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Fidelity Bank Fast Loans
Fast Loans
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We all need some extra cash every now and then to pay for an emergency need, school fees or a car purchase amongst others. We got you covered! Talk to us today about Fast Loans.
PayDay Loan
PayDay Loan is a short term loan designed to meet immediate need of a salary earner whose account is domiciled with Fidelity Bank. The loan which will be disbursed in less than 2 minutes can be accessed through the Fidelity Bank digital channels.
PAYDAY LOAN RISK ASSESSMENT AND ACCEPTANCE CRITERIA (RAAC)/ELIGIBILITY
PayDay Loan is a short term loan designed to meet immediate need of a salary earner whose account is domiciled with Fidelity Bank. The loan which will be disbursed in less than 2 minutes can be accessed through the Fidelity Bank digital channels.
PAYDAY LOAN RISK ASSESSMENT AND ACCEPTANCE CRITERIA (RAAC)/ELIGIBILITY
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- Must be a salary earner
- Salary must be domiciled with Fidelity Bank Plc
- Must have received at minimum, 3 consecutive month salary with Fidelity Bank Plc
- Must have a clean credit report
TERMS OF PAYDAY LOAN
- Loan Amount – Up to 50% of your net salary income with Fidelity Bank Plc
- Minimum Loan Amount – ₦10,000.00
- Maximum Loan Amount – ₦1,000,000.00
- Purpose – To serve as a bridging finance to meet immediate need
- Tenor – 30 days or next salary date (whichever is earlier)
- Interest and Fees – The interest rate for the facility is 2.95% (Subject to periodic reviews in line with prevailing market conditions)
- Default Rate – 1% flat monthly charge.
- Service Charge – ₦100
Kwikmoney
| Details | Kwikmoney |
|---|---|
| Interest | 15% flat (minimum) |
| Fee | None |
| Tenor | 14 days |
| Collateral | No |
| Eligibility | 1. Must have a bank account 2. Must recharge your phone 3. Phone must be registered with the bank |
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