At FairMoney, we offer loans of up to ₦3,000,000 through our app. However, the amount you are eligible for depends on your credit score and our credit policy.
- Getting a lower loan offer may be due to one of the following reasons;
- Servicing several loans in various institutions.
- Delay in loan repayment.
- Lowered credit score.
- Outstanding loans with other institutions
To increase your eligibility for higher loans, we suggest you take the following actions:
- Conducting more banking transactions on mobile devices such as transfers, bill payments, savings, etc.
- Avoiding too many ongoing loans with several institutions.
- Keep the FairMoney app installed on their phones
- Repay loans on the due date
- Keep bank alert SMS on their phones
We recommend that you utilize the FairMoney app for other banking transactions such as purchasing airtime, fund transfers, card withdrawals, and savings on our Fairsave, Fairlock, and Fairtarget. This can enhance your chances of qualifying for a higher loan.