FairMoney - Instant Loan App

569K 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 Limited, 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
Mar 16, 2023

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
569K reviews
Ogbotobo Philip Damilare
March 2, 2023
The app is good. Quick and easy transactions, easy access to loans, low loan rates and enough time to pay back. Also, discounts on airtime and other bill payments, discounts also on early repayment of loans. I like the new interface too. But if you can add an option for reporting a transaction that failed, that would be good. All in all, a wonderful banking app.
862 people found this review helpful
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Willy Emmanuel
February 18, 2023
The app is fantastic and easy to use, the developers did an awesome job and I recommend it for anyone who wants a quick loan and other options like paybill, airtime and more without any stress or hassles. There's also no sharing of personal information or ATM card which can be applied with non third parties and I look forward for more easy access 👌🏽💯 to even better loan contracts with quickcheck 99%
1,103 people found this review helpful
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FairMoney MicroFinance Bank
February 18, 2023
Hi Willy, Awesome feedback! We appreciate your honest feedback & we are delighted to have you as one of our customers. Please do recommend FairMoney to your friends & Family. Thank you! Chioma.
Chiwetalu ferdinand
February 27, 2023
They are fast at giving loan. The problem is the dubious and unexpected way of crashing your credit score. I built a credit score overtime. Unexpectedly, they crashed it to square one. They started telling stories that are not matching. If they place you on instalment, stick to the plan. If you try to pay up , they will remove you eligibility. Talking from experience. The interest rates are very very very high. 30%. It is just for someone in need. It is not for business. You will not recover.
975 people found this review helpful
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FairMoney MicroFinance Bank
November 30, 2022
Hello Chiwetalu! Thank you for the 5 Star rating! We are delighted to have you as one of our customers. Please do recommend FairMoney to your friends & Family. ^Medinah

What's new

Hello FairFam! Thank you for choosing FairMoney and welcome to version 9.1.1.

Another big news today, as we we're introducing a revamped Loans HomePage to make your loan application experience better! We also enabled easy PIN change for our Fairmoney ATM card holders.

As usual we've made some other minor tweaks to make your journey with FairMoney smoother. We're here to serve and assist you. For any questions, comments, or issues, please email us at help@fairmoney.ng or help@fairmoney.in.