Are you in need of instant cash? Are you tired of long and complicated loan application processes?
Look no further because FairMoney Loan App has got you covered! With FairMoney, you can get quick access to personal loans ranging from Kes1,000 up to Kes60,000, with repayment periods from 90 days to 180 days, and annual interest rates between 12% to 36%.
Here’s everything you need to know about the FairMoney Loan App.
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FairMoney: What is it?
FairMoney is a fast, secure, reliable, and free Android mobile app that offers easy loans to both salaried and self-employed individuals.
To access instant personal loans in just a few minutes, all you have to do is download the app, sign up using your mobile phone, provide your ID numbers, answer a few questions, and voila! You can get instant cash loans approved in under 5 minutes.
Loan Characteristics
FairMoney offers personal loans ranging from Kes1,000 to Kes60,000, with repayment periods from 90 days to 180 days.
The annual interest rates range from 12% to 36% per annum, and processing fees range from 3% to 12% (with GST 18% applying).
You may also be charged up to 0.2% daily late fees for late payments, capped at 18% of the principal amount overdue.
An Example of a FairMoney Loan
Let’s say you borrow Kes5,000 at an annual percentage rate (APR) of 24% for 90 days. The interest you will pay is Kes296 (Kes5,000 x 24%/365 x 90), and the processing fee is Kes250 (Kes5,000 x 5%).
With GST applied, the total cost of the loan will be Kes546. The total amount disbursed to you will be Kes4,705 (Kes5,000 – Kes296), and the total amount you will have to repay will be Kes5,296 (Kes5,000 + kes296), with two monthly repayments of Kes2,648.
Why Choose FairMoney?
FairMoney is dedicated to providing you with the best instant loan app services.
With FairMoney, you can avail credit lines for various purposes, including emergency loans, medical loans, education loans, student loans, travel loans, wedding loans, marriage loans, vehicle loans, loans for home appliances, home renovation loans, and much more.
What makes FairMoney stand out is its user-friendly interface, fast loan approval process, transparent and affordable fees, and hassle-free repayment options.
You can repay your loan using net banking, UPI, debit card, or wallets (Paytm, PhonePe, etc.). You can also use auto-debit to your UPI app, bank account, or debit card to automatically repay your loan on time and take new loans even faster!
FairMoney encrypts the data you share with them to protect your privacy, builds your credit score, and offers access to higher loans, discounts, or flexible interest rates when you make timely loan repayments.
How to Sign Up on FairMoney App
Getting started with FairMoney is easy. Simply download the FairMoney Loan App and sign up with your phone number. Create your secure PIN, and you’re ready to request a loan on the home page.
How to Apply for a Loan
To apply for a loan on the FairMoney Loan App, follow these simple steps:
- Click ‘Get Loan’ on the home page
- Answer a few simple questions
- Verify your identity so that you can receive a loan offer
- Select the loan amount and repayment period that suits you
- Accept the loan offer
- Enter your bank details to receive your loan directly to your bank account
Contact FairMoney
If you need more information, have any comments or suggestions, or want to report an issue, you can contact FairMoney through their customer support channels.
The FairMoney Loan App offers customer support from 9 am to 5 pm every Monday to Friday. You can send an email to help@fairmoney.in, and make sure to provide the phone number you used to register in the app for faster resolution.
Conclusion
FairMoney is the perfect solution for anyone looking for quick access to personal loans. With a user-friendly interface, quick loan approval, transparent fees, and hassle-free repayment options, FairMoney ensures that you get the best service possible.
FairMoney encrypts the data you share with them to protect your privacy, builds your credit score, and offers access to higher loans, discounts, or flexible interest rates when you make timely loan repayments.
So, if you need instant cash, download the FairMoney Loan App today and get the financial support you need!