FairMoney understands that managing finances on a day to day can be challenging. This is why we have created a smooth process which facilitates access to credit via your mobile phone anytime, anywhere for all your needs.

Sign up in minutes, apply and build your loan limit for any financial need with funds directly sent to your bank account via the FairMoney loan app.

It’s fast, secure and reliable.

If you have any Inquiries? Complaints? Questions? Kindly send an email to help@fairmoney.ng and we will get back to you in a few minutes!


WHY FairMoney?

Fairmoney lets you remain in control of your finances, apply for credit on the go 24/7.

✓ Apply for up to ₦150,000. No paperwork, collateral or documents needed.
✓ We provide a credit decision in seconds!
✓ Use the money how you want and achieve your goals.
✓ Spread repayments in multiple instalments for more flexibility and ease.
✓ Get rewards such as access to higher amounts of money, discounts or flexible interest rates when repayments are made on time.


HOW TO APPLY

✓ Sign up
✓ Answer a few questions and receive a credit decision in seconds. We encrypt the data you choose to share with us to protect your privacy.
✓ Money disbursed directly to the bank account you provide us.
✓ If you're not eligible, please try again in a few weeks.




RATES AND FEES

On FairMoney anyone can access between ₦1,500 to ₦150,000 in loan amount. Our repayment periods range between 4 - 24 weeks allowing you to pay back in installments. Monthly interest rates range from 2% - 28%. There are no additional fees for processing your loan or hidden costs associated.



REPRESENTATIVE EXAMPLE

Borrow NGN100,000 over 3 months
Interest rate: 57% p.a. (fixed)
Three repayments of NGN 39,666.67
Total amount payable: NGN145,000
Representative: 58% APR

MINIMUM AND MAXIMUM PERIOD FOR REPAYMENT

You can select how long you want your loan for, we do not impose this on you. How ever depending on your loan duration, you are allowed up to 95 days for full repayment (one off or in instalments).

MAXIMUM ANNUAL PERCENTAGE RATE (APR)
Depending on the duration of a FairMoney loan, our annual percentage rate (APR) on a loan can get up to 57%.


Kindly note that small loans are extremely helpful for emergency situations but can be rather expensive if compared with other types of loans and should be used with care and not for a long-term need.You can find more information on our Frequently Asked Questions (FAQs) section on www.fairmoney.ng