How to Make Money with the FairMoney Referral Program (Even Without a Website)
There are many legit ways to earn free money online, and one of them is through referral programs. If you’ve heard of apps that pay you to refer friends, then you should know FairMoney is one of them—and it’s not just any app. FairMoney is one of Nigeria’s top loan platforms, and they offer a referral program that rewards users for inviting others to the app.
In this guide, I’ll explain how the FairMoney referral program works, how much you can earn, and how you can get started using just your smartphone and an internet connection—no website needed!
What is the FairMoney Referral Program?
The FairMoney referral program is similar to other affiliate or referral programs. The idea is simple: when you refer someone to download the FairMoney app and they successfully take a loan, you earn a reward.
However, instead of receiving cash directly to your bank account, FairMoney rewards you with a discount on your own loan repayment. So, if you currently have a loan with them, referring others helps you pay back less.
How Does the Reward Work?
Here’s how the FairMoney referral reward works:
- For each person you refer who signs up and takes a loan, you get ₦500 off your own loan.
- The more people you refer, the more discount you get on your loan.
Example:
If you refer 5 people and each one takes a loan, that’s ₦500 x 5 = ₦2,500 discount. So, if you had a loan of ₦10,000, you’ll only have to pay back ₦7,500.
While ₦500 per referral may not sound like a lot, it adds up quickly—refer 20 people and your ₦10,000 loan is essentially covered.
How Much Does FairMoney Pay Per Referral?
FairMoney pays ₦500 per successful referral, but it’s not paid in cash. Instead, it’s deducted from the total amount you’re supposed to repay on your loan.
You only earn this reward if:
- The person signs up using your referral code or link.
- They successfully take a loan.
How to Get Your FairMoney Referral Code
Getting your referral code is easy. Just follow these steps:
- Open the FairMoney app and log in.
- Tap “Invite Friends” at the bottom of the screen.
- Click “Share” to copy or send your referral code via WhatsApp, Facebook, or SMS.
- Send your code to friends, family, or colleagues.
When they download the app and enter your code (or it fills in automatically), you’ll get rewarded once they take a loan.
Do You Need to Be a Customer to Refer Others?
Yes. You need to have an account on the FairMoney app before you can access your referral code. If you don’t have an account yet, just download the app, sign up, and you’re good to go.
Is FairMoney Legit?
Absolutely. FairMoney is one of the most trusted and reliable loan apps in Nigeria. It has been around for years and now operates more like a digital bank. You can get personal and business loans from ₦1,000 up to ₦2 million.
It’s licensed and regulated, so unlike some shady apps, FairMoney won’t send embarrassing messages to your contacts if you default.
What is a Referral Code?
A referral code is a unique code or link assigned to you when you join a program. It helps track who invited who. When someone uses your code to sign up, the system recognizes you as the referrer and rewards you.
In Summary
The FairMoney referral program is a smart way to reduce your loan repayment. By simply inviting friends and family to use the app, you can get ₦500 off your loan for each person who takes a loan.
Key Takeaways:
- You must be a FairMoney user to get a referral code.
- You earn ₦500 per referral (as a discount, not cash).
- The more people you refer, the less you repay.
- It’s legit, easy, and can be done with just your phone.
So if you’re already using FairMoney or planning to, take advantage of the referral program and save money while helping others access quick loans.