How To
How to apply for Quick Fairmoney Loan in Nigeria 2022
Fairmoney Loan in Nigeria is not the only one you can get if you need an urgent loan. There’s a proliferation of loan organizations already country-wide that provide one quick loan in minutes. These loan companies have loan apps and I am not saying Fairmoney is the best loan app in Nigeria.
However, of all the loan apps in Nigeria, it is fair to say Fairmoney is one that cannot be quickly dismissed by a wave of hand.
Wondering how to apply for Fairmoney loan in Nigeria? All the details are below:
How to apply for Fairmoney loan in Nigeria
First, let’s see how the Fairmoney loan app works:
Fairmoney is an open-end credit plan offered by the Lender and by accepting, an account is set up with the FairMoney app and the borrower agrees that he or she has read the terms and conditions of the loan application.
FairMoney Loan
This online news platform provides you with a different way of getting a loan in Nigeria and it does this with no collateral. With FairMoney Loan, you can get an instant loan of up to as much as ₦500,000 without needing any paperwork or even collateral. This loan in minutes is usually done five minutes or lesser.
FairMoney Loan App
The app helps you gain access to critical finance via the power of modern technology. It is fast, reliable, secure, and most of all, free!
It’s an android mobile banking app that makes getting loans and paying bills very fast and easy.
How Much Can I Borrow from FairMoney and for How Long?
You can access a FairMoney Loan in the range of ₦1,500 to ₦500,000 with durations for loans up to 60 days and above. The monthly interest is also about 10%-30% monthly. The process does not incur any additional fees or hidden costs when processing your loan.
FairMoney Loan Requirements
There are no requirements for getting a FairMoney loan. Simply sign up on the app and your loan will be processed. This is done without the rigorous due processing like documentation and collateral.
Get a loan up to N100,000 at the best affordable rates in Nigeria
Making an informed loan decision requires comparing different loan offers before making a commitment. Through loanspot simulator, you can see at a glance, loan offers coming from different lenders in less than 5 minutes, so you can make the right decision regarding your financing.
How to Apply for a FairMoney Loan
Follow the steps below to get a loan from FairMoney
- Download the Android application from Google Play Store.
- Sign up or log in with your phone number or Facebook profile.
- Create a profile of you’re a new user or apply for a loan as an old user.
- Get credited with money in your bank account within a matter of minutes.
FairMoney takes customer experience and satisfaction as a major priority. To this effect, they have launched a new app that does this perfectly. The app is easy to use and reliable, announcing their next phase of growth as the easiest way to get a loan in Nigeria.
Getting a loan on FairMoney is easy and of course, a very straightforward process that can be done by anyone at all. Here are the few steps to follow when you’re trying to get a loan.
These steps can’t be wrong. It optimizes FairMoney to make their services accessible to every Nigerian.
FairMoney Loan Review
Getting a loan can be a rigorous process, with all the requirements and time taken for processing it. FairMoney makes all of that easy. This makes them a fast and reliable option to use every time.
Pros
- Loan is approved within minutes
- No collateral or guarantor needed
Cons
The process of getting BVN verified can be arduous which is what Fairmoney loan company should consider optimizing.