Applying for credit with Fido is simple and fully digital. To be considered for credit, you'll need to meet the eligibility requirements below and successfully complete our verification and affordability assessment process.
Basic Eligibility
To apply for credit with Fido, you must:
- Be at least 18 years old
- Have a valid South African ID
- Have an active South African bank account registered in your own name
- Be able to complete the required identity verification and affordability assessment
What You'll Need
Before applying, make sure you have the following:
- A valid South African ID document
- An active South African mobile number
- A smartphone that supports the Fido App
- Access to your bank account information
- Your last three months' bank statements for affordability assessment purposes
Identity Verification
As part of the application process, you'll be required to:
- Verify your South African ID
- Take a live selfie
- Provide your residential address
- Complete a short customer survey
These checks help us confirm your identity and keep your account secure.
Affordability Assessment
Before a loan can be approved, South African regulations require us to assess your affordability.
This involves reviewing your banking information and recent financial activity to understand your income and existing financial commitments.
Based on this assessment, a Fido Score will be generated to help determine your eligibility for credit.
Important Things to Know
- You can only have one active Fido loan at a time.
- Loan repayments require DebiCheck authorization through your bank. This is a regulated requirement in South Africa and must be completed before funds can be disbursed.
- All credit applications are subject to verification, affordability assessment, and final approval by Fido's automated decisioning system.
Ready to Apply?
Download the Fido App from the Google Play Store or Apple App Store and complete your registration to get started.
We're committed to making borrowing simple, transparent, and responsible while helping you access credit with confidence.