FairMoney – loan application
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FairMoney – repayment table
Estimated monthly repayments at 10.00% monthly interest. Actual terms confirmed upon approval.
| Amount \ Term | 1 months | 3 months |
|---|---|---|
| ₦500,000 | ₦550,000 | ₦216,667 |
| ₦1,000,000 | ₦1,100,000 | ₦433,333 |
| ₦1,500,000 | ₦1,650,000 | ₦650,000 |
Representative example
Loan amount
₦250,750
Repayment term
3 months
Monthly interest
10.00%
Monthly repayment
₦108,658
Total interest costs
₦75,225
Total amount payable
₦325,975
* Example is for illustration only. Actual terms are confirmed upon loan approval.
Quick overview
Loan amount
₦2K – ₦1.5M
Term
1 – 3 months
Interest from
10.00%
Approval
2 minutes
Age
18+ years
Online application
Yes
Requirements
- ✓ Valid BVN
- ✓ Active Nigerian bank account
- ✓ Valid government-issued ID
- ✓ Smartphone with FairMoney app
- ✓ Nigerian phone number
- ✓ Minimum age 18 years
Loan features
- Personal loans from ₦1,500 to ₦3,000,000
- Terms 2 to 18 months
- Interest from 10% per month
- Savings account included
- 5-minute disbursement
- CBN licensed MFB
Ready to apply?
Go to official FairMoney website ad