive ratings suggest that Ajomoni is still gaining traction and has only reached a small audience so far. The loan is FCCPC approved and is listed on directories of licensed or compliant loan providers, but such listings do not reflect actual customer experiences.

If you’re considering using Ajomoni, it’s wise to start with caution, borrow a small amount, and test the experience for yourself before committing to larger loans.

Pros and Cons

✅ Pros:

Simple and fast application
No collateral or guarantor needed
Clear fees and interest breakdown
Flexible repayment up to 1 year
Safe and private (no contact harassment)
Offers revolving credit

❌ Cons:

Interest rate can be high (up to 36%).
Still new—no user reviews yet
Customer support may not be fast
Collects personal info (like ID and location)

Is Ajomoni Safe and Legit?

Yes, Ajomoni appears to be safe and legit in 2025. Here’s why:

It does not require collateral or access to your contacts.
Your data is encrypted and never shared with third parties.
Ajomoni is compliant with Nigerian digital lending regulations.
The app is listed on trusted platforms and has a proper privacy policy.

Ajomoni states it won’t call or message your contacts, unlike some harsh loan apps in Nigeria that harass borrowers.

See Also: Ultra Naira Loan App (Download, Review, Alternative, is it legit?)

Final Verdict

Ajomoni is one of the legit and straightforward loan apps designed to provide fast, flexible microloans to Nigerians. It has clear loan terms, no collateral requirement, and an easy-to-use mobile platform; it offers a practical solution for those who need emergency funds.

However, you should be mindful of these few important points:

The interest rate can be high, especially for longer-term or high-risk loans.
Since the app is still very new, there’s little public feedback about real user experiences.
As with any loan, missing payments could result in additional charges or complications.

For those considering it, the best approach is to start small and test the process with a lower loan amount, understand how the repayment works, and build trust gradually.