Fair cash is a loan app in Nigeria that give out instant loan to people. With Fair cash loan you can obtain up to #100,000 at a go without collateral or paper work.
Their loan processing is fast, once your application is successful your bank account will be credit. You don’t need to leave your location before you will obtain the loan, with your phone you are good to go.
Requirement to obtain fair cash loan app
Below are the requirement you need to meet up with before you can obtain loan from fair cash
Have bank account and BVN
Have good credit score.
Be above 18 years of age
Have smart phone with which to download the app
Reside in Nigeria
How to apply for fair cash loan
The first step is to head over to play store to download the loan app
Register with your name, bvn and other details
You will be ask to bind your ATM card which might attract #30, do so and proceed
After the registration you will be login to your dashboard
On your dashboard locate and click on loan
There you will see amount of loan you are eligible to obtain
Take the offer and wait for disbursement
How much you can obtain from fair cash loan
With fair cash you can obtain up to #100,000 without collateral or paper work, but as a first timer you will not be able to receive up to this amount , as you continue to take the loan and pay back, the amount you can obtain will increase.
Fair cash loan interest rate end repayment period
Fair cash interest rate depend on the amount of Ioan obtain and the repayment period. It is between 5% to 10%. The repayment period is between 7 days to 1 month.
As a first timer your interest rate will be high while your repayment period will be short but as you continue to use the app, this will improve
Paying back your fair cash loan
To pay back your loan, head over to your dashboard
Locate loan repayment and click it
Here you will see deferent method to pay back your loan
Click on it and and pay back your loan
Once you make payment, it will reflect on your dashboard. If or does not you should contact them
What will happen if I don’t pay back my loan
If you default you will be punish by increase in your loan interest rate but of you decide not to payback at all, your name, bvn and other details will be sent to credit bureau for blacklisting, which means you will not be able to take loan again in Nigeria until you settle your debt.
Is Fair cash loan legit
Yes the loan app is legit, they have given loan to many people in Nigeria, but they are not license by CBN so exercise caution when taking loan from them.
Our verdict on Fair cash loan app
Fair cash loan app is legit, they have god reviewed on play store, which shows that they are doing something right but since they are not license by CBN, you should exercise caution when dealing with them, do not take loan that you can not pay back.
Conclusion
Obtaining loan in Nigeria is now easy, there are many loan app that will give you instant loan, but I will advice you to take loan that you know you can pay back to avoid had I know.
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