FairMoney Reviews – FairMoney is an online loan app from Nigeria that provides its customers with a simple and easy method to lend money. The company launched FairMoney Loan in March 2018. The lending platform on the internet has now been credited with providing more than 15,000 loans per day to Nigerians.
Prior to its introduction, FairMoney has been able to assist hundreds of Nigerians and Nigerian companies move closer to their goals by giving them the financing they need to support their business.
FairMoney reviews – reviews show that FairMoney has helped small and individual businesses to prosper despite the circumstances.
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How to Apply for a FairMoney Loan
Do you want to apply for FairMoney? Follow these steps to receive an installment loan from FairMoney instantly within 1 minute.
The process of getting a loan through FairMoney is simple and, is, of course, a simple process that can be completed by anyone. Here are some steps to follow when looking to obtain a loan.
- Download the Android application from the Google Play Store.
- Log-in or sign up using your phone number or Facebook account.
- Create a profile for yourself as a brand new user, or request the loan as an existing user.
- Receive money credited to your bank account in just a few minutes.
FairMoney reviews – They consider the customer experience and their satisfaction as its top goal. In this regard, they’ve launched a brand new application that is perfect for this. The app is simple to use and reliable, while also announcing its next stage of growth as the simplest method to obtain a loan in Nigeria.
FairMoney Reviews – Everything about FairMoney Loans
FairMoney Loan
This loan platform offers customers a unique method to get loans in Nigeria and does it without the need for collateral. Through FairMoney Loan, you can receive a loan in an instant that can be as high as N500, 000 without the need for documentation or even collateral. The process can be completed within five minutes or less.
FairMoney Loan App
The app allows you to gain access to crucial financial information using the power of technology. Its quick reliable, safe, and, most importantly absolutely completely free!
It’s an Android mobile banking application that allows borrowing money and paying bills extremely quickly and simply.
FairMoney Loan Review
A loan application can be an intimidating process with all the prerequisites and time required for processing. FairMoney helps make the process simple. They are a quick and reliable choice each time.
Pros
- The loan is approved in a matter of minutes
- There is no need for collateral or a guarantor.
Cons
There is no reason why you shouldn’t choose to make use of FairMoney. We will update this section in the event we make any changes.
FairMoney Reviews – Frequently Asked Question
How much can I borrow from FairMoney and for how long?
You can get the FairMoney Loan in the range from N1, 500 to N500,000 and lengths of loans that are up to 60 days or more. The interest rate for a month is around 10%-30 per month. The loan process does not have any additional charges or hidden charges when you process your loan.
What are FairMoney Loan Conditions?
There is no requirement to apply for FairMoney loan. Sign up using the application and your loan will be approved. This happens without strict due process like collateral and documentation.
What happens if you fail to pay FairMoney?
FairMoney offer a small penalty for late payments (calculated by a percentage of the balance due following when the deadline is). The fee will only be charged when you fail to repay your loan on time. The fee can range from 0.2 percent to 0.8 percent per day.
Should I have confidence in FairMoney to protect my BVN?
Yes, FairMoney is a French-Nigerian business that is certified to meet European standards for data security. They will not give your BVN data to any third party.
Is FairMoney licensed with CBN?
Yes, FairMoney is licensed with CBN; Four years after offering credit via a loan application, FairMoney has evolved into a bank that is digital following the granting of its Microfinance Bank (MFB) license from the Central Bank of Nigeria (CBN).
Who is the Founder of FairMoney?
Laurin Hainy, The founders of FairMoney, is Laurin Hainy (CEO), Nicolas Berthozat (COO), and Matthieu Gendreau (CTO), They founder knew this market well and decided to begin by helping millions of people in need whose access to credit could transform their lives.
How can I get rid of my FairMoney account?
Users may express their intention to remove the account information from FairMoney accounts by writing an email at help@fairmoney.in, if the user has taken out a loan or availed it by one of our lenders then the information on their account is not able to be removed.
What is the maximum amount I can get through FairMoney for a start?
FairMoney provides loans ranging that range from N1, 500 up to N150, 000 for three months or more. You can get greater loan amounts and longer repayment terms when you pay back your loan on time, or pay the loan through the application.
Is Investment possible in FairMoney?
Yes, FairMoney is the fast loan application that has transformed to FairMoney MicroFinance Bank, is expanding its services to its customers, including investments that can offer customers the opportunity to earn 21% annually on their investments that allow investors to increase their wealth.
Conclusion – FairMoney Reviews
The process of getting a loan through FairMoney is simple and, is, of course, a simple process that can be completed by anyone. FairMoney reviews – reviews show that FairMoney has helped small and individual businesses to prosper despite the circumstances.