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Fair Credit is a loan platform that provides individuals with lending services in Nigeria. It offers loan services to people who are in need of financial support. The platform provides loans without collateral, making it easier for individuals to access loans.
To obtain a loan from Fair Credit, there are requirements that must be met. These requirements are necessary to ensure that the individual is eligible for the loan. This article will discuss the requirements for obtaining a loan from Fair Credit and how to apply for a loan on the platform.
Fair Credit Loan App Requirements
Fair Credit is a loan platform that offers loans to individuals and businesses in Nigeria. To apply for a loan, you must meet certain requirements. Here are the eligibility criteria, documentation, and credit score requirements for obtaining a loan from Fair Credit.
Eligibility Criteria
To apply for a loan from Fair Credit, you must meet the following eligibility criteria:
- You must be a Nigerian citizen or resident
- You must be at least 18 years of age
- You must have a valid bank account
- You must have a steady source of income
Documentation
To apply for a loan from Fair Credit, you will need to provide the following documentation:
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- A valid form of identification (e.g. national ID card, driver’s license, or international passport)
- Proof of address (e.g. utility bill or tenancy agreement)
- Bank statements for the past six months
- Proof of income (e.g. pay slips or tax returns)
Credit Score
Fair Credit does not require a minimum credit score to apply for a loan. However, your credit score will be considered when determining the interest rate and loan amount you are eligible for. If you have a poor credit score, you may still be eligible for a loan, but you may have to pay a higher interest rate.
How to Apply for Fair Credit Loan App
To apply for a loan on the Fair Credit app, follow the steps below:
Download and Install the App
The first step is to download and install the Fair Credit app from the Google Play Store. Once the app is downloaded, install it on your device.
Create an Account
After installing the app, create an account by providing your name, email address, and phone number. You will also be required to create a password for your account.
Fill in the Application Form
Once you have created an account, log in to the app and fill in the application form. The application form will require you to provide information such as your employment status, monthly income, and loan amount.
Submit the Application
After filling in the application form, submit it for review. The app will then process your application and determine whether you are eligible for a loan.
It is important to note that to be eligible for a loan on the Fair Credit app, you must meet certain requirements such as having a steady source of income and being a Nigerian citizen. Additionally, the app uses an artificial intelligence algorithm to determine loan eligibility, so it is important to provide accurate information in your application.
In conclusion, applying for a loan on the Fair Credit app is a straightforward process that can be completed in a few simple steps. By following the steps outlined above, you can apply for a loan on the app and get access to funds quickly and easily.
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