How much can I borrow from fairmoney for the first time?

Read all about how much can I borrow from fairmoney for the first time.

Fairmoney is a platform that gives you access to loans of up to 3 million naira. All you have to do is download the app and install it, register by providing all the required details.

To get a loan of fairmoney, you will need to answer a few questions, after which you will be granted a loan in just 5 minutes.

If you are just registering on the fairmoney app, and you are wondering how much you can borrow from fairmoney for the first time, then you will need to continue reading, as I will be answering that question in this post.

Remember to leave us a comment after you finish reading and also share with your friends on social media.

Let’s get into it then…

Read my post on the best loan apps for iphone

How much can I borrow from fairmoney for the first time?

Fairmoney usually offers loans up to 3 million naira, but you obviously won’t be able to get a three million naira loan when you first register on the app.

When you request for a loan on fairmoney, your credit history will be checked, and this will determine the amount that you will be able to get.

If you pay back your loans on time, the amount that you will be able to borrow will steadily increase, and once you have built enough trust, you will be able to get even higher loans of up to 150,000 naira and above.

For a first time loan request, you can get anywhere from 5,000 naira to 10,000 naira, if you have a good credit history and from 3,000 naira to 5,000 naira, if your credit history is not very good.

Once you pay back the loan on time, you will be able to get double that amount, the next time that you request for a loan. You might be able to get 10,000 naira the second time you request.

The key takeaway is to make sure you keep a good credit history, and you will be able to access higher loans in the future.

Fairmoney customer contact

You can contact fairmoney via the following channels:

Email: help@fairmoney.ng

Conclusion

Remember to share with your friends on social media and also subscribe to this blog for more banking and finance updates.

Thank you for reading my post on How much can I borrow from fairmoney for the first time? If you have any question or comment, you can leave it below in the comment section below.

Thank you once again.