This article is about the Fast Money loan app and how to apply. With the Fast Money loan app, you can get a loan up to the tune of NGN 300,000 in Nigeria with the app.
This app is a quick and an online Android mobile loan app, available in Nigeria. Once you download the app, all you have to do is follow a simple application process to get an instant loan in a few minutes.
The app has been optimized for a few user experience, which makes you get a higher loan amount and more convenience.
So, are you looking for where to get a quick loan with a long repayment term, then maybe you should try out the Fast Money loan app.
Here, you will get quick, secure, and convenient loan with favorable terms that can help you find your feet before you payback.
Loan Advantages
There are some advantages that comes with getting a loan from the Fast Money app. So here are the loan advantages:
- You can loan up to NGN 300,000
- You can get a loan without mortgage
- Get charged low interest rate
- Get long time repayment
- Getting a loan from the app, is quick and safe.
Loan Products
Here are the loan products you’ll have to get yourself acquainted with before you start your loan processing:
Loan period: Your repayment will be expected from 91 days to 365 days.
Loan amount: The loan amount ranges from NGN 5,000 to NGN 300,000.
Loan Interest: The loan interest ranges from 4.5% – 34% with an equivalent monthly interest of 3% – 29% and APR of 29% – 365%.
How it Works
If you decide on a 6-month loan and borrow NGN 1,000, Fast Money will charge an interest rate of 4.4% per month. The interest rate will be at 26.4%,you will be charged GNN 263 as interest of 6-month repayment period. Total amount of repayment is NGN 1,263.
Now, we are going to get started with how you can apply for the loan. But before we do that, let’s take a look at the requirements you are to meet in order to successfully apply.
Loan Eligibility
- An intending applicant must be a Nigerian resident.
- Must be in the age bracket of 20-55 years old.
How to Apply – Loan Steps
Let’s get started, as we give you a detailed guide on how to apply for and get approved for this loan:
- Take the first step, by downloading and installing the Fast Money App from the Google Play Store.
- Register an account
- Choose the product you would like to apply for.
- Enter your basic information, thereafter submit the application.
- Get your loan deposited straight into your bank account.
Conclusion
Accessing loans from the Fast Money mobile app is quite easy. You don’t need to have any collateral, no paperwork, to access a loan.
The loan plan is accessible to anyone with a bank account and one who meets up the loan requirements.
So you have a loan platform you can take advantage of to meet up with any emergencies or unexpected needs that may pop up.