Best Loan App: FairMoney Loan Offered Me a Discount to Clear My Debt — Is It Real or a Trap?

If you’ve recently received a message from FairMoney Loan App saying:

“Dear Customer, You’re selected for a 35% discount! Pay N24,399.7 via app or https://app.fairmoney.com.ng/repay/, call us 07000362362,”

you’re not alone. Many Nigerians have been getting similar messages from loan apps promising “discounts” or “special repayment offers.” But before you rush to make that payment thinking you’re getting a huge relief, take a deep breath — because what looks like a “discount” might just be another repayment trap designed to get you to pay faster.

This article will explain what this FairMoney “discount” really means, why it’s not what it seems, and what you should do instead if you still owe FairMoney or any loan app.

The So-Called “Discount” Message Explained

The text message you received may look like this:

“Dear Customer, You’re selected for a 35% discount! Pay N24,399.7 via app or https://app.fairmoney.com.ng/repay/, call us 07000362362.”

At first glance, it sounds tempting — who wouldn’t want to clear their debt at a 35% discount? But here’s the truth: there is no real discount on FairMoney loans.

The message is simply a marketing trick to make you pay faster. FairMoney, like many loan apps in Nigeria, uses persuasive tactics to push customers who have defaulted or delayed repayment to make a payment.

The message gives you the impression that if you pay now, your loan will be completely cleared — but that’s not the case.

The Real Motive Behind the “Discount” Offer

FairMoney, like other digital lenders, thrives on interest and repayment rates. When borrowers delay repayment, it affects their internal credit recovery and business metrics. So, they create psychological triggers like:

• Fake “limited-time discounts”
• Personalized messages saying you were “selected”
• Friendly reminders disguised as special offers

These are meant to make you feel like you’re getting a once-in-a-lifetime offer, but in reality, it’s a bait to make you pay at least part of your outstanding loan.

Once you make the payment, the system automatically records it as a partial repayment, not full clearance. The remaining balance — along with interest — will still show on your FairMoney dashboard.

What Happens If You Pay the “Discounted” Amount

Let’s assume you owed FairMoney ₦35,000, and they send you a message telling you to pay ₦24,399.7 for a 35% discount.

Here’s what will happen:

1. You make the ₦24,399.7 payment.
2. The system records it as part payment.
3. Your loan balance reduces slightly, but it’s not cleared.
4. The remaining balance (₦10,600+) will still show on your dashboard.
5. You’ll continue to receive repayment reminders or even debt collection calls.

That’s why many users complain online that after paying a supposed “discount amount,” their loan still shows as unpaid.

In short: the loan app gets your money, but your debt remains.

Why FairMoney and Other Loan Apps Use “Discount” Tricks

Here are the real reasons behind such tactics:

1. To Recover Old Debts Quickly:
   Borrowers who have ignored reminders are more likely to pay if they think they’re getting a discount.
2. To Boost Cash Flow:
   Loan companies need constant repayment inflow to stay profitable. Fake discounts are an easy way to get people to pay.
3. To Avoid Reporting High Defaults:
   A small repayment from you makes their loan recovery statistics look better, even if you haven’t fully cleared the debt.
4. Psychological Pressure:
   Once you pay something, you’re emotionally committed to “finish what you started,” making you more likely to clear the remaining balance.

It’s a psychological game — and sadly, many borrowers fall for it.

The Truth: FairMoney Does Not Offer True Loan Discounts

There’s no official policy on the FairMoney app or website confirming any form of discount or debt waiver. FairMoney’s terms clearly state that you must repay your loan amount plus the interest before your debt is cleared.

This means that unless you repay the entire principal plus interest, your loan record remains unpaid.

Even if a staff member or message claims you’ve been “selected for a special offer,” it doesn’t mean your debt will disappear after paying that amount. It’s merely a repayment prompt, not a waiver.

What You Should Do If You Receive the “Discount” Message

If you get a message promising a discount or repayment offer, here’s how to handle it smartly:

1. Log in to your FairMoney app — check your outstanding balance.
2. Ignore the message for now. Do not pay based solely on the SMS.
3. Call FairMoney customer support directly via the app or their verified email (not the phone number in the SMS).
4. Ask them to confirm if your total loan will be cleared if you pay the discounted amount.
5. Get written confirmation (email or in-app chat) before paying anything.

If they cannot guarantee that your entire debt will be cleared, then it’s simply a trick to collect part of your loan.

Legal and Credit Score Implications

If you pay the “discounted” amount thinking your loan is cleared, but the balance remains unpaid, it can still affect your credit score on platforms like CRC Credit Bureau or First Central Credit Bureau.

That means:

• You might be blacklisted from taking loans on other apps.
• You could be reported as a defaulter, even after paying the so-called “discount.”
• You may continue receiving collection calls or messages until the balance is fully settled.

So, always ensure your FairMoney app shows a zero balance before assuming you’re debt-free.

Real Experiences from Users

Many borrowers have shared similar stories online:

• “FairMoney told me I had a 40% discount. I paid the amount, but my dashboard still showed I was owing ₦8,000 more.”
• “I thought the message was real. After paying, they said it was just a partial repayment. I regret falling for it.”
• “They kept calling me even after I paid the discounted amount.”

These stories show that the discount messages are not genuine debt forgiveness but repayment strategies.

What to Do Instead

If you genuinely want to clear your FairMoney debt and restore your credit reputation, here’s the right approach:

1. Open your FairMoney app and check your exact outstanding balance.
2. Pay through the official app only, not through random links.
3. Avoid quick-pay traps like “discount” or “selected offer” messages.
4. Repay the full balance to get your loan dashboard marked as cleared.
5. Take screenshots or receipts of your payments for future proof.

Paying your full loan might sting, but it’s better than living with a false belief that your debt has been erased when it hasn’t.

Final Verdict

So, is the FairMoney “35% discount” offer real or a trap?

Answer: It’s a trap, not a real discount.

FairMoney sends these messages to lure customers into repaying faster. The discounted amount is only a partial payment, not a full clearance. Once you pay, your debt still remains — only reduced slightly.

To truly clear your FairMoney debt, you must pay your entire outstanding amount plus interest through the official app.

Whenever a loan app promises “discounts” or “special clearance offers,” think twice. These are psychological tactics — not genuine waivers. Always verify through the app or official contact before making any payment. Your financial peace is worth more than rushing to pay a fake “discount.” Don’t fall for the bait — pay smart, not fast.

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