FairMoney

FairMoney is much more than a loan app: you can also pay for cable TV, buy airtime and mobile data bundles with NO transaction fees!

💸 Loan characteristics:

Loan amount from ₦1,500 to ₦500,000
Repayment periods from 61 days to 180 days
APR from 120% to 360% per annum
Monthly interest rates range from 10% to 30%

We are giving up to 1% daily discounts to reward our clients for early re-payments and charge up to 1.5% daily late fees for late payments.

There are no additional fees for processing your loan or any hidden costs associated.

🌟 What is FairMoney?

FairMoney is a fast, secure, reliable and free Android mobile finance app, available in Nigeria. We make getting loans and paying bills fast and easy. You can also earn bonus cash when you invite your friends.

📋 An example of a FairMoney loan

Borrow NGN100,000 over 3 months
Interest (total cost of the loan): NGN30,000 (30% rate)
Representative APR: 120%

Total amount to repay will be NGN130,000
Three monthly repayments of NGN 43,333

You can repay your loan via bank transfer with your unique Providus Bank account number, USSD or debit card.


👍 Why choose FairMoney?

We are more than a loan app.
FairMoney is the answer to business & personal loans as well as quick and easy access pay bills.
We are working hard to provide you with the best services to make your life better. Very soon you will look to FairMoney for your electricity bill payments, current account, savings and much more!

- All you need is your phone number and BVN to apply for a loan of up to ₦500,000 from your phone.
- You will receive your loan in only 5 minutes!
- Spread repayments in multiple instalments for more flexibility and ease.
- We encrypt the data you choose to share with us to protect your privacy.
- Get an instant loan or make payments with no hidden charges or transaction fees.
- Build your credit score and get access to higher loans, discounts or flexible interest rates when repayments are made on time.
- Track your loan history and transactions to stay on top of your finances.
- We reward you with a N500 discount off your loan when you invite your friends to get a loan with FairMoney.
- Get discounts when you buy airtime or mobile data and pay no transaction fees when you renew your cable TV. The cheapest rate in Nigeria!

📱 How to sign up on FairMoney app

- Download the FairMoney app
- Sign up with your phone number
- Create your secure PIN

🌠 How to apply for a loan

- Click ‘Apply’ on the home page
- Answer a few simple questions
- Receive a loan offer
- Select amount and period
- Accept loan offer
- Enter bank details to receive your money

🌠 How to pay bills

- Select 'Airtime, bills' from the main menu
- Select a category ('Airtime', 'Data' or 'Cable TV')
- Follow the on-screen instructions
- Choose a card
- Confirm payment

💌 For more information, comments or suggestions

Send us an email at help@fairmoney.ng from 9am-5pm every Mon-Fri.
Please provide the phone number you used to register in the app for faster resolution