**Note: This Article contains affiliate links.
Are you looking for short term loans in Nigeria? If yes, then you should read our guide on how to get a quick loan.
In Nigeria, FairMoney is known for their quick service, low fees, and competitive rates. They are widely accepted by individuals and businesses across the country.
Fairmoney is licensed by the Central bank of Nigeria (CBN) and all deposits made through the app are insured via the NDIC (Nigeria Deposit Insurance Corporation).
How much does FairMoney Loan App cost? 🤔, Absolutely Nothing! Is it worth the effort? Yes! FairMoney is a digital bank that gives instant loans, no collateral needed. Get loans up to 1,000,000 naira, a bank account with free transfers, a debit card for spending, and more.
The FairMoney Loan App offers an easy and stress-free way of lending money. FairMoney was launched in early March 2018 with lots of features. They now offer loans at competitive rates and provide customers with an easy way to pay back their loans.
You can get a instant loan between 1,500 naira to 1,000,000 naira.
1. Apply for a loan online at FairMoney.
The best way to apply for a fast loan is online. You can complete the application using the mobile App. If you have any questions about applying for a loan, they’ll be able to help you right away.
To access loans on the FairMoney app: Install the FairMoney app from the Play Store; Login with your phone number or social network account; Create your profile (if needed); Submit loan requests.
Once you’ve completed the application, make sure to answer the questions truthfully. This helps them determine whether or not you qualify for the loan.
2. Get pre-approved for a loan.
If you do qualify, then you should receive approval within 2 minutes. This means that you won’t have to wait long before receiving the loan. Once you’re approved. And you have accepted the loan offer. You can transfer the money 💰 to your account in less than 3 minutes.
3. Pay back your loan.
Once you’ve received the loan, you need to pay back the amount that you borrowed. Make sure to set up automatic payments so that you don’t forget to repay your loan. Be aware that if you fail to make payments, you may end up with severe penalties.
