Introduction About FidoLoans
When we speak about instant loan app in Ghana, Fido is the first app the average Ghanaian will mention. Simply because, Fido is the best lending app currently in Ghana.
There are bunch of Instant Mobile Loan Apps in Ghana, but Fido is the overall best.
The main reason for Fido’s success in the fintech market is their minimal interest rate and the term tenor which surpasses that of all the other lending emerging lending companies.
At minimum, Fido gives Ghc200 and a maximum of Ghc10,000 with a term tenure of 30days up to 180 days. (Remember this is real, not just on paper like the others)
So, if you really want to set up a side business but lacks the capital, you can turn to Fido and due to the flexibility of their payment, you can always pay back in time without defaulting.
About Fido Loan
What is Fido Loan? I heard you ask.
Well, if you ask me I’d say Fido Loan is online loan application App that helps you expand your business without collateral, no guarantor, No paperwork, therefore no waiting in bank queues.
Applying for loan with the Fido app is very easygoing.
Fido Loan Application
Applying for a Fido loan is Very simple and straightforwarded.
Before applying for Fido Loan, you must first download the Fido Money Lending App
Fido Money Lending App Download Ghana
Currently, the app is available for only android enabled devices, therefore you’d need an android phone or a tablet to download the app.
Fido Money Lending App For iPhone
If you’re looking for the Fido Money Lending App iPhone, then you must head over to Fido’s official website and submit your application process through their website.
Apply for Fido Loan Online
If you’ve successfully download the Fido loan app onto your Android device, then you should open and and fill out your basic personal information.
In four Simple steps, this is how the Fido Loan App works.
- You must Download the app and fill in your details only once. For subsequent applications, you only need to confirm your details.
- You will receive an immediate loan decision (Either approved or rejected)
- If approved, you will receive the money instantly into your mobile money account. No loan talks.
- You have minimum Repayment period: 91 days
- And a maximum Repayment period: 180 days
How do i qualify for a Fido loan?
The Eligibility of Fido loan are as follows:
- You must provide a valid ID (New and Old Voter’s ID, Driver’s license, Ghana Card and/or Passport).
- You should have a mobile money account registered in your own name.
- Fido accept MTN & Vodafone mobile money wallets.
- You must be a resident of Ghana.
- You must be over 18 years of age.
Fido loan interest rate
Fido loan have a maximum Annual Percentage Rate (APR) is 62%. This is based on an interest set to 0.266% per day and decreases with good repayment behavior.
Processing fee per loan is GHS 17, and a deductible Commitment fee is 1.4%.
MTN, Vodafone and AirtelTigo short code for FIDO loan
You can repay your Fido loan on any network with this USSD Short Code (*711*666#)
How much can I borrow from Fido?
As a new lendee, you’d have a maximum of Ghc200 with a 30 or 33 days repayment duration.
Howevery, paying your loan back in terms unlocks a higher amount quite rapidly.
Fido Money Lending Contact Numbers
Below are the numbers you can reach Fido Money Lending on:
Fido on FB: Fido Micro Credit
Fido Loan Official website: https://www.fidobank.app/fido-app
Where is FidoLoans’ Location?
Fido Loan is located at 48 Blohum Road, Dzorwulu, Accra, Ghana.
In nutshell, Fido Loan is undoubtedly the best lending app in Ghana.
I really hope this article helps you get an instant loan from Fido. Thanks for reading and please consider sharing this article with friends, and families.