Fido Money Lending, in addition to the loans provided by various telecommunications companies, provides personal loans.
These loans are typically given to salaried, contract, or self-employed individuals. Keep in mind that you will need to perform a one-time identity verification using your ID card before the funds are released.
In addition, you must provide a mobile money account. Fido loans differ from other types of loans in that they do not require collateral or guarantors when applying for the loan.
This article will show you how to download and install the Fido Money Lending app on your smartphone.
About FIDO
FIDO Money Lending Limited (FIDO) is a Ghanaian financial institution based in Accra that is licensed by the Bank of Ghana. FIDO Money Lending Limited, as a financial institution, offers its customers quick loans and simple short-term loans known as FIDO Loans.
The applicant chooses flexible repayment terms that are payable in one or more installments based on eligibility. The loans are intended to provide working capital to microentrepreneurs in order for them to grow their businesses, rather than to service long-term debt obligations.
The highest annual percentage rate is 62%. (APR). This is based on a daily interest rate of 0.266%, which decreases with timely repayment. The processing fee is GHS 17, and the commitment fee is deductible at GHS 1.4%.
About Fido App
The Fido App is only available on the Google Play Store and this means that you must be using an Android phone before you can successfully install the app. In case you are not an Android user, you must search for an Android phone if you want to have access to the loan.
How to Download FIDO App in Ghana
Downloading and installing the FIDO Money Lending app on your phone is not a difficult task and this can be accomplished with some minutes provided that you have a good internet connection. As mentioned earlier, the app is only available on the Google Play Store so if you are not an Android user, there is no way you can install the app. If you want to install the app on your phone, kindly do the following;
- Open the Google Play Store on your phone
- In the search bar, type Fido and the app will be displayed
- Click on the install button and wait for the app to be installed
- Once the app is installed, kindly go through the simple registration service that will enable you to become eligible for the loan.