₦airaland Forum

Yes a very smart one self

atoliman:
Yes a very smart one self

Pls check ur inbox

I'm using fairmoney fairlock too.
It's a good one.

Martdc:
I make 1.7m every 6 months using Fairlock

U invested over 5M if am correct

Khyrvxjzy:
put your money in commercial bank

it not save in fair money

Shey make we tell him??

Them go use hin money give out lowns wey people no go pay back.

toniotonero:
U invested over 5M if am correct

It’s 2.5m now. Fairmoney to the world. I will surely by some shares when their available

Martdc:
It’s 2.5m now. Fairmoney to the world. I will surely by some shares when their available

How much wy u stake to get 2.5M in 6 months??

Damian911:
Nothing bro
You see before taking such decision I already carried out multiple research. They're NDIC insured and licensed by the CBN.
Thanks for your concern though

Are they sec registered

madenigga2dcore:
Make una no do o... my 1million dey dere for 2 years

Heloo biss, pls can we talk , need your advise

Khyrvxjzy:
put your money in commercial bank

it not save in fair money

putting money in a comercial bank is a bad investment plaan. safe ? yes but roi? no. find a business to invest in or try piggyvest, cowrywise or even opay is more reliable than fairmoney

At Damian , How did it go, Hope you were able to get your principal

Did you get your principal. How was it poster

Op. Have you gotten your capital back?

How far? Have they paid those that invested let me know oo before investing. Thanks

Maya30:
How far? Have they paid those that invested let me know oo before investing. Thanks

Yes they always pay

toniotonero:
How much wy u stake to get 2.5M in 6 months??

He go be like 20m if in 6 months he dey earn like 2.5m



You earn quarter of your money in 12 months, half in 24months, quarters in 6months

Few things to note.

1. NDIC only insures customers funds up to N5m anything above N5m is not covered i.e if you have N50m in any bank insured by NDIC they will only pay N5m out of the N50m

2. FairMoney and the likes are safer than some commercial banks at the moment for some key reasons:
A. Single obligor limits i.e fairmoney unlike a commercial bank cannot/will not give a single customer or business a loan of N1bn therefore the possibility of them having a single loan that may affect them like a commercial bank is low
B. Higher interest on loans/deposit compared to commercial banks. It is funny how most people here keep nothing that FairMoney interest on deposit is too high compared to commercial banks without making any reference to loan interest between commercial banks and FairMoney.
FairMoney pays 25% per annum on deposit and charges an average of 15% monthly i.e 180% per annum on loans. Now do the maths and see if interest paid to you is too much.

3. Banks like FairMoney falls under fintech/digital banks. These set of banks are well know for low overhead cost compared to commercial banks due to the fact that although they operate nationally they are not required to have physical structure, building, or staff in every location.
This singular thing allows them to operate at a minimal cost compared to commercial banks. Remember the lower the cost of operation the more your net profit if you can sustain revenue.

In summary, please note that although most commercial banks have a bigger balance sheet compared to these fintech/digital banks but most of this digital banks/fintech are performing way more better than commercial banks percentage wise.

Damian911:
My body dey shake

😂😂😂😂😂😂

So fairmoney is safe ?