Fido Loan Code, App Download, & How to Apply in Minutes

If you want to know about the Fido loan code, and their loan app or want to learn how to apply for Fido loans, you have landed on the right page! This article discusses everything you need to know about Fido Loan including how to apply, pay back, and their loan code. So, continue reading if this is what you are looking for!

About Fido Loan

Fido Loan is one of the leading digital lending platforms in Ghana. This loan app was established in 2013 with Nadav Topolski as the Co-founder and president and Alon Eitan as the CEO.

Since its inception, this platform has worked itself to the limelight and currently covers a wide range of users. They have over 450 thousand customers and have disbursed over 2 million loans. Their mission is to empower individuals and entrepreneurs to capture opportunities in Africa.

The company is currently licensed by the Bank of Ghana, the Bank of Uganda, and the National Credit Regulator (South Africa).

With Fido Loan, users can borrow up to GHS4,000 which can be paid back within 6 months. One good feature of Fido is that they divide their loan repayment into small equal amounts. This means that instead of repaying your entire loan at once, you have the grace to pay a small part of the loan every month over the duration you have chosen.

Their platform is easy to go and convenient, allowing users to navigate and carry out their financial transactions without stress.

Also, Fido Loan offers a seamless experience to their financial services. You can have access to your loan in minutes and at any time. No collateral, guarantor, or any phone of documentation.

Additionally, Fido allows users to save and earn more on their platform. All you have to do is navigate to the savings section, choose the savings plan that is best for you, and start enjoying your returns.

Fido Loan Eligibility Requirement

Below are the eligibility requirements to borrow to borrow money from Fido Loan:

• You must be a Citizen or resident of Ghana.
• You must provide a means of identification, be it a voter’s ID, driver’s license, Ghana card, biometric passport, or International Passport.
• You must provide your street address or landmark description.
• You must be 18 years and above.
• You must have a smartphone with an internet connection.
• You must have a mobile money account (MTN needs to be at least 2 months old).

Fido Loan Interest Rate

Fido Loan offers a competitive interest rate. Their interest rate is 14% for 30 days.

Also Check: How to Borrow Money From Opay (Opay Loan)

How to Apply For Fido Foan

To apply for Fido loans, follow the steps below:

Step 1: Download the Fido app.

To access Fido loans, you must, first of all, download their app. Kindly visit your store, search for the app, and install it. The app is available on both Google Play Store and App Store.

Step 2: Create your account

After downloading the app, launch it and begin your registration process. You will be required to provide your phone number. Ensure the phone number is active as you will receive an OTP code to insert and continue the registration.

Step 3: Create your 4-digit pin

On the next page. You will be required to set your 4-digit PIN. Note that this will be the code you will be using to log in and carry out your financial transactions on the app. Do not reveal it to anyone.

Step 4: Provide your means of identification

You will be required to provide your means of identification at this stage. This includes your Ghana card or any of the means of identification we mentioned above.

Note that Fido promised to safeguard the security and confidentiality of the information you shared. To secure their platform, they use top-notch security standards to ensure your information is safe.

Step 5: Check your Fido scores.

To access loans on Fido, you will be required to complete your Fido score assessment. In case you don’t know, Fido uses this method as a means to analyze the best loan amount for their users. The higher the Fida score, the larger the loan amount and other benefits, and vice versa.

The system usually employs various means such as credit score, financial history, income level, and creditworthiness to analyze its scores. You can also improve your Fido score by providing additional financial, and personal information and verifying your email address.

Step 6: Get your loan.

Congratulations! You can now apply for your loan. The system will review your loan application in a few minutes, and if approved will be deposited in your account.

Fido Loan Code

The Fido loan code is *998#. With this code, you can repay your Fido Credit, top-up airtime, buy data bundles, pay bills (such as electricity, water, DSTV, StarTimes, or Go TV bills), and perform other account services.

How to Get Fido Loan Without the App

Currently, Fido is yet to provide an option for users to access loans without their app. So, if you want to apply for Fido loans, head over to your Play Store or App Store, download the app, and follow the steps we highlight above.

How to Get Fido Loan on iPhone

To get a Fido Loan on iPhone, follow the steps below:

1. Visit the App Store and download the Fido app.
2. Create your account
3. Create your 4-digit pin
4. Provide your means of identification
5. Check your Fido scores
6. And finally, apply for your loan.

How to Pay Fido Loan With MTN Mobile Money

The MTN short code for Fido Loan is *170#. It’s different from the general Fido loan code (*998#).

To repay your Fido loan with MTN mobile money, follow the steps below:

1. Dial *170#
2. A prompt will be open for you. Press 2 (MoMoPay & Pay Bill
3. Press 2 (Pay Bill)
4. Press 5 (General Payment)
5. Enter payment payment code: fido
6. Enter amount
7. Enter Reference (Your client ID)
8. Enter your PIN code
9. At this stage, you will get a confirmation message stating that you have successfully paid.

Short Code For Fido Loan on Vodafone

Repaying your Fido loan can done conveniently as the company has provided its users with several ways to achieve it and in their comfort zone.

In 2021, Fido stated that new Vodafone Users could repay their Fido loans using this short code *110#. To achieve this, follow the steps below:

1. Dial *110#
2. Select the Payment option
3. On the next screen, select the Other Payment option
4. Enter Short Code: 633000
5. Enter Bill Number: (your client ID)
6. At this stage, enter the amount you want to pay.
7. Finally, enter your 4-digit PIN code to confirm the transaction.

FAQs

How much does Fido give on the first loan?

The amount of money Fido gives on the first loan depends on your Fido scores. The higher the Fida score, the larger the loan amount and other benefits, and vice versa.

Just as we previously stated, Fido usually employs various means such as credit score, financial history, income level, and creditworthiness to analyze its scores. You can also improve your Fido score by providing additional financial, and personal information and verifying your email address.

What is the Fido code?

The general Fido code is *998#.

What is the maximum loan from Fido?

The maximum amount you can borrow from Fido is GHS4,000.

How can I pay my Fido loan without the app?

You can pay your Fido loan without the app using the Fido loan code, *998#. Simply dial the code and follow the prompt. If you want to repay With MTN Mobile Money, dial *170#. To repay using the Vodafone short code, dial *110#.

Round Up

Thanks for following up on this article to the end! We believe that, whether you are looking for the Fido loan code, their app download, or how to apply for their loans or repay, this article has provided a solution.

Don’t forget to use the comment section below if you have a question or anything to say concerning this article.

Source: InstantMoni.com.