FairMoney Launches FlexiCredit Loan Product for Nigerian Professionals

FairMoney, a Nigerian microfinance bank, has unveiled FlexiCredit, a new credit product tailored for Nigerian professionals, providing access to personal credit limits of up to N5 million. The product aims to offer faster and more flexible financial solutions to workers who often face delays and heavy paperwork when seeking loans.

Margaret Banasko, Head of Marketing at FairMoney, highlighted that FlexiCredit eliminates traditional lending barriers and provides immediate access to credit for emergencies or lifestyle needs. The product requires applicants to earn a minimum monthly salary of N250,000 and maintain a good credit score.

FairMoney ensures straightforward repayment terms and complies with new rules set by the CBN and FCCPC to protect Nigerian borrowers.