Fairmoney Loan Apps lets you get instant loans without any paperwork.
It is a personal loan app that offers customers a line of credit, which works in the form of an instant loan or credit card.
You can use your phone or laptop for your loan eligibility. Fairmoney is a digital bank provides online personal loans up to ₦500,000.
This is a very popular app that provides instant loan in your bank account. You can apply for a personal loan anytime, anywhere.
You can download this app from Google play store.
Fairmoney offers instant collateral-free loans.
- FairMoney Loan Requirements
- How to Apply for a FairMoney Loan
- Fairmonet Loan App FAQ
- What is FairMoney?
- I have a complaint or feedback; how do I contact you?
- Where is FairMoney located?
- How can I get an instant loan?
- How much can I borrow and for how long?
- What makes FairMoney different from other lenders?
- Do I need documents or a collateral?
- Why was my loan application rejected?
- How can I repay?
- How do I check my account balance and payment date?
- Can I get another loan immediately?
- How does auto-debit work?
- How do I pay via card?
- What happens if I don't pay back?
- Can I extend my loan duration?
- Can I trust FairMoney with my identity and bank account details?
- Why do you request permissions on my phone when installing the FairMoney app?
- What happens if I lose my phone?
FairMoney Loan Requirements
There are no requirements for FairMoney loans, just register in the app and your loan will be processed. This can be done without rigorous procedures such as documents and assets.
How to Apply for a FairMoney Loan
Follow the steps below to get a loan from FairMoney
- Download the Android application from the Google Play Store.
- Register or login with your phone number or Facebook profile.
- Create a profile whether you are a new user or apply for a loan as an old user.
- Get paid to your bank account in minutes.
Fairmonet Loan App FAQ
What is FairMoney?
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.
I have a complaint or feedback; how do I contact you?
Please send an email to [email protected] 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.
How can I repay?
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.
How do I pay via card?
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 [email protected] 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