This lender has full approval from the FCCPC to offer digital loans in Nigeria.
- Company
- Fair Money Microfinance Bank
- Listed by FCCPC as
- FAIRMONEY APP.
Before you borrow: registration does not make a loan cheap. Check the total amount you will repay, never give an app access to your contacts or gallery, and report any harassment to the FCCPC.
Other listings with a similar name:
- Fast Money Conditional approval Soko Loan
- Fairloner FCCPC approved Jejely Ultimate Limited
FCCPC register last checked 24 October 2026. Names can differ slightly between the app store and the register; if in doubt, search the company name.
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FairMoney (Nigeria) — Verification & Red Flags
Quick take: Don’t install any loan app with your eyes closed. Verify the company behind it, understand the fees, and avoid apps that request Contacts/SMS unless you’re ready for harassment risk.
What this is (plain English)
A digital lender that offers quick personal loans and SME loans. Speed is nice—harassment is not.
Key claims you should confirm
- Loan range/limits: Varies by user/score
- Tenor/repayment period: Varies
- Pricing: interest + fees (must be shown before you accept)
Verification checklist (Nigeria)
- FCCPC status: check the official list and match the exact company/app name. FCCPC status page.
- Company identity: look for a real business name + address + support channels (not just WhatsApp threats).
- Permissions: if it asks for Contacts/SMS/Call logs, that’s a red flag for harassment.
- Terms: confirm fees, penalties, and what happens if you pay late.
Red flags (be blunt)
- They threaten to message your contacts or already did.
- They hide fees until after you accept.
- No clear customer support; only random numbers calling you.
If you’re already being harassed
Document everything and use the complaint template. Don’t panic-pay without evidence.
- Download FCCPC complaint template (.DOC)
- Request a verification (tell us the app name)
Sources
- FCCPC: Digital lender status list (official)