🇺🇬 FairCredit Loan App [2023]- How To Apply, Repay, Interest rate, Contacts.


FairCredit loans are online loans available to Ugandan citizens via the Playstore. The loan app was first released in the playstore on September 2022 and has since garnered 500K+ downloads with a 4.0/5 star rating and 6K+ reviews.

Pros: FairCredit app is considered small in size with about 12MB and is regularly updated for efficiency.

Cons: FairCredit app requests for access to some of your personal phone information.

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FairCredit Loan Requirements/Eligibility Criteria

FairCredit loans are accessible to citizens of Uganda of between the ages of 20-60 years with an active phone number linked to a mobile money account.

FairCredit Loan Registration & Application

Registration is as simple as downloading the FairCredit app from the playstore, entering your phone number to receive OTP, granting the app permission access to your phone data then filling in the required sections within the app.

Once done, you can proceed to make the loan application.

Pros: FairCredit loans registration process if fairly simple and straightforward

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FairCredit Loan Amount Limits

FairCredit loan amounts range from a minimum of UGX80,000 to a maximum of UGX700,000.

Pros: FairCredit loans have quick loan processing and disbursement times of less than 5 minutes

Cons 1: The loan amount received is less compared to the approved loan amount since the service fee charge is deducted prior to disbursement. e.g If you qualify for a loan of UGX30,000, you will receive UGX24,000 and repay around UGX36,000

Cons 2: The displayed qualified loan amount may be less than the actual assigned loan limit

FairCredit Loan Interest Rate

The loans attract an interest rate of upto 30%

Cons 1: This interest is considered very high in comparison to other digital lenders

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FairCredit Loan Repayment Duration

The loans provided are to be repaid within eight (8) days

Cons 1: Incessant calls and SMS from different phone numbers before the actual loan due date.

Cons 2: Very rude and abusive collection agents.

Cons 3: No grace period offered even in genuine financial crisis concerns

Cons 4: Overdue loans may result to debt shaming by contacting a borrower’s phone book contacts.

Cons 5: At times, there may be system downtime that may result in inconveniences when making repayments or delay in updating payments.

FairCredit Contacts

Bypass Road, Kampala
Email: help@faircredit.tech
Tel: (256) 762 051 670

Note: The Pros & Cons provided in this review have been generated from actual playstore reviews and personal experiences from a section of our readers. We are neither associated with the loan provider nor aim to discredit it. Discretion to use/shun the app is left entirely to the borrower. Remember, Borrow Responsibly!


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