FairMoney Loan App Review: N1m fast loan without documentation, collateral?

FairMoney is a licensed online lender, that provides quick instant loans up to N1,000,000 and for a duration of 18 months to its customers and clients. With this app, you can enjoy flexible interest with early repayment because their interest is not fixed. You can pay the lowest interest in the country with early and on-time repayment.

In Nigeria today, FairMoney is one of the best and legit loan apps being used by Nigerians to access instant loans without collateral. Fairmoney’s CEO, Laurin Hainy, made it clear that the app aims to provide a platform that ordinary citizens can use to fund their dreams and businesses to go up the ladder. The platform says it has given online loans to over 3 million customers in the last four years, .

The app uses artificial intelligence to analyse your bank records and validate your BVN to make lending decisions based on your credit score. The loan is 100% online, with no collateral required and you can apply at any time, any day of the week. In terms of design, the app is made to be easy for every user. The dashboard is simple and straightforward and navigating through the app is quite simple too. Application for loan and repayment can be done through simple quick steps.

FairMoney offers loans between N1,500 to N500,000 with repayment periods from 61 days to 180 days at monthly interest rates that range from 10% to 30%.

FairMoney app is, no doubt, one of the most used by Nigerians as it has been downloaded 5 million times and still counting. But among these millions of downloads are customers who have had to download and later uninstall the app from their phones out of frustration or disappointments experienced with the app.

FairMoney: N1m quick online loan with no documents or collateral

Loan amounts range between ₦1,500 to ₦1,000,000 and a monthly interest rates that range from 2.5% to 30% (APRs from 30% to 260%).

The quick online loan company gives flexible and longer repayment plans ranging between 61 days and 18 months. This is however dependent on your credit score and repayment history.

According to FairMoney, you can get a loan disbursement under 5 minutes if you are eligible. No collateral or paperwork is necessary with the online loan company.

Hear them: “Time is valuable to us, so we’re not wasting yours. It doesn’t take more than 5 minutes to get a loan on FairMoney. We don’t need any paperwork or collateral.”

The following are key features of this lending platform.

• Speed of delivery – You can get a loan instantly in 5 Minutes, from anywhere in Nigeria
• You can get up to N1,000,000 loan in 18 months repayment period.
• Flexibility – You can repay on or before your due date with a reduced interest rate
• No hidden charges – FairMoney interest charges are all-inclusive, ensuring transparency.
• The customer is King – The loan company has a trained team that ensures to treat you with the utmost respect at all times

HOW CAN I APPLY FOR FAIRMONEY QUICK ONLINE LOAN

You need an Android phone. Download the FairMoney app here from the Google Play Store.

Then 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 FROM FAIRMAONEY?
You can borrow up to ₦1,000,000 via FairMoney app, for a duration of up to 18 months!

CAN I ACCESS FAIRMONEY QUICK ONLINE LOAN ANYWHERE IN NIGERIA?
Yes, you can use FairMoney via FairMoney app from anywhere.

Just download the FairMoney mobile app and get up to ₦1,000,000 loan sent straight into your bank account within minutes. No paperwork. No collateral.

WHAT DOCUMENTS DO I REQUIRE TO APPLY FOR FAIRMONEY LOAN?

You dont need any document to apply for FairMoney. Equally you don’t require a collateral!
You will only need to share your BVN during the loan application and connect your ATM card to authorize us to debit your account for the repayment.

CONTACT OF FAIRMONEY

You can reach their helpdesk by sending an email to help@fairmoney.ng

REVIEWS, AND FEEDBACK OF FAIRMONEY LENDING APP

Ifeanyi Osaro
25 September 2021
I really love this app it only takes some few minutes to register and check your credit score , disbursement is very fast . But I have been trying to request for another for the past 3 weeks it keeps denying my request even after paying my loan before the due date two times. It’s really annoying. Work on it please.

Esther Okafor
27 September 2021
Seriously, i love this app but right now am having issues with it. I have gone a long way with it and have paid my loans on time but my problem is that i applied for a loan on Saturday and they just attended to me as a beginner. The offer was so poor that am still confused up till now. I really want to know what my offense is. I need this loan for today for my business.

lawrence ben
16 September 2021
The app is simply amazing. Excellent response and request granted. Fairmoney is the best loan app I have ever used. I can attest to it. They are fair just as their name and considerate. If you can’t meet up with your monthly repayment, there is provision to extend it with a little fees. Trust me they are the best. I’ve gotten about 300k from them. Try them you will not regret your actions. FAST MONEY are criminals, rude and inconsiderate. Don’t try FAST MONEY OOOH!

St Solomons Agbaji
24 September 2021
I had to edit my rating. My loan amount was automatically paid without me initiating it. This was just 3 days after the disbursement, and the full interest was also deducted. This happened as soon as I paid some money into my wallet.. I was so disappointed in many ways especially for the amount involved (just NGN 15,000). Please tell me it’s an error.. because that would just be the best explanation for this. Sorry I had to come and say these here…My email hasn’t been responded to yet

Yusuf Isyaku
28 September 2021
I really appreciate the experience for the pounder of this app, but in the bill payment their is no electricity, so that update is needed! And also i had from yours agent said.. if you sign up as new customer, you are eligible to get a loan from 100,000 up to 500,000 but i filled all the instructions, at the end said am not eligible to get loan! I against that ok! It means you deceived customer!