FairMoney is a payday loan lender that gives loans to borrowers with a salary account. These loans are usually given to eligible employees through their employer.
The FairMoney loan has a friendly interest rate that ranges between 5% - 28%, with no additional fees depending on the loan tenure and the amount borrowed. The amount you can receive varies between ₦150000 and ₦1,000,000 and you can repay within six months. The processing time is immediate, taking up to 2 minutes to get the loan. If you do not repay the loan within six months, an extra interest of 1.5% is added.