602K reviews
Content rating
Rated for 3+
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About this app

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

- Instant personal loans from ₹1,000 up to ₹60,000
- Repayment periods between 90 days - 180 days
- Annual interest rates range from 12% to 36% per annum
Quick disbursal in under 5 minutes, without collateral or paperwork and delivered directly to your bank account!

We work with Apollo Finvest India Limited and Northern Arc Capital, both are financial institutions 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 90 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 app, available in India. We provide easy loans for both salaried & self-employed individuals. To access instant personal loan in minutes:
👉 Download the app
👉 Sign up using your mobile
👉 Provide Aadhaar and PAN numbers
👉 Answer a few questions
👉 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 90 days

Interest = ₹5,000 x 24%/365 x 90 = ₹296
Processing fee = ₹5,000 x 5% = ₹250 (on which GST apply of ₹45)
Total cost of the loan = ₹546

Total amount disbursed will be ₹4,705 (₹5,000 - ₹296)
Total amount to repay will be ₹5,296 (₹5,000 + ₹296)
Two monthly repayments of ₹2,648

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?

We are working hard to provide you with the best instant loan app services. With FairMoney, you can avail credit line for:
- Emergency Loans like Medical Loans or Hospitalisation Loans
- Education Loans or Student Loans
- Travel Loans
- Wedding Loans or Marriage Loans
- Vehicle Loans
- Loans for Home Appliances or Home Renovation Loans
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 & 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 and 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 'Get Loan' on the home page
- Answer a few simple questions
- Verify your identity so that we can give you 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
Our Privacy Policy can be found here: https://fairmoney.in/privacy-policy

Send us an email at help@fairmoney.in from 9am-5pm every Mon-Fri.

Please provide the phone number you used to register in the app for faster resolution.

Download the FairMoney App today!
Updated on
Feb 28, 2024

Data safety

Safety starts with understanding how developers collect and share your data. Data privacy and security practices may vary based on your use, region, and age. The developer provided this information and may update it over time.
This app may share these data types with third parties
Location, Personal info and 6 others
This app may collect these data types
Location, Personal info and 9 others
Data is encrypted in transit
Data can’t be deleted

Ratings and reviews

597K reviews
Chinedu Dokai
February 18, 2024
The service has integrity, and the app interface is ok. However, the back end infrastructure needs improvement. For an app that services the world, speed is of the essence. they have been consistent in giving loans to me, but the competition uses better infrastructure that ensures speedy delivery of data. As a banking system, in a country like Nigeria, the edge of your sword needs to be sharp at all times.
398 people found this review helpful
FairMoney MicroFinance Bank
February 18, 2024
Dear Chinedu! We greatly value your feedback. Our teams keep developing more features to make the app your go-to app for all banking services and observation like this is instrumental to our goals. Please share more feedback with us here so we can continue to give you a better experience
okafor chikaodinaka
February 20, 2024
The app is a good one, it's friendly and easy to use. Most importantly they don't delay in crediting your account once you make a request for loan, secondly they send you a reminder some weeks before your repayment due date so you don't forget. I like the app But, your interest rate is very very high!. You people should try and work on it. Abeg your interest rate is not funny at all, it's way too high, try and work on it. Also reduce your call reminder this days, it do wear someone off.
1,734 people found this review helpful
FairMoney MicroFinance Bank
February 20, 2024
Hi Okafor. It is not our intention to displease you. Your interest rates are determined by your credit score. The calls may have been repeated due to a glitch please send your phone number to our mail help@fairmoney.io so we can review. We greatly appreciate feedback & your continued patronage.
Tobore Denedo
February 16, 2024
The app is good overall but there are several issues that need fixing. For example, the option of funding your account with your ATM card fails a lot, adding new cards as payment options may show successfully added but still not reflect among your saved cards when you trying using the card for payment, transferring to certain banks do not work.
340 people found this review helpful
FairMoney MicroFinance Bank
February 19, 2024
Hi Tobore! We apologize on the challenges you encountered while funding your account with your debit card, adding a new card and performing transactions to certain banks. We are eager to have this issues rectified, please add us on WhatsApp +2348101084635, let's have a chat and give you a better experience.

What's new

Hello FairFam!

Thank you for choosing FairMoney and welcome to version 9.44.0.

In this update, you can now change your phone number if you no longer have access to the number used to register your account. This feature adds flexibility and convenience to your account management.
Upgrade now and enjoy these improvements!

Remember, our dedicated team is here to serve you and assist you. For any questions, comments, or issues, please send us an email to help@fairmoney.io.