FairMoney Microfinance Bank has launched FlexiCredit.
This is a premium credit line designed to give eligible Nigerian professionals instant access to up to ₦5 million whenever needed.
With just one application, approved users receive a lifetime credit limit that can be accessed at any time via the FairMoney app.
Also, interest is charged only on the amount used at 0.25% per day, with no hidden fees.
For instance, withdrawing ₦200,000 from a ₦1,000,000 limit for ten days attracts only ₦5,000 interest.
FlexiCredit aims to solve the delays many professionals face with traditional lenders—such as long approval processes, paperwork, collateral demands, and rigid repayment systems.
The new product provides a fast, flexible option for urgent expenses, lifestyle needs, and business opportunities.
Speaking on the launch, Margaret Banasko, FairMoney’s Head of Marketing, said FlexiCredit was created for the “modern Nigerian professional who values speed, clarity, and control.”
Also, she added that once users repay their minimum due, access to their limit is immediately restored.
Salary account verification is processed securely in line with NDPR and CBN data protection guidelines.
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Approved users have 14 days to activate the credit line, and must make their first withdrawal within 60 days to keep it active.
