FairLend loan app is offered by FairLend. The FairLend loan app is available on the Google Playstore and is accessible to all citizens of Uganda and it has over 100K+ downloads in addition to a 4.6/5 star rating with 600+ reviews.
FAIRLEND LOAN REQUIREMENTS/ELIGIBILITY
Fairlend is available to all Ugandan citizens aged between 20-60 years with a bank verification number (BVN) who are subscribed to MTN Airtel Glo and 9Mobile networks.
FAIRLEND LOAN REGISTRATION AND APPLICATION
Download and install the loan app available from the Playstore.
Grant the app permission access to your phone data including call logs, SMS, contacts, storage, gallery etc and complete the registration process.
FAIRLEND LOAN AMOUNT LIMITS
The loan amounts range from a minimum of UGX60,000 to a maximum of UGX500,000.
Note: Loans are approved and disbursed within minutes of application.
Note: 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 UGX110,000, you will receive UGX85,000
FAIRLEND LOAN INTEREST RATES
The loans attract an interest rate of upto 30%
Note: This interest is considered higher compared to other digital lenders.
FAIRLEND LOAN REPAYMENT DURATION
The loans provide a repayment duration option of 8 and 14 days whereby repayment is done through the app.
Note: Despite the actual respective loan due dates, debt recovery through constant calls & SMS is usually actualized 24-48hrs before the due date. Failure to make repayment on due date will result in a penalty fee of 2% per day as well as debt shaming by contacting a borrower’s phone book contacts.
Lugogo Business Centre, Lugogo By-Pass
Tel: (+256)770918880/ (+256)741242041