Masters

• Timely
• Easy
• Safer
• Anytime, anywhere

• No application fees
• Zero security
• No guarantors
• No wahala!

Regarding the All of us

Fido Mini Borrowing (FIDO) try a financial institution situated in Accra, Ghana and you may licensed by Lender out-of Ghana. FIDO will bring quick and simple brief-identity financing, entitled FIDO Money. All of our customers can apply to possess a good FIDO Loan right from its individual smart phone and you will discovered a card decision within seconds. The borrowed funds is present so you’re able to musicians, mini enterpreneus and you may SMEs to expand its people. Merely a single-big date confirmation off ID and cellular money account will become necessary just before disbursement of the currency. No guarantee or guarantors are required.

Frequently asked questions

Is actually FIDO registered to incorporate loans within the Ghana? Sure. FIDO is actually registered from the Lender out of Ghana to provide funds. Which are the charge to use Fido? There are no Upfront Fees for using the latest FIDO cellular software otherwise making an application for an excellent FIDO Mortgage. I fees a handling commission which can be revealed towards buyers prior to acknowledging financing, and are also paid down merely when you get the currency, in the event the financing is due getting fees. What can I use the newest FIDO Financing to possess? People can use the newest loans to enhance the smaller businesses. Loans really should not be utilized for illegal situations Exactly what are the eligibility conditions? In order to be eligible for good FIDO Loan, you would like a legitimate ID and Cellular Money.

• ID Method of: Driver’s license, NHIA Subscription, Voter ID, National ID otherwise Passport
• Mobile Money account: MTN Cellular Money otherwise AirtelTigo Currency registered in your label to own no less than a few months.

You truly must be a resident into the Ghana more 18 several years of age. How much cash ‘s the interest rate? The eye costs for brand new consumers begin within fourteen% to have thirty day period, the eye amount is actually presented in the application before applying. Returning consumers which have an effective reputation for investing your own loans with Fido promptly advance interest to the upcoming financing, a decreased interest rate are 8% to have thirty day period. How much time will it attempt agree my demand? Within one time once submission, a credit decision might possibly be found on display screen.

FIDO application assesses for each loan application and set-aside the ability to refuse some software. The selection can not be reversed and now we can just only highly recommend your to make use of again shortly after 2 weeks. My personal demand is approved. Precisely what do I have to create 2nd? Please comprehend very carefully the fresh new information shown on the application in the event that financing could have been approved. The advice have a tendency https://www.paydayloanservice.net/title-loans-co/ to possibly let you know in order to agree the borrowed funds contract for the application doing the process, or go to a part to have handling. Delight see the Contact point to possess opening period and you can instructions so you’re able to all of our department. When and where will my FIDO Loan be paid? After totally finishing the process, the mortgage was given out instantaneously. We shall inform you by Texts of your own transfer. How can i pay the latest FIDO Financing? If the financing gets owed, you’re going to have to import the cash out of your handbag after the techniques less than. To pay that have cash, you can travel to one Zenith lender branch and you will put to help you FIDO’s membership. Ensure that you always use the client ID having percentage. What happens basically can not repay the fresh FIDO Mortgage towards the-go out? Excite e mail us that have one facts regarding the fresh cost away from your own FIDO Loan. Users could well be charged more penalties to have late payments. Fido supplies the legal right to just take one suit to recuperate a good costs and you can declaration outstanding borrowers towards the compatible organizations and/or government. What is the minute/max loan amount? First time borrowers meet the criteria having a maximum of 2 hundred GHC to-be paid back within 10 to 33 months. The loan title should be selected regarding the software whenever implementing.

Investing the loan punctually can get you a higher count and you will reduced attract since you go the new hierarchy around a restriction off 1000 GHS.