Repaying your Fido Credit

How do I repay my credit with Fido?
Fido offers flexible and convenient repayment options to help you stay on top of your credit repayments. Repayments can either be collected automatically from your verified bank account or made manually by you through the Fido App. Automatic Repayments with DebiCheck When you accept your firs...
Can I Repay from a Different Bank Account?
Yes. If you wish to make a repayment from a different bank account, alternative payment options may be available, such as: PayShap EFT (Electronic Funds Transfer) You can initiate payment of your outstanding credit balance from either the Home Page or Credit Page of the Fido App as below: ...
How to Check Your Outstanding Credit Balance
Keeping track of your credit balance is quick and easy with the Fido App. To view your outstanding balance, simply log in to the Fido App. On the Home Page, you’ll see your scheduled repayment amount displayed. You can also tap on the Credit Page to view full details of your active credit, incl...
Can I pay off my credit balance early, and benefit from reduced interest?
Yes, you can and it’s a smart move. At Fido, interest is calculated daily. This means you’re only charged for the number of days you actually use the credit. If you repay your loan before the due date, you’ll only pay interest up to the day you make the payment helping you reduce your total rep...
What happens if I am unable to pay off my credit on time?
Making timely repayments on your credit is crucial for maintaining a healthy Fido Score and ensuring future access to Fido products. It is important to note that late repayments may incur additional penalties as per Fido’s terms and conditions. The longer a balance remains unpaid, the more inter...
Resolving Repayment Errors
Encountering repayment errors can be stressful, but with the right approach, you can resolve them efficiently and effectively. Factors affecting your repayment could be your payment not reflecting, an incorrect charge, a missed payment, or a discrepancy in your credit balance. Here are steps you...