About Fairmoney Loan Nigeria
FairMoney is an automated online moneylender that provides single payment loans, installment loans and payroll loans for borrowers.
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Their minimum loan amount is N10,000 and the upper limit for a new customer is N40,000 with no collateral or guarantor required.
Interest rates are determined by a number of factors, including your repayment history and the cost of lending.
Loan decisions are provided within 15 seconds and if approved, the applicant receives funds within 5 minutes. 24 hours a day, 7 days a week.
Loans are delivered via an Android mobile Fairmoney Loan app, with lending decisions provided almost instantly.
How Does The Fairmoney Loan App Works?
You can check if you are eligible for the Fairmoney Loan through their website, once you received your pre-approved Loan offer from Fairmoney then you are good to go.
Fairmoney Loan Review
They offer loans of different products, loans are available to new and existing customers:
1. Fairmoney Payday loans
FairMoney payday loan is designed to provide monthly overdraft to staff of companies, ministries, Parastatals and other establishments.
2. Fairmoney Education Loan
Any salary earner, self-employed or professional Public and Private companies, Students, Government sector employees including Public Sector is eligible for a personal loan.
3. Fairmoney Business Loan
This loans help business to cover cash flow payments when due.
Fairmoney Interest Rates
Their interest rate varies based on your profile, from 10% to 30% per month of the loan borrowed.
Fairmoney Loan App / Apk And How To Apply Easily
Fairmoney Loan App is one of the best loan apps in Nigeria offering instant cash to your bank account, up-to N150,000 loan without collateral or paperwork.
If you need money for your business or a personal loan, download the FairMoney app, sign up and follow a simple application process to get an instant loan in only 5 minutes.
FairMoney is a fast, secure, reliable and free Android mobile banking app, available in Nigeria. With Fairmoney Loan App, getting loans and paying bills fast becomes easy. You can also earn bonus cash when you invite your friends to Fairmoney App.
Fairmoney Loan App Instalments And Interest Rate:
1. On FairMoney App anyone can access between ₦1,500 to ₦150,000 in loan amount.
2. Their repayment periods range between 61 to 180 days allowing you to pay back in instalments.
3. Monthly interest rates range from 10% to 28% EIR (EIR: Effective Interest Rate per month) and APR from 120% to 260%.
4. There are no additional fees for processing your loan or any hidden costs associated.
5. Repaying/reimbursing your loan: You can reimburse your loan through bank transfer, or USSD transfer or via debit card.
Requirements To Apply For Fairmoney Loan
All you need is your phone number and BVN to apply for a loan of up to ₦150,000 from your phone.
• Valid bank details
• BVN number
• Android Phone
• Complete application
• Simply Download the FairMoney Loan app
• Sign up with Facebook or your phone number
• Create your secure PIN.
No document, no collateral Needed,
You will only need to share your BVN during the loan application and connect your ATM card to authorize Fairmoney to debit your account for the repayment.
How To Apply And Get Cash Loan Of Up-to N150k Via Fairmoney Loan App.
Step 1: Download The Fairmoney Loan App
Open the Google Play Store on your phone, search “FairMoney” and hit the “ Download And Install” button,
Step 2: Sign Up And Register On Fairmoney App
Sign up with your phone number, answer quick questions in 2 minutes then proceed to the next stage,
Step 3: Apply For Fairmoney Loan
Once you apply online through Fairmoney App and your loan gets approved, then you receive a loan offer, instantly.
Fairmoney Contacts
You can contact Fairmoney through their office address, Fairmoney email address and Fairmoney number.
Please send an email to help@fairmoney.ng or call the Customer Service Hotline on 01 631 6097 (Mon-Fri; 9am-5pm).
How To Fasten Your Loan Approval On Fairmoney Loan App
You need an Android phone. Download the FairMoney app here from the Google Play Store.
Sign up with the phone number linked to your BVN, answer a few questions and confirm your identity to receive a loan offer.
If you accept it, you will receive your loan instantly in your preferred bank account.
Why Fairmoney Loan Apk
• Speed of delivery – You can get a loan from Fairmoney App instantly in 5 Minutes, from anywhere in Nigeria
• Flexibility – You can repay on or before your due date with a reduced interest rate
• No hidden charges – their interest charges are all-inclusive, ensuring transparency
• The Fairmoney customer care is King – their team is trained to treat you with the utmost respect at all times.
How To Repay Fairmoney Loan
1. To repay your Fairmoney Loan, Click on the "Repay" button in the Fairmoney app to pay with an ATM card, USSD or Automatic Bank Transfer (via your Providus wallet)
2. You can also repay via bank transfer or cash deposit to the following details:
Account Name: MyCredit Investments Limited
Bank Name: Stanbic IBTC
Account Number: 0023462495
• Please add the code given in the app to your transfer reference/description.
After the payment, please send an email to help@fairmoney.ng with a screenshot of your proof of payment.
Kindly note it takes up to 24h to update your repayment.
Conclusion On Fairmoney Loan App Nigeria
Fairmoney Loan being one of the best loan and trusted money lending platforms in Nigeria that gives instant loans without colleatral, you can sign up and apply for Fairmoney Loan.
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