Adekoya Adeniyi N. explains how to get free money on the FairMoney app.

23.03.2022.

FairMoney is a Fintech app that allows users to send and receive money, buy airtime, pay bills such as energy and TV subscriptions, and apply for loans.
The FairMoney app is one of the few banking/fintech apps that offers both free interbank transfers and no-collateral loans.
Users can borrow loans between N1,500 and N1,000,000 via the app, with repayment terms ranging from 15 to 18 months and monthly interest rates ranging from 2.5 to 30%.
Now that we've covered the basics of FairMoney, let's look at how you may earn money for free using this program. FairMoney is up and functioning right now.
FairMoney is now running a promotion that offers new users a free N1,000 sign-up incentive and existing users a free N2,000 referral cashback bonus for referring a new user to the app.
The following is how it works:
To get your free N1,000 account opening bonus as a new user (i.e. someone who merely wants to sign up for an account on the app), you must do the following:

1) Go to https://fairmoney.app.link/referral?referral code=T83Z2 and download the app.

2) On the signup page, enter the referral code T83Z2. To receive an OTP for account creation, sign up with your BVN registered phone number.

3) Provide all necessary/requested information about yourself, such as your profile information, employment information, BVN, bank account information, and so on.
There is no need to be concerned because the CBN has sought this vital KYC (Know-Your-Customer) information from all fintech companies operating in Nigeria.

4) Select Get a Loan from the drop-down menu, apply for a loan of any amount (I recommend N1,500), and choose a 15-day repayment period. No interest will be charged on your loan if you choose the 15-day repayment period.
The loan would be deposited into your Fairmoney wallet right away. Simply use the funds to pay off the borrowed debt on the app.
After completing the above-mentioned steps and receiving the loan, voilà! Simply wait up to 7 days to receive your free N1000 bonus in your FairMoney wallet, which you can then transfer to any other bank in Nigeria (REMEMBER TO INPUT THE REFERRAL CODE DURING REGISTRATION TO GET YOUR BONUS).
Now, let's talk about the N2,000 cash back referral bonus for existing users:
As a previous user of the app or someone who has recently opened a FairMoney account, the current promotion allows you to earn N1,500 for each person who signs up using your referral code and takes a loan through the app. All you have to do is share your code with others and have them follow the highlighted steps above to create an account and apply for a loan as a new user.
Simply follow the steps below to obtain/copy your invite code from the app:
1) Locate and tap on the Account icon, which is located beneath the interface of the app. 
2) Choose INVITE FRIENDS. Then you'll see your invite link, which you can share via WhatsApp, SMS, IG message, or copy to clipboard. Take note that the last five digits of your invite Link, just like mine here (T83Z2), is your referral code, which you can write down somewhere and share with others.
The N2,000 cash back referral bonus is distributed in two installments. First, once your referral successfully signs up and is offered a loan through the app, you will receive an instant N500 coupon/loan discount. This N500 coupon can be accumulated in order to obtain loans through the app without having to pay anything back (all for free).
The remaining N1,500 bonus, which is the main referral promo bonus, will be paid directly into your wallet within the maximum of 7 days.
It should be noted that this N1,500 bonus would be paid at the start of the following month, for example, all bonuses earned in March would be paid on April 1st
So, act quickly to claim your bonuses because it is unknown whether or not the promotion will be extended beyond this month.
My friend borrowed #100,000 from FairMoney after borrowing once before. As a result, the more debt you are able to pay off, the more money FairMoney will lend you.