FairMoney Launches FlexiCredit for Nigerian Professionals, Offering Instant Access to ₦5M Credit Line

FairMoney, a leading Nigerian microfinance bank, has introduced FlexiCredit, a premium credit line tailored for Nigerian professionals. This new offering provides instant access to funds of up to ₦5,000,000 through the FairMoney app, with a daily interest rate of 0.25%.

FlexiCredit aims to address the challenges faced by professionals in accessing traditional credit by offering a convenient, flexible, and hassle-free solution. Eligible users must earn a minimum of ₦250,000 per month, have a good credit score, and complete level two KYC on the FairMoney app.

The credit line requires the first withdrawal within 60 days and offers a transparent and user-friendly repayment process.