FairMoney, a leading microfinance bank in Nigeria, has introduced FlexiCredit, a premium credit line offering eligible users up to ₦5,000,000 accessible anytime through a single app.

Designed for speed and simplicity, FlexiCredit charges interest only on the amount used at a rate of 0.25% per day. For example, withdrawing ₦200,000 from a ₦1,000,000 limit for 10 days incurs just ₦5,000 interest. When unused, no fees apply.

Margaret Banasko, Head of Marketing at FairMoney, said, “FlexiCredit is for the modern Nigerian professional who values speed, clarity, and control. Once you pay your minimum due, access is instantly restored.”

Eligible applicants must be salaried employees earning at least ₦250,000 per month, maintain a good credit score, and complete Level Two KYC on the app. Income verification is instant and secure.

Repayment is flexible, with clear monthly dues displayed in the app. Users can pay the minimum due to restore access or full repayment to refresh the credit limit.

FlexiCredit is aimed at professionals seeking fast, reliable credit for urgent needs, lifestyle improvements, or business opportunities, offering convenience, transparency, and financial empowerment.