FairMoney: Quick Online Loan Apps Without Collateral 2021
FairMoney is a quick online and instant loan app and a leading digital bank in Nigeria.
In the last four years, over 3 million customers have patronised FairMoney for quick online loans.
Loan amounts range between ₦1,500 to ₦1,000,000 with repayment periods from 61 days to 18 months at monthly interest rates that range from 2.5% to 30% (APRs from 30% to 260%)
Quick Loan characteristics
Loan amount from ₦1,500 to ₦1,000,000
Repayment periods from 61 days to 18 months
APR from 30% to 260% per annum
Interest discounts of up to 90% for early repayments
No hidden fees
An example of a FairMoney loan
Borrow ₦100,000 over 3 months
Interest (total cost of the loan): ₦30,000 (30% rate)
Three monthly repayments: ₦43,333
Total amount payable: ₦130,000
Representative: 120% APR
Now, the FairMoney app is more than just a loan app. The platform owns a Microfinance bank that is duly licensed by the Central Bank of Nigeria. As such, all your deposits are insured with the Nigeria Deposit Insurance Corporation (NDIC).
With the FairMoney app, you can:
– Get an account number and use it to receive money from anyone in Nigeria
– Add money to your account
– Send money to any bank account for FREE
– Apply for loan and receive it instantly
– Pay your bills
You can download the FairMoney app on Google Play Store by clicking here
Email to email@example.com or firstname.lastname@example.org.
obalowu yunus obalowuyunus
4 October 2021
I like the way you created your app it’s very very simple to used, put more effort, God bless your company, fair money app. But the loan you are over us is too small am telling you, I have a lots things to do, but#5000, can not do anything on my business, if you can over me like #200, 000 to #3000, 000, I will be glad and I promise you to not disappointed you, thanks for listening, good buy for now
3 October 2021
I requested for a loan but it wasn’t granted. I’ve been trying for weeks now, i do not know what the issue is. After filling my card details and clicking on the connect card area it won’t connect, I’ll also see something like ‘paystack error’. Please help me, i need a loan urgently.
19 September 2021
The app is very good, trustworthy and reliable. The application is easy, payment is easy. But my experience since last month is really bad. I paid up my loan last month even within two weeks before payment date, since then I was denied a loan and anytime I log in they always bring that I own 12800. Which I have already paid since August 17. Please help me work on it, I have sent several messages to your email but nothing change. Please I don’t like how am seen the message.
24 September 2021
It is tested and trusted . It paid me out twice when I needed cash and I instantly I was given to me. My challenge is the interest rate . It too high. At least they should have made it 2 per cent of the money borrowed by a client, instead is 3perent of the loan given to client. Something should be done quickly especially considering existing customer’s on this platform. I personally am already going for something new. Thanks.
BECOME QUICK LOAN ARENA BUSINESS PARTNER
Register to become our business partner and enjoy our free advisory and consultancy services on getting a quick loan from our list of accredited lending partners and also guide on the process of loan application.
Disclaimer: Quick Loan Arena is not a loan agency and we do not give out loan to anybody. We however provide quick loan brokerage services and seeks to educate individuals and small businesses about instant loan opportunities to help them make informed decisions.
Speak with any of our Quick Loan Consultants for more information! Call or Whatsapp +234 (0)803 385 7245.
Do remember to give us a feedback about your quick loan experience after the lending process is executed.