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FM
FairMoney
Instant ApprovalMonthly payment₦9,500
1% Cashback on 1st Repayment
CompareInterest Rate2.1%/mo
Processing Fee1.5% Mgt Fee
Max Loan₦3,000,000
ApprovalInstant
Editorial score4.5/5.0
Pricing breakdown
Base premium₦9,500
Admin fee₦1,500
VAT (7.5%)₦900
Stamp duty₦200
Total (first month)₦9,500
Pros & Cons
What we like
- Competitive pricing
- Fast claims processing
- Excellent customer support
- Nationwide coverage
- Digital policy documents
Watch out for
- No 24/7 phone support
- Limited customisation options
- Processing fee on claims
