In the last four years, over 3 million customers have relied on the Fairmoney loan app for instant loans.
Loan amounts range between ₦1,500 to ₦1,000,000 with repayment periods from 61 days to 18 months at monthly low interest rates that range from 2.5% to 30% (APRs from 30% to 260%)
💸 Loan characteristics
Online Loan amount from ₦1,500 to ₦1,000,000
No collateral required
100% digital application & fast loan disbursements
Repayment periods from 61 days to 18 months
APR from 30% to 260% per annum
Interest discounts of up to 90% for early repayments
No hidden fees
💸 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
FairMoney Microfinance Bank, duly licensed by the Central Bank of Nigeria, is now more than just a loan app in Nigeria with all your deposits insured by the Nigeria Deposit Insurance Corporation (NDIC). We are now a mobile banking app to help you manage your finances.
As we continued to seek a more efficient way to disburse quick loans to you and help you spend it, we realized that our customers need a simple way to receive and spend money. Hence, why we redesigned the app to accommodate online banking key actions and more.
With the FairMoney app, you can:
– Get an account number and use it to receive money from anyone in Nigeria
– Add money to your account
– Send money to any bank account for FREE
– Apply for a loan without collateral and receive it instantly
– Pay your online bills,
– Enjoy discounted airtime and bill payments
– Earn daily interest when you use FairSave, and get free withdrawals
This is only just scratching the surface of what we are building for you. Be it easy loans in Nigeria or quick bill payments or hassle free bank transfers, our app provides it all. So, sign-up to be the first to know when we launch new features tailored to meet your needs. To sign-up, download the FairMoney app now.
Also, please feel free to share any suggestions or enquiries with us (our contact details are below). We would love to hear from you.
Mail ID: [email protected]
Contact number: 017001276 / 01 888 5577