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App Of The Week: Fairmoney

Fairmoney offers a safe way to acquire loans without collateral, extensive documentation and unnecessary office trips that usually make the borrowing process stressful for users. Since the app was launched in March 2018, it has been helping individuals and startups gain access to the finance they need to facilitate their ideas and projects.


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In order to upgrade customer experience, Fairmoney has extended its services from just disbursing loans to also providing other kinds of financial services to users. 

Meet The App

In order to get loans on the Fairmoney app, you first have to download it from the Google Play store. Next, you sign up or log in with your phone number or Facebook profile. You’ll then be prompted to create your profile (for new users) and/or submit an application. After answering a series of questions and sharing financial information, the startup accesses you based on the information you’ve provided, your geolocation, other apps installed on your device and other factors. It gives you answers within minutes stating whether you meet the requirements for a loan and sends money to your bank account if you’ve been approved. 

Customer can get Instant loans of up to ₦150,000 without collateral or paperwork and 3 – month Installment loans. As long as you have a positive loan history performance, you will be able to enjoy flexible interest rates. Eventually, you’re able to borrow as much as $415. Also, repayment periods range between 61 to 180 days allowing you to pay back in installments.


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Getting The App

Fairmoney is available on the Google Play store at a downloadable size of 5.0 MB. It has a 4.3-star-rating and has been downloaded multiple times. It also requires Android versions from 4.3 and above. 

Click the link below to download the app:

Playstore

Featured Image Source: Google Play


Got something you want to read about on our platform? Contact us: editor@connectnigeria.com

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Samuel Okoruwa

My name is Samuel Okoruwa. I am an ardent researcher, reading is life and writing is fun.

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