Borrow Money Online With FairMoney Without Collateral
FairMoney, an online loan company, began in Nigeria a little over a year ago, in March 2018. With over 1500 loans disbursed daily, the organization has assisted thousands of people and small companies in achieving their goals and, more crucially, getting access to vital money made accessible by technology.
Customers may get immediate loans on FairMoney without putting up any collateral, filling out lengthy paperwork, or visiting an office, all of which might make borrowing money uncomfortable.
As it enters the next phase of expansion, FairMoney is taking client experience to the next level and has introduced an improved Android app to reflect this.
The new FairMoney app is easier to use and matches the new FairMoney brand, which represents the objective of delivering financial services to all Nigerians.
According to Joy Uzuegbu, FairMoney's Head of Growth and Marketing, the short-term loan provider has enhanced its procedures and overall client experience.
Obtaining a loan on FairMoney is simple and very very easy, as detailed in the following steps:
Google Play Store is where you can get the Android app.
Use your phone number or Facebook profile to sign up or log in.
Create a profile (for new users) and/or apply.
Money will be deposited into your bank account within minutes.
Customers can borrow up to one million and take out three-month installment loans. Customers with a good lending history will be able to take advantage of adjustable interest rates.
While borrowing has a love-hate relationship in Nigerian society, the use cases for a product like FairMoney are numerous. FairMoney's loan product serves a wide range of demands, from personal necessities like paying bills, shopping, and family responsibilities to business loans for beginning that side hustle or creating a credit profile.
What does Fair Banking for all mean? It means ANYONE should have access to fair treatment from their bank; no service offering should be beyond reach or reserved for “VIP”.
At FairMoney MFB, all our customers are treated equally, because we believe that it shouldn’t matter who you are, how much you have in your bank account, or how tech-savvy you are.
With #FairMoneyMicrofinanceBank you can enjoy:
1. Free Debit card
2. Quick loans of up to N1,000,000 in 5 minutes
3. Zero transaction fee on Cable and internet subscription
Fairmoney is a platform that offers financial services to users. The platform provides its customers with easy access to loans, investments, and insurance products. These services are made available through the fairmoney app.
FairMoney is building the leading mobile bank for emerging markets.
FairMoney is a type of online bank. That makes it simple to apply for a loan and receive your funds in minutes, 24 hours a day, 7 days a week.
How do I contact FairMoney when I have a Complain or Feedback?
Please send an email to help@fairmoney.ng or reach out through FairMoney social media platforms. PHONE: 01 7001276 / 01 8885577
Where is FairMoney located?
ADDRESS
FairMoney office is located in Lagos, Nigeria.
28 Pade Odanye close, off Adeniyi Jones, Ikeja, Lagos, Nigeria (No money in the office, everything is digital)
EMAIL
Customer service: help@fairmoney.ng
PHONE
01 7001276 / 01 8885577
Which Bank Owns FairMoney?
FairMoney, the rapid lending app, has expanded its service to include investment products and is now registered and regulated by the Central Bank of Nigeria (CBN) as FairMoney Microfinance Bank (FairMoney).
Does FairMoney ask for BVN?
Yes, FairMoney does ask for BVN. Please note your BVN, and ATM card details are an essential requirement during your loan application on the FairMoney app. Without this, your loan cannot be processed.
What is FairMoney interest rate?
FairMoney interest rate: Monthly interest rates range from 10% to 28% EIR (Effective Interest Rate per month) and APR ranges from 120% to 260%.) When you apply for a loan, FairMoney then uses traditional bank transfers to credit the money — bank transfers occur within a few minutes in Nigeria
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
Can I extend my loan duration with FairMoney?
Yes, you can extend your loan duration with FairMoney! Please go to "Manage loan" in the app to see extension offers (if any)
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