In recent times, there are so many ways you can get money or obtain loans online. Some are credible lenders while some do not operate legally. In order not to get yourself into more trouble it is better to go for the credible ones. That is why in this article today I will introduce you to the best loan service on the internet. This service is known as Fido Loans from the Fido Money Lending company.
Fido Money Lending is a popular and well-known financial institution in the Republic of Ghana, Accra. It offers short-term and fast loans to citizens of Ghana, which is known as Fido Loans. They offer their services through mobile applications. In other words, you can apply for Fido loans on the mobile app and get the loan approved on your phone in just a few minutes.
The loans are available to contracted workers, salaried, and also the self-employed. Therefore, if you need money for your business today, you can apply for a loan through your mobile device. However, once you borrow money from this lender you must repay the money at the given time. The reason is that credit bureaus are always watching your financial steps.
Also, with a good payment attitude, you will be able to get a better and higher loan in the future. Fido does not require guarantors or collateral before you can apply for the loans. The loan is only available for urgent cash needs and not for the long term.
Fido Loans App
Fido loans offer the most convenient loan with the help of the Fido money app. Because the app enables you to apply for a quick loan with your mobile device anytime anywhere. With the help of the application, your loan application process will be very easy and quick.
When it comes to borrowing loans in your comfort zone Fido Money app is absolutely the best. The application is available on the Google Play store for you to download. It is also free to download.
How to Download Fido App
Downloading the Fido App is pretty easy. The app is available on both Google play store and the App store. So regardless of your preferred device, you would still be able to process the app download. However, downloading the fido app on your device is very easy and is still the same as downloading other apps you install on your device to use. But if you are finding it difficult to download the fido app, here are simple steps on how to go about that below;
- Open your device app store
- Locate the Fido app using the store’s search engine
- Click on the app from the search result
- Tap on the install button to download the app on your device.
Once the app has been installed, you can now launch the app and use it on your device. You can now join other users of the Fido loans app to take loans online and do other things the app enables you to do. But before this app can be used after download, you would be required to create an account. How to go about that? See the simple steps below.
Fido Loans Sign Up
As mentioned above, fido money lending is a platform that offers loans online. The loan service compared to so many other loan services online enables you to collect loans anytime you want. And it also offers about 14% interest rates for your first 30 days as a new user. But before you can enjoy this, creating an account is very important. How do you go about that? Here are simple steps you can follow below;
- Open the downloaded app
- on the login page, locate and click on the “new to my account? register” link
- Then you would be redirected to another page where you would have to select the type of account you would love to create
- After selecting you should provide the required information to sign up for an account
After that, follow other onscreen steps given to you to complete your sign-up. While signing up, you must have noticed that there are two different types of accounts you can register for. Which are the “Account Holder Fido Account and Account Member Fido Account. You can choose which you would like to register.
However, if you are choosing the Fido Account Holder, it means you are creating an account for yourself. And most of the information that would be required of you would be your personal info. While if you are creating the other type of account which is the member account, it means you are registering as a member of an account already owned by someone else. But regardless of the type of account, the steps are similar. It’s just the required information that might be different.
Fido Loans Sign in
After creating an account, the next thing to do is to sign in. The fido loan sign-in is an important step you should take in order to access your account after creating one. However, compared to the sign-up, the sign-in is easier and even requires fewer details. And it is also after the sign in you can get access to all the unique benefits fido loans have to offer. Curious about the sign-in steps? See them below;
- Open the fido app
- You would be taken directly to the login page
- Enter your username, email, or group ID
- After that enter your password
- Then click on the sign-in button.
After you must have done that, you would be directed to your account. Problem signing in? That could be due to the provision of the wrong login details. If you have forgotten your password or username, that can be resolved. All you just need to do is click on the forgot username or password link, provide all the required details and reset or recover your details. Then you can now use the new password or your recovered username to sign in to your account.
How to Apply For Fido Loans
Just like I have mentioned above, to apply for a loan the application process is very easy. Follow the below process to apply quickly;
- Go through the Fido loan app download process
- Open the app after installing
- Fill the loan application form with the required information
- Click on the apply option once you are done.
If you are eligible, you will get the loan instantly. Once you get the loan, make sure you repay at the given time and be eligible for a bigger amount for your next loan.
What are the Interest Rates on Fido Loans?
Fido offers its customers interest rates that start at 14% for 30 days. The interest amount is displayed clearly on the app before applying. However, note that good customers with an excellent history of paying loans early get better interest on future loans. Meanwhile, the lowest interest rate on Fido loans is 8 percent for a month.
What are the Requirements to Apply for Fido Loans?
Just like every other financial institution, to apply for loans from Fido, there are certain requirements you must meet. Below are the requirements for the loan;
- A legit ID card such as National Passport, Voter’s ID, National ID, or NHIA membership ID.
- Mobile money or Bank account
- You must be officially 18 years of age or above
- You must be a resident or citizen of Ghana
- The mobile app
Once you meet these requirements, you can download the Fido app and apply for a loan. The application is very easy and at the same time straightforward.
How Long Does it Take to Approve Fido Loans?
After submitting the Fido loan application form, a decision will show on your screen immediately. However, note that the app tests every loan application and reserves the right to reject some. Also, note that they don’t reserve their decision and only recommend for you apply after 2 weeks.
Make sure you approve the loan agreement on the app. Because if you don’t, your loan might not get approved. This helps to complete all the processes. Meanwhile, they will also instruct you to visit any of their local branches for processing. It is also part of the approval process so make sure you go.