Fido is an Android application which allows you to apply for a loan and receive large amounts without collateral and guarantors. There is an option to complete the request and get approved within 15 minutes.
Filing an application
First, it is necessary to register in order to begin the acquisition process. You also need to verify your details, provide an address and link a valid Ghana card. You should be at least 18 years of age to apply. It is possible to receive a loan instantly to your Mobile Money account after approval. It is worth noting that the minimum repayment period is 90 days and the maximum is 180.
Furthermore, the interest rate and the total amount due are reflected in the application, thus avoiding hidden fees. Just like Tloan, there is an option to increase your available credit every time you deposit money on schedule. Please note that the higher your rating, the lower the interest rate. Fido is developed for Africans.
You do not need to pay any agents as Fido is a completely mobile app. Moreover, it is not recommended to use other people’s cards and payment numbers that do not belong to you.
You can choose the terms of repayment and the number of payments, depending on what suits you. It is possible to get access to great deals. Fido is created to help entrepreneurs and individuals with their business and daily activities.
- there is an option to issue loans without collateral and guarantors;
- you can see transparent payments with no hidden fees;
- it is possible to improve your rating;
- compatible with current Android versions;
- free to download and use.