Loans with FairMoney Loan App

419K reviews
Content rating
Rated for 3+
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About this app

FairMoney Instant Loan App answers your cash needs fast and easy!

Instant personal cash loans from ₹1,000 up to ₹60,000 with repayment periods between 61 days to 180 days at annual interest rates that range from 12% to 36% per annum - validated in under 5 minutes, without collateral or paperwork and delivered directly to your bank account!

We work only with Apollo Finvest, a financial institution in India, regulated by RBI & with an NBFC licence. We are legally compliant.

💸 Loan characteristics:

Loan amount from ₹1,000 to ₹60,000
Repayment periods from 61 days to 180 days
APR from 12% to 36% per annum
Processing fees range from 3% to 12% (GST 18% applies)

You may be charged up to 0.2% daily late fees for late payments (capped to 18% of principal amount overdue).
No other hidden fees applicable to your loans!

🌟 What is FairMoney?

FairMoney is a fast, secure, reliable and free Android mobile banking app, available in India. We make getting a personal cash loan easy and fast: download the app, sign up using your mobile, Aadhaar and PAN numbers, answer a few questions and get instant cash loans approved in under 5 minutes!

📋 An example of a FairMoney loan

Borrow ₹5,000 at an APR of 24% (per annum) with tenure of 61 days

Interest = ₹5,000 x 24%/365 x 60 = ₹200
Processing fee = ₹5,000 x 5% = ₹250 (on which GST apply of ₹45)
Total cost of the loan = ₹450

Total amount disbursed will be ₹4,705 (₹5,000 - ₹295)
Total amount to repay will be ₹5,200 (₹5,000 + ₹200)
Two monthly repayments of ₹2,600

You can repay your loan using Netbanking, UPI, debit card or wallets (Paytm, PhonePe...). 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!

👍 Why choose FairMoney?

Need business or personal cash loans on the go? FairMoney is the answer!
We are working hard to provide you with the best loan services to make your life better. Very soon you will look to FairMoney for daily payments, current account, savings and much more!

- All you need is your phone, Aadhaar and PAN numbers to apply for a loan

- We will approve your loan in less than 5 minutes and fully online! Don't wait for your loan approval anymore

- Be sure of what you will pay before you take a loan: no playing with money, no hidden fees with FairMoney

- Repay your loan without hassle using auto-debit and e-Mandate

- Spread your loan repayments in multiple instalments for more flexibility and ease

- We encrypt the data you choose to share with us to protect your privacy

- Build your credit score and get access to higher loans, discounts or flexible interest rates when loan repayments are made on time

- Build history with FairMoney and access more personal finance products very soon: current and saving accounts, debit cards and much more

📱 How to sign up on FairMoney app

- Download the FairMoney Loan App in Google Play Store
- Sign up with your phone number
- Create your secure PIN
- You can now request a loan in the home page

🌠 How to apply for a loan

- Click 'Apply' on the home page
- Answer a few simple questions
- Verify your identity so that we can give you a loan offer
- Receive a loan offer
- Select amount and period for your loan
- Accept loan offer
- Enter bank details to receive your loan directly to your bank account

💌 For more information, comments or suggestions

Send us an email at from 9am-5pm every Mon-Fri.

Please provide the phone number you used to register in the app for faster resolution
Updated on
May 24, 2022

Data safety

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419K reviews
Azeez Adekunle
April 29, 2022
This is one of the worst service providers I have ever come across. I downloaded the app two weeks ago. I followed the icon shown on the App for account upgrade. I believe that was all, I requested someone to send an amount.. Since then, the transaction was blocked. I've sent several email to them, I've called the two lines on the Web page, I've chatted a customer representative... all no result. I've not only be disappointed but also frustrated.
1,128 people found this review helpful
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FairMoney Loan App
April 30, 2022
Hi Azeez, We are sorry for the unpleasant experiences you had on our platform. Note that we are working on ensuring you become satisfied with our product and services. Please share your contact details with us at Thank you. Glory
Royal Stranger
April 29, 2022
I enjoy using the app for my banking transactions since I downloaded it I tried to apply for a loan recently. I didn't get the amount I needed and the repayment period for what was offered was also too short and at a high interest rate as well (1 month for 24%). I had to decline the loan to avoid defaulting, as I wasn't ready for drama. I think you should make it flexible to repay loans of 100k and above, at least like 3-6 months period. This will also reduce the amount of loan defaulter.
1,111 people found this review helpful
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FairMoney Loan App
May 2, 2022
Hi Prince,We appreciate your feedback. Please note that our interest rate varies and its determined by the system, you can also enjoy a lower interest rate with a higher loan when you use the App often for our other services. ^Okhai
Dr Adetayo Olagbegi
May 9, 2022
Their app gives fictitious interest rate reviews. The interest rates are ridiculously high. You're also bombarded you with incessant calls and adverts via SMS. However, your loan application passes through quite quickly and you see the amount your going to pay for the loan before accepting. No hidden fees after that except maybe if you default? Don't default.
582 people found this review helpful
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FairMoney Loan App
May 10, 2022
Hello Adetayo We regret the inconvenience and sorry to know that the interest rate to be enjoyed wasn't as expected. For better assistance, please share your information with We will be happy to assist you. Thank you! Glory.

What's new

Hello FairFam! Thank you for choosing FairMoney and welcome to version 8.78.0.

We've made some improvements to the user experience, this time around.

We're here to serve you and assist you. For any questions, comments, or issues, please send us an email to or