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Does EasyBuy VIP Loan Defame or Call Contacts? (Honest Review)

Loans can be a lifesaver when you’re stuck financially, but not every loan platform plays fair. While some are quick to assist, others can trap you with high interest, hidden charges, or endless harassment. EasyBuy VIP Loan is one of the most talked-about lending services in Nigeria, and many people are still confused about whether it helps or harms. Some borrowers praise its large loan offers, while others complain about the repayment stress and constant phone calls.

So, does EasyBuy VIP Loan actually defame people? Is it worth trying, or should you avoid it at all costs? Let’s review the good, the bad, and the ugly side of EasyBuy VIP Loan.

What is EasyBuy VIP Loan?

EasyBuy is widely known for offering phones on credit to customers who can’t pay in full at once. After completing your phone loan successfully, EasyBuy opens the door to their VIP Loan service, which is a cash loan designed for bigger financial needs.

Unlike other loan apps that give you ₦4,000, ₦10,000, or ₦20,000, EasyBuy VIP Loan can give you as much as ₦70,000 to over ₦100,000 on your very first attempt. This makes it appealing to people who need urgent cash for personal or business use. However, while the loan amount is attractive, the interest rates can be very high and repayment rules are strict.

Simply put, EasyBuy VIP Loan is like a “next level” offer for EasyBuy users who have proven they can repay debts. But before rushing into it, let’s carefully examine the advantages and disadvantages.

Advantages of EasyBuy VIP Loan

1. Larger Loan

Unlike other loan apps that only offer small amounts, EasyBuy VIP Loan can give you up to ₦100,000+ even as a first-timer. Personally, I was offered a minimum of ₦80,000. Instead of borrowing small loans from different apps, you can get a larger sum from EasyBuy VIP.

2. Flexible Repayment Options

You can repay through ATM card, bank transfer, or even automatic deductions (if you approve).

3. No Guarantor Needed

You don’t need to bring in a guarantor. EasyBuy only uses the data you submitted during your phone loan application.

4. No Contact Defamation

Unlike some shady apps that call all your contacts when you default, EasyBuy VIP Loan won’t defame you. They only reach out to the guarantors you submitted.

5. No Phone Locking

Unlike EasyBuy phone loans (where they can lock your phone if you default), nothing like that happens with VIP loans. Your phone remains safe and usable.

Disadvantages of EasyBuy VIP Loan

1. High Interest Rate

The interest is outrageous. I was offered ₦161,000 but asked to pay back ₦288,000 within six months. If you default, overdue charges keep piling up until repayment is made.

2. Loan Amount May Be Too Large

If you only need a small loan, this isn’t for you. EasyBuy VIP usually starts from ₦70,000 and above. Smaller apps like FairMoney, Branch, or Carbon may suit you better if you just need ₦10,000–₦20,000.

3. Harassment Through Calls

They don’t defame, but they can frustrate you with endless calls and texts. From morning till night, you can expect calls if you miss repayment. They also contact your guarantors aggressively.

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4. Guarantors Get Disturbed

Even though they don’t call all your contacts, your guarantors won’t be spared. They will be spammed with calls, threats, and harsh words until you repay.

5. Unapproved Disbursement

Sometimes, money may be credited into your account without your full consent during application. Even if you reject it, they may still expect repayment with interest.

How to Qualify for EasyBuy VIP Loan

You must have previously bought a phone on credit from EasyBuy.
You must have fully repaid your phone loan.
Maintain a good credit score by paying on time.
Avoid owing other NewEdge loan apps (PalmCredit, NewCredit, Xcross).

Requirements for EasyBuy VIP Loan

Bank account details.
ATM card (must be linked before disbursement).
Your photo (BVN is already with them from your phone loan).

ALSO READ: Best student loan options for polytechnic students in Nigeria

My Experience: Will EasyBuy VIP Loan Defame Me?

No, they won’t. EasyBuy VIP Loan does not defame or leak your information. They only frustrate you with calls and texts, and they’ll disturb your guarantors too.