I get to hear about FairMoney loan when am not financially stable, after completing the steps on how to apply for a Fair Money instant loan, the loan was given to me in just 5 minutes.
With FairMoney, you can get loans up to ₦1 million. To get the FairMoney loans quickly and securely, download the FairMoney app for free. Applying for the FairMoney Instant loan, you get longer repayment plans of up to 18 months.
FairMoney has flexible interest rates, monthly installments, easy, fast & secure, Safe & Secure Deposit. Now, you can also buy airtime and data using the FairMoney app.
The FairMoney Instant Loan is an easy to borrow loan for the first time without the need for paperwork like banks in Nigeria where you’ll have to do lots of paperwork to get a loan sum. FairMoney’s case is different.
For those who ask, what is FairMoney?
What is FairMoney?
FairMoney is a digital banking platform in Nigeria that offers instant loans with no collateral needed to the registered customer that qualifies for the loan. It’s a bank account with free transfers, a debit card for spending, and more.
How does the FairMoney loan works?
Loan amounts on FairMoney 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 how FairMoney loan works is for instants, you borrow ₦100,000 over 3 months, the interest (total cost of the loan) will be: ₦30,000 (30% rate). The money is allowed for three monthly repayments: ₦43,333. Making the total amount payable: ₦130,000. The representative: 120% APR.
Requirements for Fairmoney Loan
There are no much requirements needed for getting a FairMoney loan. You just need an Android phone, BVN, and download the FairMoney app from the Google Play Store or App Store then Sign up with the phone number linked to your BVN (bank). That’s all!
How Do I Apply For A Fairmoney Loan
To apply for the FairMoney Loan needs you to download the FairMoney app. Is your mobile device an Android or iOS? If Android, download the FairMoney Instant loan app on Google Play Store while if iOS, go for the app on App Store.
Also, note that new users should use the Sign Up bottom while existing users should use the Log In button.
Here is how you can start the FairMoney Instant loan application:
- Download FairMoney App.
- Sign up or log in (you will be asked to do so with your phone number or Facebook profile).
- Next, create a profile if you’re a new user or apply for a loan as an old user.
- Fill all the necessary details required by FairMoney for the loan purpose.
- Accept the FairMoney terms and conditions.
- You’ll get credited the FairMoney instant loan in your bank account within some minutes.
How much can FairMoney borrow me for the first time?
First time users get lower loan offer from FairMoney. This offer is between N500 to N1,500. The FairMoney instant loans grow from N1,500 to N150,000 for a period of up to 3 months.
Also, you can access higher loan amounts and longer repayment periods from FairMoney if you repay your loan on time or make payments in the FairMoney app.
How long those it takes to get the FairMoney Loan?
It takes 5 minutes to get a FairMoney loan.
What is the code to get loan from FairMoney?
FairMoney USSD code for loan is *322*2# or *322*6#. When you dial the FairMoney loan USSD code, it will take you to the FairMoney registration platform where you can also apply for a loan.
Can I get FairMoney Loan without downloading the app?
No, to get FairMoney Instant Loan, you must first download the app.
How do I get a loan from FairMoney?
Download the FairMoney app. Once you have successfully downloaded the FairMoney app, the next step is to tap on Sign up button if you’re a new user. Log in if an existing user is already.
After that, you have to answer a few questions to get a loan offer from FairMoney then accept the FairMoney instant loan offer. In a few minutes, you’ll receive the loan amount applied for.
Does FairMoney ask BVN for loan application?
Yes, FairMoney request for your BVN to verify your identity and make sure you didn’t default from other companies.
FairMoney is a loan app that gives you access to loans anytime, and anywhere. At FairMoney, they provide you with the quick mobile loan on your android or iOS device. Get the FairMoney Instant Loan to apply.
Now that you have got the necessary information about how to apply for a FairMoney loan and get the money received in 5 minutes. You believe that the FairMoney loan is real and of course among the quick loan you get online right?
Apply the FairMoney Instant Loan today!