The only bank to get a loan of up to ₦500,000 in 5 minutes! 

Download the FairMoney mobile app and get up to 500,000 loan sent straight into your FairMoney bank account within minutes. No paperwork. No collateral. 

The best banking experience

Tired of paying maintenance and transfer fees?

FairMoney account is free, and you can enjoy 100 free transfers with your FairMoney app! 

FairMoney debit cards are coming soon!

A loan into your account in 5 minutes. For real.

Remember the last time you asked for a loan from your bank? With FairMoney, no wahala.

You get your a loan of up to ₦500,000 for 12 months in only 5 minutes, straight into your FairMoney bank account!

The more you use FairMoney bank, the better your FairMoney loan.

Some issues to repay your loan? We are here to help.

Sometimes unexpected problems arise. Go to your FairMoney app and get an extension on your loan. Your happiness and relief is our main concern! 

Go from thinking to doing!

We’re empowering doers with the best bank account in Nigeria. The more you use your account, the better loans you get! Take your business to the next level with FairMoney bank.


Here are some answers to the questions you may have.

What is FairMoney?

FairMoney MFB is a bank licensed by the CBN (Central Bank of Nigeria). 

How can I create a FairMoney bank account?

You need an Android phone. Click on the button “Download the app” and get a loan via the FairMoney app. Your bank account will be created automatically, no hassle or complex documentation!

How much do you charge for my FairMoney bank account?

Nothing! Having a bank account shouldn’t cost you money. No maintenance fees, 100 free transfers. 

How much can I borrow and for how long?

FairMoney offers loans from N1,500 to N500,000 for a period of one to twelve months. The more you use FairMoney bank, the better your loans!

What makes FairMoney loans better?

Speed of delivery – You can get a loan instantly in 5 Minutes, from anywhere in Nigeria
Flexibility – You can repay on or before your due date with a reduced interest rate
No hidden charges – Our interest charges are all-inclusive, ensuring transparency
The customer is king – Our team is trained to treat you with the respect you deserve

Do I need documents or a collateral?

No document, no collateral!
You will only need to share your BVN during the loan application and connect your ATM card to authorize us to debit your account for the repayment.

Ready to get started?

Download the app now and submit your application.

FairMoney bank provides loans.

Loan amounts range between ₦1,500 to ₦500,000 with repayment periods from 61 days to 1 year at monthly interest rates that range from 2.5% to 30% (APRs from 30% to 260%)

Borrow NGN100,000 over 3 months
Interest (total cost of the loan): NGN30,000 (30% rate)
Three monthly repayments: NGN 43,333
Total amount payable: NGN130,000
Representative: 120% APR