FairMoney Loan: Get Instant Loan App with no Collateral – See How to Apply

This update is to inform the general public of FairMoney Loan that is currently ongoing for all that needs instant loan to apply for. FairMoney Loan is an instant loan app with no collateral and readily available for all interested persons to download and apply. All you need to apply successfully are all contained here

FairMoney Loan: Get Instant Loan App with no Collateral – See How to Apply

FairMoney is a digital bank. We make it easy for you to apply for a loan and receive your loan into your bank account in minutes 24/7. FairMoney is a digital bank that gives instant loans, no collateral needed.

Get loans up to ₦1 million, a bank account with free transfers, a debit card for spending, and more

Loan amounts range between ₦1,500 to ₦1,000,000 with repayment periods from 61 days to 18 months at monthly interest rates that range from 2.5% to 30% (APRs from 30% to 260%)

An example of a FairMoney loan

Borrow ₦100,000 over 3 months

Interest (total cost of the loan): ₦30,000 (30% rate)

Three monthly repayments: ₦43,333

Total amount payable: ₦130,000

Representative: 120% APR

DID YOU KNOW?

One FairMoney client gets a loan every 8 seconds!

It takes 5 minutes to get a FairMoney loan

I have a complaint or feedback; how do I contact you?

Please send an email to help@fairmoney.ng or reach out through our social media platforms.

Where is FairMoney located?

FairMoney office is located in Lagos, Nigeria. See fairmoney.ng/contact for more details

How can I get an instant loan?

You need an Android phone and a BVN. That’s all! Download the FairMoney app 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!

How much can I borrow and for how long?

FairMoney offers loans from loans of up to 1 million Nairas for a period of up to 18 months. The better your lending history and positive behavior, the more you can access and the longer the period!

What makes FairMoney different from other lenders?

Speed of delivery – You can get a loan instantly in 5 minutes, from anywhere in Nigeria Flexibility – You can repay on or before your due date No hidden charges – Our interest and fees charges are all-inclusive, ensuring transparency The customer is King – Our team is trained to treat you with the utmost respect at all times

Do I need documents or a collateral?

No document, no collateral! You will only need to share your BVN details during the loan application and connect your card or bank account to authorize us to debit your account for the repayment.

Why was my loan application rejected?

Apologies on that, you can apply again in a few days! It might be for different reasons: – Not enough information found on the phone: You should increase your phone usage (Calls/SMS) to be eligible. – We decided not to give you a credit at this time after analyzing your profile. Keep using your bank account with healthy revenues to get a loan soon.

Click on the “Repay” button in the app to pay via card or bank transfer

How do I check my account balance and payment date?

Please log in in the app, you will find your customized dashboard that contains your credit status and/or all the details concerning your current balance.

Can I get another loan immediately?

As soon as your previous loan repayment is confirmed, you can reapply immediately and get another loan in seconds!

How does auto-debit work?

– Auto-debit allows you to repay your FairMoney loan easily without taking care of it! – Your bank will ask you to authorize FairMoney to debit your account at the repayment date.

Select the “Debit/Credit Card” option when repaying your loan and enter your card details. If you don’t have a card, please contact your bank.

What happens if I don’t pay back?

We are humans and understand that unexpected and unforeseen situations may occur. However, we do not reschedule payment dates, you should take a loan only if you have the capacity to repay it to avoid: – Late fees – Suspension of your FairMoney account – Report to national credit bureaus as required by law (CRC, First Central)

Can I extend my loan duration?

Yes! Please go to “Manage loan” in the app to see extension offers (if any)

Can I trust FairMoney with my identity and bank account details?

FairMoney is a Nigerian company with headquarters in Europe. We comply with European data security standards. FairMoney will never sell the information you shared to third parties.

Why do you request permissions on my phone when installing the FairMoney app?

FairMoney collect and processes securely data from your phone (SMS, device details, location, phonebook) to make a lending decision. This data is necessary for us to approve your loan in real-time without asking you for cumbersome paperwork.

What happens if I lose my phone?

Send an email to help@fairmoney.ng to get the details of your loan and your repayment date. You can also sign in from another phone using your phone number and password

What are your Terms of Use and Privacy Policy?

Go to our terms of use and privacy policy pages (links in the footer of fairmoney.ng)

Is my money safe with FairSave?

Absolutely! Your FairSave is as secure as your FairMoney bank account. All transactions and account management are handled using 256-bit HTTPS SSL encryption. We are licensed by the Central Bank of Nigeria (CBN), and all deposits are insured by NDIC.

What is the difference between your FairMoney bank account and FairSave?

The main difference is that you earn money daily when you keep money in your FairSave, unlike your regular FairMoney account which would be your current account. The moment you credit your FairSave, you start earning money!

How much interest do I earn with FairSave?

You earn an effective annualized interest rate of 10% on whatever amount you have deposited in your FairSave.

When do I get the interest posted to my FairSave?

Interest is paid daily. Even though the interest on your FairSave is per annum, you are credited with the interest accrued on funds in your FairSave daily!

How to download and access FairMoney Loan

Kindly visit: https://fairmoney.io/