Fair Credit Loan App: how to apply, interest rate, is it legit

Fair credit loan app will give you instant loan in Nigeria without collateral or paper work. It loan processing is very fast once your application is successful, your account will be credited they’ do not waste time. With fair credit loan you can obtain up to #200,000 loan at a go

Requirements to take loan form fair credit loan app

Below are the requirement you must meet up with before you can obtain loan from this app

Have bank account and BVN


Have a source of income

Have good credit score

You must not have defaulted on any loan before


Be above 18 years of age

Have smart phone with which to download the app

How to obtain loan from fair credit

The first step is to head over to playstore


Download the app and register with your name and other details.

You will be asked to submit your BVN do so and proceed

Your BVN will be use to calculate your credit score and how much you are eligible to loan


Once you are done with your registration you will be login to you account

On your dashboard locate and click on loan

There you will see the amount of loan you are eligible for


Click on this loan and wait for disbursement

If everything goes right you should see credit alert in 1 hours time.

How much you can loan from this loan app

With faircredit loan you can obtain up to #200,000 loan without collateral or paper work. As a first timer you might not be able to get up to this but as you continue to take loan and pay back regularly the amount you can loan will increase.


Faircredit loan interest rate and repayment period

Their interest rate is between 5% to 30% depending on the amount of loan obtain and the credit score of the recipient.

Repayment period also depend on the amount of loan obtain, it is between 14 days to 30 days.

Paying back your faircredit loan

You can pay back your loan with ATM card or ask for their account number and transfer to it. When making transfer ensure you have the correct account number to avoid story that touch.


On your dashboard locate and click on loan repayment

There you will see deferent payback options

Chose the one you like and proceed


The payment will reflect on your dashboard

If it doesn’t contact them.

What will happen if I default

If you default you will be punish by increase in interest rate and if you refuse to payback your name and BVN 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 faircredit loan legit

Yes, the loan is legit, they give out loan to people with out asking for dime as processing fee. But they are not license by CBN nor insure by NDIC so you should exercise caution when taking loan with from them.

Fair credit loan contacts

Customer service phone




[email protected]

Our verdict on faircredit loan

In truth fair credit loan will give you loan but if you default there will be problem. They will send defamatory message to your contact list just to degrade you so exercise caution when taking loan.


If you must take loan from this loan app, take loan that you can pay back. Checking through their review on playstore you will see that they have many negative review.


Above is how to get loan from faircredit but as you can see they do give loan to people but if you default there will be a problem so exercise caution when taking loan from this loan app to avoid embarrassment.

Also they are not license by CBN which means if any thing goes wrong it will take time before they can interfere.


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