We’re excited to welcome FairMoney Microfinance Bank to the nairaCompare platform!
With FairMoney now on board, you can access a wide range of loan and savings products tailored to help you meet your financial goals, whether you’re looking for quick credit or a way to grow your money passively.
Get Personal Loans with No Stress
FairMoney offers collateral-free personal loans ranging from ₦1,500 to ₦3,000,000, with repayment periods from 1 month to 2 years. The interest rate ranges between 2.5% to 30% per month, depending on your profile.
To apply, all you need is your phone number linked to your BVN, a valid means of identification, and a few minutes to answer some quick questions on the FairMoney app. No paperwork, no guarantors, and no bank statements required.
Please note that some states are currently excluded from coverage.
Save and Earn Daily with FairSave, FairTarget and FairLock
FairMoney’s savings range includes three unique plans, each designed for different saving goals:
✅ FairSave lets you earn up to 17% interest per annum, credited to your wallet daily, with no withdrawal restrictions.
✅ FairTarget helps you save towards a goal while earning up to 20% per annum. It’s perfect for big life goals, but be sure to stick to your plan—breaking the target early means you lose the accrued interest.
✅ FairLock is a fixed-term option with interest rates as high as 30% per annum, ideal for disciplined savers looking to lock away funds for a set time (from 7 days to 2 years).
All products are available to users aged 18 and above and can be accessed directly on the FairMoney app.
Mandatory KYC Requirements
To ensure a smooth registration process, applicants will need to provide the following:
- Full name
- Date of birth
- Bank Verification Number (BVN)
- Current residential address
- Your picture
- Valid government-issued ID (national ID, international passport, permanent voter’s card, or driver’s license)
- Recent utility bill, bank statement, affidavit, or another bill (dated within three months, showing your name and address)
With fast personal loans and high-interest savings options, this partnership is designed to help you reach your financial goals with ease.
So whether you're trying to sort out a pressing bill, start a small business, save for rent, or simply grow your money more intentionally, nairaCompare makes it easier to find the right solution.
Everything is quick, secure, and available through your phone.
Take the guesswork out of borrowing and saving.
Check out FairMoney’s offerings on nairaCompare today, and take one step closer to the financial freedom you deserve.
