I took a loan of 20 thousand naira and paid off before time and now I’m about seeking for another loan and the app is giving me a little to no reasonable amount.
I thought it could have been a bigger amount if I paid my previous loan before time pease look into it and grant me a higher loan
Developer Response
We apologize if the loan amount that was offered did not meet your expectations. To get a higher loan amount, we encourage you to continue to make your repayments on your scheduled date. Additionally, if you use the app frequently for transfers and savings, it will boost your credit score. As a result of these actions, you might qualify for your desired loan amount.
It was a fast process to get a small loan. I didn’t get the amount I needed but it was was more than what other financial institutions offer for a first time loan.
Developer Response
We are sorry that the amount offered did not meet your expectations. To get a higher loan amount, we encourage you to continue to make your repayments on your scheduled date and work on improving your credit score by using the app regularly for transfers & savings. We appreciate your patronage.What’s wrong if I pay early than the date why did have to be downgraded because I pay early I need the loan for something as I got the money should be keeping it to be waiting for due date that’s bad
Developer Response
We did not mean to displease you. We wish you had gotten a higher amount, but this offer was determined by your credit score. However, we are hopeful that you can take this loan, pay it back on your scheduled date, and keep getting more loans while you continue to use the FairMoney app for all your transactions. We appreciate your patronage!This is best and fastest loan app ever but I don’t know why you keep giving me same amount of money for the 3 months now is not encouraging while you don’t increase my loan pls is this how it works or just me
Developer Response
We did not mean to displease you. We wish you had gotten a higher amount, but this offer was determined by your credit score. However, we are hopeful that you can take this loan, pay it back on your due date, and keep getting more loans while you continue to use the Fairmoney app for all your transactions. We appreciate your patronage.
Very helpful and great people thank you for your service I appreciate 💯
Developer Response
We are glad we were able to help you. We appreciate your patronage!I paid my loan payment before it due but i am not able to get another loan is this how this works!?
Developer Response
It is not our desire to disappoint you. You may have been unable to obtain a loan because of a low credit score. To become eligible for a loan, we recommend that you use the app regularly for transfers and savings. Also, ensure that you have no outstanding debts with other loan institutions and that the app is installed on the device you use for financial activities. We appreciate your patronage!
I took out a 70k loan for 3 months. I was ok with the amount I had to pay back. So I decided to take out another. This time I was approved for 400k but I only needed 300k. When I went to accept the offer…that’s when I notice that over 9 months I would be paying back over 808k that’s about a 153% increase. Can you please explain this - if I take out 400k loan for 9 months, and I pay back in 4 months, why am I paying interest rate of 17% for the 5 months?
Am trying to get a new loan cos I already paid for the other loan I applied Buh am trying to get a new loan Buh it’s saying I should try in 30 days and I need the money urgently today
Developer Response
It is not our desire to disappoint you. You may have been unable to obtain a loan because of a low credit score. To become eligible for a loan, we recommend that you use the app regularly for transfers and savings. Also, ensure that you have no outstanding debts with other loan institutions and that the app is installed on the device you use for financial activities.
It easy to get the loan and what make it make sense once you repay on time you get high loan
Developer Response
Thank you for your feedback. We appreciate your patronage!Dear developer. I recently took a loan of 300k which I was given 6 months to pay back over 600k but I paid it within 2 month. When I tried to apply for a loan again I was only offered 70k which is so bad that I’m not sure I can use the app anymore. The loan interest is high but my major concern is why reduce my credit which means it’s unreliable I was looking forward to a better loan but got reduced!
Developer Response
It is not our intention to displease you. Your loan amount & interest rates are determined based on your credit score at the time of your loan application. To get higher loans at favorable interest rates please use the app for all your transactions and repay your loans on your scheduled dates. We appreciate your patronage!
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