FairMoney App is one of the life savers in situations whereby you are supposed to make an immediate payment or money is urgently needed, and you just realized that you are out of cash in your bank account..
The FairMoney app is a mobile banking app in Nigeria in which people can opt in to get loans, pay bills and earn a little extra cash when you invite friends. The aim of this article is to bring to light how to get loans using the FairMoney app.
The application is an online programmed moneylender that renders; single payment loans, installment loans and payroll loans for borrowers.
HOW TO DOWNLOAD THE FAIR MONEY LOAN APPLICATION
To get access to this app, all you need is an internet enabled android smartphone. Android because the app is not available on IOS devices.
Getting the app downloaded on your smartphone is as simple as downloading any other application on your phone. However, the steps to downloading the app are as follows;
Go to the Google Playstore, and search for FairMoney
Click on install and wait till the app is installed
Or click here to download the app
HOW TO GET A LOAN FROM FAIRMONEY
Once the app download has been done successfully, the following steps should follow;
1. Sign Up
Once the app has been downloaded on your phone successfully, the next step is to sign up. Signing up can be done quickly using Facebook.
2. Answer Some Question To Get A Loan Offer
After downloading the app and signing up you will have to answer some questions so the app can calculate a credit score with your answer. The credit score determines how much loan offer you will get and the offer you get will depend on a lot of factors. If you pay back your loan on time, you will have access to bigger offers.
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3. Accept Loan Offers
Once you get a loan offer is granted to you, all you have to do is click to accept it.
4. Receive Loan
Once you have accepted the loan offer, you will receive the money immediately. If peradventure your loan application was rejected, you can re-apply in 15 days.
Some of the requirements to get a loan from the FairMoney app are as follows;
- Name and email address
- Bank Verification number (BVN)
- Bank Account details
- Automated Teller Machine card (ATM card).
- A recent photo of you may be needed.
With this, I hope you will be able to satisfy that urgent need you have.
Thanks for reading!!!