Fairmoney loan app review (Is Fairmoney loan app legit or scam?)

Fairmoney loan app review (Is Fairmoney loan app legit or scam?)

Fairmoney loan app review (Is Fairmoney loan app legit or scam?)

Read all about Fairmoney loan app in this Fairmoney loan app review.

There are times in life when we urgently need money to solve a pressing issue, and maybe we can’t quite seem to get it from friends or family. The next best option is to get a loan.

Taking loans from commercial banks is a very stressful process, the paperwork and also the fact that you will need a collateral just puts off most people.

In the past few years, there has been an increase in the number of apps & platforms that offer small loans to students, entrepreneurs and business owners.

Fairmoney loan app is a licensed online lender, that provides instant loans and bill payments. You can get loans from 1,500 naira to up to 1 million naira on Fairmoney.

Once you download the fairmoney app and sign up, you can get a loan on fairmoney in just 5 minutes without any paperwork or collateral.

In this Fairmoney loan app review, I am going to be writing about all you will need to know about fairmoney under the following sub-topics “Is Fairmoney loan app legit?”, “Is Fairmoney loan app scam?”, “Fairmoney loan app repayment”, “How to get a loan on Fairmoney”, “Fairmoney loan app customer support”, “Fairmoney loan app interest rates” and more.

Remember to leave us a comment after you finish reading and also share with your friends on social media.

Let’s get into it then…

Read my Lcredit loan app review

What is Fairmoney?

Fairmoney loan app is a licensed online lender, that provides instant loans and bill payments. You can get loans from 1,500 naira to up to 1 million naira on Fairmoney.

Once you download the fairmoney app and sign up, you can get a loan on fairmoney in just 5 minutes without any paperwork or collateral.

To get started, you can visit the website https://fairmoney.ng and download the app, which is only currently available to android users.

You can enjoy up to 18 months’ installment repayment on fairmoney, depending on your credit score & history.

How to get a loan on fairmoney?

To get started, you will need an android phone to download the fairmoney app. The next step is to sign up with the phone number linked to your BVN (bank verification number).

You will have to answer a few questions and confirm your identity before you can receive a loan offer. If you accept it, you will receive your loan instantly in your bank account.

Fairmoney loan app requirements

To get a loan on fairmoney, you don’t need any paperwork or collateral. All you have to do is provide the required details, and you will be well on your way to receiving a loan.

Fairmoney loan app interest rate

The fairmoney interest rate varies based on your profile. It is usually from 2.5% to 30% per month (APR – 30 to 260%).

Fairmoney loan repayment

To repay your loan:

Click on the “Repay” button on the app to pay with a debit (ATM) card, USSD or automatic bank transfer (via your providus wallet).

  1. Click on “loan details” on the home screen.
  2. Click on “pay”
  3. Select “Full loan amount” to pay your loan in full or select “Enter amount” to manually enter the amount you will like to pay
  4. Click on “NEXT”

You can pay using bank transfer, USSD transfer and debit (ATM) card.

Fairmoney loan app customer support

If you want to get in touch with the fairmoney customer support, you can do that by shooting them an email at help@fairmoney.ng

Is Fairmoney loan app legit?

Fairmoney loan app is legit. Reading reviews online, you can get a loan of up to 1,000,000 naira easily in just a few minutes without the need for many paperwork or collateral.

The few complaints I have seen about Fairmoney loan app is a little bit about their interest rate, but other than that, it looks a good option to get a loan.

Don’t just take my word for it, make sure you do your own research about Fairmoney before taking a loan.

You can leave your reviews in the comment section below.

Read my Aella loan credit app review

Frequently asked questions (FAQs)

Why was my loan application rejected?

Not enough information found on the phone: You should increase your phone usage (Calls/SMS) to be eligible.

They 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.

Why can’t I connect my card?

Ask your bank to enable your card for online transactions. You should be able to receive an OTP (One-Time Password) on your phone.

Is Fairmoney loan app legit?

Fairmoney loan app is legit. Reading reviews online, you can get a loan of up to 1,000,000 naira easily in just a few minutes without the need for many paperwork or collateral.

The few complaints I have seen about Fairmoney loan app is a little bit about their interest rate, but other than that, it looks a good option to get a loan.

Don’t just take my word for it, make sure you do your own research about Fairmoney before taking a loan.

Conclusion

Thank you for reading my Fairmoney loan app review. If you have any question or comment, you can leave it in the comment section below.

Remember to share with your friends on social media and also subscribe to this blog for more updates straight to your inbox.

Thank you once again for reading.

 

 

 

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