FairMoney is a well-known loan app in Nigeria. They offer their users an easy and stress-free way of lending money. Borrowing Money from FairMoney started in early March 2018. The online lending platform has given over one thousand five hundred loans daily to Nigerians.
Before the launch, FairMoney has been able to help thousands of Nigerians and Nigerian businesses inch a bit closer to their dreams by providing them with the financial backing they cannot afford at the moment. They have made it possible for individuals and small businesses to thrive despite the reality of their situation.
FairMoney is a leading Nigerian-French FinTech company that offers loans in Nigeria. They provide quick loans to Nigerians without collateral. However, since its entrance into the lending sector in Nigeria, the company has earned positive reviews from its users. this licensed company gives loans through its mobile app and they offer flexible interest rates.
Signing up for FairMoney is easy, as you can easily do that using your Facebook account. That alone reduces the need to worry about difficulty in signing up to get a loan. To Borrow Money from FairMoney is easy.
Check out: How to Borrow Money from PalmPay
What Do I Need to Apply for FairMoney Loan
Below are the requirements to get a loan from FairMoney:
Basic personal information such as name and email
- Bank Verification Number (BVN)
- Bank Account details
- Automated Teller Machine card (ATM card). This is needed because it will be used to debit you for loan repayment.
- A photo of you may be needed in real-time
- You can only apply for the loan from the app
Everything listed above is all you need to apply for the FairMoney Loan.
How to Borrow Money from FairMoney
Below are the steps you need to follow to get a loan from FairMoney:
- Download the Android app from Google Play Store or App store.
- Sign up or log in with your phone number or Facebook profile.
- Create a profile as a new user and apply or apply for a loan as an old user.
- You will later be credited with money in your bank account within a matter of minutes.
With the steps you can find above you will be able to get money from FairMoney with ease. To FairMoney their customer experience and satisfaction are one of their major priorities.
FairMoney Loan Review
To get a loan you need to go through a certain process and as well have all the requirements. Well, FairMoney makes all that easy this makes them a fast and reliable option to make us of every time. Your loan will be approved within minutes, and there is no collateral or guarantor needed.
How much can I Borrow from FairMoney?
Users can access a FairMoney Loan in the range of ₦1,500 to ₦500,000 with durations for loans up to 2 months and above. The monthly interest is also up to 10%-30% monthly. The process does not incur any additional fees or hidden costs when processing the loan.