Fundy loan app: interest rate, how to apply, is it legi - Startuppreneur
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Loan

Fundy loan app: interest rate, how to apply, is it legi

Fundy loan app will give you instant loan in Nigeria without collateral or paper work.

They are very fast in loan disbursement, once your application is successful your account will be credited in minutes. With Fundy loan app you can obtain up to #100,000 loan at a go.

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Requirements to obtain loan from Fundy loan app

Like many other koan app in Nigeria you need to meet up with Fundy requirement before you can obtain loan. Below are this requirement.

Be a Nigerian and reside in Nigeria

Your age should be between 18 years to 60 years.

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Have a source of income

Have a BVN and bank account

You must not have defaulted on any loan before

You should have good credit score

Have a smart phone

How to obtain loan from Fundy loan app

The first step is to download the loan app

Head over to playstore and download Fundy loan app

Register with your names and other details

You will be ask for your BVN, submit it and proceed

After registration, you will be login to your dashboard

On your dashboard, locate and click on loan

You will see the amount of loan you are eligible for

Click it and wait for disbursement

If everything goes right, in 30 minutes your loan will be disburse.

How much you can loan form Fundy loan app

With this loan app you can take a loan of up to #100,000 at a go and a minimum loan of up to #10,000. As you take loan and payback on time the amount of loan you can take will increase.

Fundy loan app interest rate and repayment period

Fundy koan app interest rate is between 10% to 35% depending on the amount of loan secure and the repayment period. According to the loan app their repayment period is between 91 days to 1 year.

Repaying your interest rate

You can pay back your loan wit ATM card or ask for their account number and make transfer to it.

Ensure you have their correct account number to avoid story that touch.

On your dashboard click on loan repayment

You will see deferent loan option to pay back click one and proceed

Is Fundy loan app legit

Yes the loan app is legit, they have given loan to many people in Nigeria. But the loan app is not license by CBN nor insured by NDIC. Exercise caution when taking loan from them.

Our verdict

Fundy loan app is legit but like other loan app in Nigeria, their interest rate is higher and the repayment period is short.

Forget about what they right on their bio, they claim their repayment period start from 91 days, their loan repayment period actually begin at 7 days especially if you a first timer.
Their review on play store is a mix of positive and negative which make their rating to be around 3.

Conclusion

Fundy loan app will give you instant loan in Nigeria but exercise caution when taking loan from them, they are not license by CBN, if anything happen it will be hard for CBN to interfere.

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