Need financial help to cater to pressing needs or solve urgent issues? Have you already run to friends and families for help all to no avail? No worries, getting a loan might be the best next step for you.
But getting a loan from commercial banks in Nigeria is not as easy as it seems. You will need to bring a guarantor, use your properties as collateral, and also provide plentiful paperwork.
As all these processes are strenuous, it’s a real turn-off. These are some of the many reasons why Fintech companies over the years have evolved to make borrowing loans easy and simple for individuals, small or large-scale businesses.
One of these Fintech companies is Fairmoney, a digital bank that gives out instant loans which require no guarantor, collateral, or paperwork.
You can get up to a loan of N1 million within a few hours as long as you meet all requirements.
In this guide about “How to borrow money on Fairmoney app“, you will be shown how to borrow a no-stress instant loan from Fairmoney, how to repay Fairmoney loan, and also answer some questions that you might need answers to.
Without boring you anymore with my TED talk, let’s get into it…
Table of Contents
How Fairmoney came to be (History)
Fairmoney, the Fintech digital financial institution licensed by CBN (Central Bank Of Nigeria) and insured by NDIC (Nigeria Deposit Insurance Corporation) was founded in March 2017 by a Nigerian-German man named Laurin Hainy and a co-founder called Nicolas Berthozat.
The company has made a name for itself as a reliable loan disburser within a short period with offices present in more than 3 continents.
Their loan ranges from N1,500 to N1 million and the installment repayment period extends 18 months.