How To Apply For A FairMoney Loan In 2024

How To Apply For A FairMoney Loan In 2024.

When it comes to getting fast loans without collateral within minutes, FairMoney is one of it’s kind in that aspect.

With FairMoney, all you need to get quick loan is little information about yourself, BVN, Phone Number, and Address.

How To Apply For A FairMoney Loan In 2022

Do you want to apply for a fairmoney loan? If yes, then keep reading this post as i will be sharing with you a detailed guide and processes on how to easily get a loan from one of the most famous loan platforms in Nigeria.

FairMoney Review: All You Need To Know About FairMoney Loan App

FairMoney is a popular loan app which help its users with loans ranging from 10,000 to 100k. The loan app was founder in 2018 and has so far give out over 20 Million Naira to Nigerians who needs loan.

The loan app is trusted, secured and reliable in terms of providing loans to users.  Without any form of collateral, FairMoney can give out more than five hundred thousand Naira in just 5 minutes with the help of modern technology.

FairMoney Loan Requirements

To get Loans from FairMoney, there are certain requirements needed which includes, your date of birth, BVN Number, Phone Number, Email address, and account number where the money will be sent after approval.

How To Apply For A FairMoney Loan

After getting the requirement to obtain the loan, the next step is to register and apply for the loan. below are steps to apply for the FairMoney Loan.

1. Go to playstore and download the official FairMoney Loan App

2. Install the app on you device and click the Register icon to start the process of getting the Loans

3. After the registration, on the FairMoney dashboard, locate the Get Loan button

4. Select the amount you need

5. Choose the repayment date and hit GET LOAN

6. Your loan will be disburse directly to the provided account number

How Much Can I Borrow From FairMoney?

On FairMoney, you can borrow funds ranging from 10k to 1 Million Naira.

Is FairMoney Loan Legit?

Yes of course, The Loan app is legit and confirmed to give out loans.

Is my bvn safe with FairMoney?

BVN are always save with FairMoney because they are registered and licensed by the CBN.

Is FairMoney a loan shark?

No, FairMoney is not a loan shark.

How much can i borrow from FairMoney for the first time?

For the first time on FairMoney, you can borrow N5000 to N20,000 depending on the exact time you applied for the loan.

What is the highest loan on FairMoney?

The highest loan you can get from FairMoney is 5 Million Naira.

Which bank owns FairMoney?

FairMoney is own and operated by FairMoney Microfinance Bank.

How do I contact FairMoney agent?

You can contact FairMoney agent using this number 017001276/ 018885577

What happens if you don’t pay FairMoney?

If you Fail to pay back the loan you borrowed from FairMoney, your account and BVN will be reported to the Central Bank Of Nigeria, so make sure you pay back early to have access to more and higher Loans.

Can loan app block my BVN?

No, they can’t block your BVN, you BVN can also be reported for failing to pay back the funds.

How old is FairMoney?

FairMoney is 4 years old now

What happens if online loan is not paid in Nigeria?

Your account and BVN will be blocked from getting any loan.

Is FairMoney trusted?

Yes, they are trusted and relaible.

Which app gives loan without documents?

FairMoney, Easemoni, Kuda Bank, PalmPay, Okash, Lcredit and Carbon Loan App.

How do I pay back FairMoney?

To pay back, login to your account and click on Loan repayment. That’s all, you have successfully payed back the money you borrowed.

How do I transfer money from FairMoney to bank account?

On the FairMoney App Dashboard, tap on the Transfer Icon, select the bank you will be transferring the money to, insert the account number and click on send.

Does FairMoney have ATM card?

No, FairMoney don’t have ATM Cards.

Who Owns fair money in Nigeria?

FairMoney Microfinance Bank which is licensed by the CBN.

How many countries is FairMoney available?

Available in 4 countries.

Who founded FairMoney?

Laurin Hainy is the CEO and Co-founder Of FairMoney.

What percentage does FairMoney charge?

They charge around 10% to 15% monthly.

How many customers does FairMoney have?

Over 30 Customers.


FairMoney is currently among the best platforms where Nigerian, individuals and business owners can get loan. The loan app is simple, easy and Mobile friendly. You can get any type of Loan from FairMoney.

Just follow the steps above and boom, your loans will be disbursed within 2 Minutes. They are legit and reliable too.

Also Read: Is Easemoni Legit? Find Out

Source: LegitGuides


Leave a Reply

Back to top button