In the fast-growing financial technology sector in Nigeria, FairMoney has emerged as a popular digital lending platform offering quick and unsecured loans to users through its mobile app. Designed to meet the financial needs of individuals who may not have access to traditional banking services, FairMoney offers users access to personal loans, bill payments, and more. One of the exciting features of FairMoney is its referral program, which allows users to earn rewards by inviting friends and family to the platform using a unique FairMoney referral code.
This article explores everything you need to know about the FairMoney referral code—how it works, how to get one, and how you can earn rewards by sharing it with others. We will also provide an overview of FairMoney’s loan offerings and why it is one of the best digital loan platforms in Nigeria.
What Is FairMoney?
FairMoney is a digital banking platform that offers users quick access to loans without the need for collateral or lengthy paperwork. Founded in 2017, FairMoney has rapidly grown in popularity due to its fast and easy-to-use service, making it a go-to option for many Nigerians looking for financial support. The app allows users to:
- Apply for personal loans of varying amounts
- Pay bills and recharge airtime
- Make utility payments such as electricity and water bills
- Transfer funds
FairMoney uses advanced algorithms to assess creditworthiness by analyzing the borrower’s financial behavior, such as mobile phone usage, bank transaction history, and other digital footprints. This means users with no formal credit history can still access loans.
What Is a FairMoney Referral Code?
A FairMoney referral code 9QWV7 is a unique code given to FairMoney users, allowing them to invite friends and family to sign up for the app. When someone registers on FairMoney using the referral code, both the referrer (the person who shared the code) and the referee (the person who signed up with the code) can earn rewards.
These rewards can range from cashback offers, free airtime, or even lower interest rates on loans. By sharing your referral code with others, you can increase your chances of earning bonuses, while helping others gain access to FairMoney’s financial services.
How to Get a FairMoney Referral Code
Getting your FairMoney referral code is easy. Once you’ve signed up and created an account on the FairMoney app, you can access your unique referral code in just a few simple steps:
- Download and Install the FairMoney App: First, ensure that you have the FairMoney app installed on your mobile phone. It is available on both Android and iOS platforms. You can download it from the Google Play Store or Apple App Store.
- Create Your FairMoney Account: If you haven’t already, register for a FairMoney account by providing your phone number, name, and other relevant details. You may also need to verify your identity through your Bank Verification Number (BVN).
- Access Your Referral Code: Once your account is set up, open the FairMoney app and navigate to the menu or settings section. Look for the “Refer & Earn” or “Invite Friends” option. This will display your unique FairMoney referral code.
- Share the Code with Friends: You can share your FairMoney referral code via social media, SMS, or email with friends, family, or anyone interested in using the platform. When they sign up using your code, both you and the new user will earn rewards.
How the FairMoney Referral Program Works
The referral program works as a win-win for both the referrer and the new user. Here’s a breakdown of how it works:
- For the Referrer: As a FairMoney user, when you refer someone using your referral code and they successfully sign up and use the app, you will receive a reward. The reward may be in the form of airtime, cashback, or lower interest rates on future loans. You can refer as many people as possible to increase your rewards.
- For the Referee (New User): The person using the referral code to sign up on FairMoney also benefits. They may receive discounted loan interest rates, bonus airtime, or other promotional offers depending on the current referral promotion. This encourages new users to complete the registration process and start using FairMoney’s services.
How to Use a FairMoney Referral Code as a New User
If you are a new user looking to sign up on FairMoney, using a referral code can give you added benefits. Here’s how to use a FairMoney referral code during the sign-up process:
- Download and Install the FairMoney App: Start by downloading the FairMoney app from your mobile device’s app store. The app is available for both Android and iOS users.
- Register on FairMoney: Open the app and follow the instructions to create your FairMoney account. Enter your name, phone number, and any other required details.
- Enter the Referral Code: During the sign-up process, you will be prompted to enter a referral code. This is where you input the unique referral code shared with you by the referrer.
- Complete Your Profile: Finish setting up your account by verifying your identity and providing any necessary information like your BVN. Once your account is complete, you can start using FairMoney’s services.
- Claim Your Reward: After signing up with the referral code, you will receive your welcome reward, which could include lower loan interest rates, free airtime, or cashback, depending on the current promotion.
Why Use FairMoney?
FairMoney stands out in Nigeria’s fintech space due to several key benefits. Here’s why millions of Nigerians are using FairMoney for their financial needs:
- Quick Loan Approvals: FairMoney provides instant loan decisions, often within minutes of submitting your application. This makes it an excellent option for individuals who need fast cash for emergencies or personal needs.
- No Collateral Required: FairMoney offers unsecured loans, meaning you don’t need to provide any collateral to access credit. This is particularly beneficial for individuals who may not have valuable assets to pledge for a loan.
- Flexible Loan Terms: FairMoney provides flexible loan amounts and repayment terms, allowing users to choose the option that best fits their financial situation. Loan amounts typically range from ₦1,500 to ₦1,000,000, with repayment periods between 1 to 12 months.
- Digital-First Experience: FairMoney’s services are entirely digital, meaning you can apply for loans, pay bills, and manage your account all through the mobile app, without the need to visit a physical branch.
- Bill Payments and Airtime Recharges: In addition to loans, FairMoney allows users to pay utility bills such as electricity and water, as well as purchase airtime for mobile phones. This makes it a one-stop solution for managing your finances.
- Referral Program: The FairMoney referral program allows users to earn rewards by sharing the platform with others, creating an opportunity to make extra income while helping others gain access to credit and financial services.
Other Benefits of the FairMoney Referral Code Program
- Easy to Share: The referral code can be shared effortlessly via social media, text messages, or emails, making it convenient for users to invite others to the platform.
- Multiple Referrals Allowed: FairMoney encourages users to refer as many people as possible. There is no limit to the number of people you can invite, which means more opportunities to earn rewards.
- User-Friendly App: FairMoney’s mobile app is designed for ease of use, making the referral process simple and straightforward.
Conclusion
The FairMoney referral code 9QWV7 is an excellent way for users to earn rewards while sharing the benefits of a reliable digital lending platform with friends and family. Whether you’re looking for a quick personal loan or want to earn bonuses through referrals, FairMoney provides a seamless and rewarding experience. By using or sharing your referral code, you can unlock special rewards, including cashback, airtime, and lower loan interest rates.
If you’re already a FairMoney user, be sure to take advantage of the referral program and start sharing your unique code today. For new users, signing up with a referral code offers added benefits that can make your experience even more rewarding. With its fast loan approvals, no collateral requirements, and flexible repayment options, FairMoney is one of the best digital lending platforms available in Nigeria.
