Fido loan requirements shows that You need to submit your selfie, Ghana Card, and address to confirm your identity and where you live. The selfie helps Fido match your face with your Ghana Card, ensuring that no one else is using your information.
Introduction
Fido Loan App is the number one instant loan app in Ghana. It is licensed by the Bank of Ghana and is trusted by many happy customers. Fido makes it easy for people to get loans quickly without any hassle.
With Fido, you can apply for a loan from your home, anytime you want. There is no need to go to a bank or wait in long lines. The application process is very simple.
After you apply, you usually get a decision within minutes. This fast service is perfect for anyone who needs money quickly.
One of the best things about them is that it is very clear about costs. All fees are shown in the app, so you know exactly how much you will pay.
There are no hidden fees, which makes it easy to understand what you owe. This honesty helps build trust with customers.
You do not need to worry about paperwork or having a guarantor when using them. There is no need to put up any collateral, which means you don’t have to risk any of your property to get a loan.
This makes it much easier for more people to get the help they need.
Once your loan is approved, the money is sent to you right away. This instant disbursement is helpful, especially in emergencies when you need cash fast.
they has a maximum Annual Percentage Rate (APR) of 70% for the highest loan amount. This is based on an interest rate of 0.299% per day, which is competitive in the market.
it is a great option for anyone looking for quick financial help. Whether you need to pay bills, cover unexpected expenses, or buy something important, Fido can assist you.
The app is designed to make borrowing easy and accessible for everyone.
In summary, the App offers a simple and fast way to get loans in Ghana. With no need for collateral, no hidden fees, and instant money transfer, it has become a trusted choice for many people. If you are looking for a quick loan, Fido is a reliable option that you can count on.
History and overview
Fido Loan App is a leading instant loan service in Ghana. The company is led by CEO Alon Eitan, with Nadav Topolski as Co-Founder and Chairman, Kelvin Abdallah as CFO, Guy Shaked as CTO, and Sebastian Quansah as VP of Operations. This strong team works hard to provide easy and safe financial help to customers.
Fido is licensed by the Bank of Ghana and certified by the Data Protection Commission of Ghana. This means it follows strict rules to keep your information safe and secure. Fido is known for being reliable and providing quick service to its users.
The app is designed to be user-friendly, making it simple for anyone to apply for a loan. You can download the app from the Play Store for Android or the App Store for iPhone, so it is available to many people in Ghana.
Repaying loans is easy too. Users can simply use the official short code 998# to pay back their loans without any trouble. This feature helps customers manage their repayments easily.
it has helped many people in Ghana get the money they need quickly and without stress. With a focus on customer satisfaction and safety, it continues to grow and improve its services.
Overall, it is a trusted option for anyone looking for instant loans in Ghana, making it easier for people to handle their financial needs
Requirements
Valid Ghana ID
A valid Ghana Card is required as it’s the official national identification card in Ghana. It helps Fido verify your identity and ensures that you are who you say you are.
This step is important for security and helps prevent fraud, making the loan process safer for both you and the company.
Mobile money wallet
You need to have an active mobile money wallet registered in your name because Fido will send the loan directly to this wallet once your application is approved.
It also makes it easier for you to repay the loan since the app can directly debit or credit your mobile money account, ensuring smooth and quick transactions.
Citizenship
You must be a Ghanaian living in Ghana because the Fido Loan App is only available for residents of Ghana. This requirement ensures that the service is used by people who are legally eligible and have a verifiable presence in the country. It also helps Fido comply with local regulations and offer better support to its customers.
Age limit
You must be at least 18 years old because this is the legal age to enter into a financial agreement in Ghana. It ensures that you are legally capable of understanding and committing to the loan terms and responsibilities. This requirement protects both you and Fido by ensuring the loan agreement is valid and enforceable.
Selfie and address
You need to submit your selfie, Ghana Card, and address to confirm your identity and where you live. The selfie helps Fido match your face with your Ghana Card, ensuring that no one else is using your information.
Providing your address helps verify that you are a genuine resident of Ghana. These steps make the loan process more secure and protect you from identity fraud.
Question
You’ll need to answer a few questions to unlock Fido’s loan services. These questions help Fido understand your financial habits, spending behavior, and overall creditworthiness.
The better you score on these questions, the lower your interest rate will be. This system rewards responsible borrowers by offering them lower costs, making it more affordable to access the loan.