Your financial reputation is key to unlocking more significant opportunities, and with Fido, building that reputation is simple and rewarding. At the heart of your Fido journey is your Fido Score, a unique number that determines the loan you can be given and its terms. Whether planning a significant purchase, handling bills, or preparing for emergencies, a strong Fido Score can make a big difference.
The eligibility weight to qualify a client for a loan. People do not decide it—a smart, unbiased system powers it. This means everyone has an equal chance based on their financial behaviour. To qualify for a loan with Fido, you need a minimum score of 250. The higher your score, the more opportunities open for you, including:
Building your Fido score is easier than you think. Here’s how:
Repay your loan on time
Timely repayments build trust and show financial discipline. With Fido, you can take advantage of flexible 30-day instalment options, making it easier to manage your cash flow while meeting repayment deadlines.
Share your financial data
Upload at least two months of Mobile Money or bank statements in PDF format. This data gives Fido a better understanding of your financial stability and increases your score.
Provide proof of address.s
Submit utility bills, tenancy agreements, payslips, and appointment letters. These help Fido gauge your financial standing and reliability.
Verify your email address.
A quick but essential step is verifying your email, which secures your account and boosts your Fido score.
A better Fido score doesn’t just make you eligible for higher loan amounts; it also comes with benefits like lower interest rates and exclusive access to upcoming financial products tailored to your needs. Essentially, the higher your score, the more doors open for economic growth.
Here’s the golden rule: Your score will grow the more you share information with Fido. Every document and detail you provide improves the system’s understanding of your financial trustworthiness.
Building your Fido score is your first step toward achieving your financial goals. With Fido, your financial future is in your hands. Take control today, boost your score, and enjoy the perks of a more substantial financial reputation.
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