We offer several FairLock plans, with different interest rates and term lengths. Interest rates can vary between 11 - 18% per annum, depending on the term length. You are free to choose the combination of term length and interest rate that best suits you.
There are no fees or charges to use FairLock. It’s completely free!
First things first, you’ll need to have some funds in your FairSave balance. If you don’t yet, you can easily do so by transferring money via your FairMoney bank account. Once you have funds in FairSave, simply navigate to FairLock Home, tap the “Create a deposit” button, input the amount you’d like to lock, and confirm. This will securely lock your funds in FairLock.
Once your term is completed, the principal amount plus interest earned will be paid into your FairSave account. From there, you are free to use your interest however you wish!