Key Facts Statement

(THIS IS NOT AN OFFER OF CREDIT OR CONTRACT)

This Key Facts Statement (KFS) summarizes key information of the loan you are interested in and
can be used to compare offers across various credit providers

Disclosure Date: 2023-08-13

This is the date at which the information is correct. Note that the final loan features may differ
because of your personal financial position or due to a change in the information provided, including
interest rates, fees and charges.

Loan Offer Information:

Loan Amount: ₦ 30,000

Loan Tenure: 1 month(s)

Interest Rate: 30% per month (fixed)

Collateral: Debit-authorization on your account / debit card

Loan Offer Details:

Total Repayment Amount: ₦ 39,000

Loan Amount: ₦ 30,000

Total Interest (A): ₦ 9,000

Total interest you will pay across the tenure of the loan

Fees and Other charges (B): ₦ 0

Total other charges you will pay across the tenure of the loan

Total Cost of Credit (A+B): ₦ 9,000

Annual Percentage Rate (APR): 360 % per annum

This reflects the total cost of the credit on a yearly basis expressed as percentage, using the
information at the disclosure date. It is a useful tool for comparison with similar loans

Repayments:

Monthly Instalment Amount: ₦ 39,000

Date of First Instalment: 2023-09-13

Number of instalments: 1

28, Pade Odanye close, help@fairmoney.io +234 01 700 1276 www.fairmoney.io

off Adeniyi Jones, Ikeja,
Lagos.
Repayment Schedule

Note: The amount required to be paid (for each repayment and total) does not include fees which
are dependent on events that may not occur (for example, late payment fees, card payment charge)

Instalment Date of Instalment Outstanding

Principal Interest
Number Instalment Amount Principal
1 2023-09-13 39,000 30,000 9,000 0

Penalties and Additional Requirements

Late Payment: Failure to make repayments as at when due will attract a penalty fee of 1% per
month on unpaid amount in addition to charging current rate of interest. In case of 0% interest
rate, we apply 1% on unpaid amount on the first day after the loan was due.

Cooling Off Period: You may cancel your loan contract within 3 days after signing.

Variations: The interest rate, fees, and charges disclosed here may change, including during
your contract. We shall inform you of any change via the contact details shared by you during
registration (phone number, email ID)

If you have a complaint or a query, do not hesitate to contact us at

By email: help@fairmoney.io

By Call: 01 7001276 / 01 8885577

By visiting our website: https://www.fairmoney.ng/contact

If dissatisfied with the resolution of your complaint, you can escalate the complaint to the Consumer
Protection Department of the Central Bank of Nigeria by writing to the Director, Consumer
Protection Department, CBN, Abuja or send an email to: cpd@cbn.gov.ng.

28, Pade Odanye close, help@fairmoney.io +234 01 700 1276 www.fairmoney.io

off Adeniyi Jones, Ikeja,
Lagos.