Installment Credit makes repaying larger credit limits easier for Fido customers by allowing them to spread repayments over multiple months instead of making a single payment within one month. Customers who qualify for installment credit will see this option in the Fido app, where they can choose to break their repayment into equal monthly installments.
Fido offers installment options ranging from 1 to 6 months. This means instead of repaying your full credit amount after the usual one-month period, Fido will divide your repayment into smaller, manageable portions. Each month, you will pay an equal part of the total credit received until the end of the installment period you selected.
Important to Note:
- Choosing an installment plan does not mean you defer payment until the end of the chosen period. It means you will pay a portion of the total amount each month.
- The installment plan helps you manage your finances better by reducing the burden of a one-time repayment.
Where to Find the Installment Option in the Fido App
To easily find the installment button in the Fido app, follow the steps below.
- The installment option appears on the same page where you confirm your credit request.
- We recommend checking the upper part of the page for visibility.
- To help you quickly identify this option, we’ve highlighted it in the app with clear labels and guidance.
- If needed, look out for visual cues such as arrows or bold highlights in the app interface.
If you still don’t see the installment credit option, ensure that:
- You are eligible for installment credit.
- You have the latest version of the Fido app installed.
- You have selected a credit amount that qualifies for installment repayment.
For further assistance, feel free to contact Fido Support through the app.
Here's a short video on how you can get installment credits with Fido.