FairMoney – Loan details
Mobile app loans up to ₦1,500,000 disbursed in 2 minutes with interest from 10% monthly.
Loan amount
₦2K – ₦1.5M
Interest from
10.00%
Term
1 – 3 months
Approval
2 minutes
Pros
- ✓ CBN licensed microfinance bank
- ✓ Funds in 5 minutes for eligible users
- ✓ Loans up to ₦3,000,000
- ✓ Also offers savings accounts
- ✓ Millions of active users
Cons
- ✗ Starting interest rate from 10% per month
- ✗ New users start with very low limits
- ✗ Rates vary significantly by credit profile
Requirements
- Valid BVN
- Active Nigerian bank account
- Valid government-issued ID
- Smartphone with FairMoney app
- Nigerian phone number
- Minimum age 18 years
Company information
FairMoney
Lagos, Nigeria
https://fairmoney.ng
This document is for informational purposes only. Always verify current terms and conditions directly with the lender before signing any agreement. CoolFinance.com.ng is an independent comparison portal operated by double technology s.r.o., Czech Republic.