Fido money lending app apk is a financial mobile app created to give out loans to Ghanaians. A lot of these people have died not knowing the whereabouts of their money, while some cannot pay for the loans they went in for due to high-interest rates. The majority of Ghanaians have lost their trust in going for loans because they cannot provide collaterals.
Acquire loans online using the Fido money lending app
Amidst this brokenness of heart, comes the introduction of mobile banking apps that do not require any collateral when purchasing a loan. MTN Qwikloan, Fido app, Carbon, or Pay later Ghana, Zidisha Loans are a few examples.
The article is to enlighten you on how you can apply for a loan using FIDO Money Lending App. First, take a look at what Fido is a financial institution based in Accra Ghana which brings unique technology to the financial world.
It allows customers to access fast and easy short term loans, straight from their mobile devices, and also receive a credit decision within minutes. These loans are for financial emergencies like medical bills, car repairs, school fees.
Now to apply for the loan:
-Download the fido lending money apk from Google PlayStore.
–Apply for the loan by filling the application form
-Get verified and receive your money
The interest rate is displayed in the app before applying. Applicants who are able to return their loans on time stand a chance of getting better interest rates on future loans.
The following are some required information one must possess in order to qualify for a FIDO Loan
–Valid ID Card (Driver’s License, Voter’s ID, Passport, National ID and NHIA Membership card)
–Mobile money account (MTN Mobile Money, Tigo Cash, and Airtel Money registered in your name for at least two months).
– Bank account (Original bank statement for a valid deposit account with a commercial bank in Ghana)
If you are a first-time borrower, you have a maximum of GHS 200 to be paid within ten to thirty-three days. Note that the loan term will be selected in the app when applying.
One good thing is if you pay the loan on time, you get a higher amount and reduced interest as you go higher to a maximum of GHS 1000.
What if you want to repay your FIDO loan?
–To pay with cash, visit Zenith Bank Branch and deposit to FIDO’s account. Use your Client ID for payment Bank: Zenith Bank
-To pay with money from your MTN Mobile Money Wallet, dial *170#, select pay bill, select general payment, enter payment code (Fido), enter the amount, enter reference then enter the pin code.
–For those who use Tigo cash be sure that the money is from your wallet. Dial *501#, select pay bill, choose investment and loans, select FIDO from the list, then enter the amount, reference and pin.