The fair credit loan app is one of the fastest loan services we have in the country. This loan platform allows you to borrow from them to fund your business or for personal needs, it is fast and very efficient.
In this article, we will discuss extensively how to obtain a loan from this loan platform, the requirements for you to obtain a loan, and most especially, interest rates, and repayment plans, and, we will discuss some of the most frequently asked questions in this article. Stay tuned and pay close attention.
Overview of the Fair credit loan platform
The fair credit loan platform is one of the fastest loan services in Nigeria. Over the years, this loan service platform has helped many Nigerians to scale up their businesses, sought out fast and pressing needs, and has helped greatly in bringing many Nigerians out of poverty.
Fair credit is one of the fastest loan services providers in the country that has helped many small to medium size businesses to scale their business. One of the factors that have made this platform one of the most accepted loan platforms is its flexibility, no collateral, no guarantors and it is very important if you’re eligible to apply for the loan you’re going for.
Furthermore, the maximum amount of loan one can obtain from this loan app is far bigger than most other loan apps out there, with the fair credit loan app you can borrow up to # 1 million and if you’re eligible, it will be credited to your account immediately.
It is very easy to take a loan from this platform, this is another reason and factor why this loan platform is one of the most accepted across the country. All you need to do is to download the loan app from the Google play store and follow through the process we will show you in this article.
Fair Credit Loan Requirements
For you to be eligible to obtain a loan from this platform, you must meet the following requirements below, missing one of the requirements will lead to automatic disqualification of your loan application form. If you have submitted it already, it will not be considered, this is why you should take this article seriously. Some of the requirements you must meet and provide care
- A valid and working phone number, will we’ve as a way to receive valuable information and notifications
- You will need to provide your Bank Verification Number, this is very crucial and one of the most important requirements of all, if you don’t provide the BVN, your application will not be accepted.
- You must be a resident of the country, those that are from overseas are not eligible for this loan
- The maximum and minimum age limit for application is within the range of 20 and 50, below or above this range, your loan application process will not be accepted.
- You just have a reliable source of income which will help the loan platform to know if you’re eligible to take a loan from the platform.
How To Download The Fair credit Mobile App (APK)
To download the fair credit Mobile App is very simple, first, you must be an Android user, and make sure that you have a strong internet connection and data. The MB of this loan app is not up to 20 Mb. When you’ve provided these above, the next thing to do is to open your play store app and search for a fair credit app, click on the download icon, and the download will start immediately provided you have a strong internet connection or data. At the time of writing this article, the fair credit App download is over 100,000 with over 50,000 reviews, this shows how important and beneficial this loan app is. The average star rating for this loan app is 4.5.
How To Obtain A LOAN From the fair credit loan services
After you’ve downloaded the app, the next thing you need to do is to check if you meet the eligibility requirements, if you do then you can proceed with this article
- The first thing to do with it comes to applying for a loan is to launch your newly downloaded loan app
- The second is to make sure you link your active phone number to your BVN, this will enable the platform to check through your documents and banking details, to know if you’re eligible for the loan.
- After you have provided your BVN and have linked it to your phone number, the next thing you need to do is to fill in your details, your details can come in different ways such as full name, date of birth, and all. You must input them correctly, missing any may lead to automatic disqualification.
- Enter your bank verification number, it is used to check if you’re eligible for the scholarship. Your bank verification number allows the platform to bring in you provided I didn’t surprise you yet
- After you’ve entered your number and that of your bank verification number, a one-time password will be sent to your phone, which will be needed as you progress with the loan application process.
- After you’ve confirmed everything before sending, the platform will use your bank to get what information they need, information such as creditworthiness is of extreme importance to these loan platforms.
- Immediately after the application process, your loan will be checked to know if you met the requirements and are eligible for the loan application. If you do, within 20 minutes the loan will be credited to your account.
Fair credit loan repayment options
The loan application process of the fair credit loan app is very easy to process, in addition, this loan platform gives customers one of the best loan repayment options to help customers pay back within or before the agreed time. The repayment options are available for 12 to 18 months. For further understanding, we will calculate the interest rate of the above
This loan platform has one of the best interest rates which is as low as 2.5% and 30% which is dependent on the amount of loan you wish to take from the platform. If you meet all the requirements early and you’re eligible for the platform below, all you have to do is have a high chance of getting approval.
However, let’s assume that you borrowed 100, 000 intending to pay it back before the end of 24 months, if the interest rate is 26%, at the end of the 12 months, you will now pay a total of 126,000 which includes the interest rate.
How to locate the fair credit loan app
Another factor that has helped greatly to make this loan one of the most accepted in the country is the fact that this loan service has a physical head office where they get all the services they need. The location of the head office is; Myhoung barracks Yaba, Lagos Nigeria.
For those living far away but would love to make complaints or make inquiries about the nature of the loan, you can reach out to the platform via [email protected].
Frequently Asked Questions
How much can I get from the fair credit loan services?
Provided you’re eligible to borrow and have checked the requirements, you can borrow from #1500 minimum to #1,000,000 maximum, you cannot borrow an amount higher than this from the fair credit loan app. But you must make sure you have filled in your details correctly and personal information where and when necessary.
As a new user, you’re restricted to the amount of loan you can apply for, but as you borrow and pay back when stated at the point of agreement, the loan platform will keep increasing the amount of loan you can borrow each time.
What happens if I don’t pay back the loan?
This platform has made it easy for anyone to borrow and pay back their loan through a low-interest rate. But if you’re not able to pay back, a period of grace will be given to you after which the platform will take actions which may include blocking your bank account.
What are some of the benefits of this loan platform?
One of the notable benefits is that it is fast, efficient, and reliable, and the loan platform interest rate is low which almost anyone can pay back. There’s no need for collateral and a guarantor, all these are some of the benefits.
Bottom Line
You can not go wrong with Fair credit. Their customer service is top-notch, flexible repayment plan, low-interest rate, legit and fast loan disbursement.
We are confident that you have the right information about this very platform.
Feel free to ask your questions in the comments section.
