By quickly obtaining FastCash loans of up to N200,000 (two hundred thousand Naira), Nigerians can now take care of urgent financial obligations, pay for children’s tuition, and pay their rent.
FastCash is a First City Monument Bank(FCMB) powered instant loan solution that is convenient, easy to use, and free of collateral (FCMB).
FastCash loans don’t require paperwork or collateral to be obtained. Both salaried and non-salaried FCMB customers have access to it via the bank’s mobile app and USSD platform.
The loan is disbursed immediately after the application has been submitted, which takes less than five minutes. The loan repayment period for beneficiaries is up to three months.
Since its debut in 2018, the FastCash platform has so far processed over 2.7 million loans.
Shamsideen Fashola, FCMB’s Divisional Head of Personal Banking, said; “we introduced FastCash as a collateral-free loan to give Nigerians with urgent and unexpected needs access to funds within minutes when it matters most. FastCash loans close the access to finance gap for many Nigerians, ensuring the well-being of their household”.
Owners of salary accounts have access to Salary-Plus-Loan in addition to FastCash through FCMB. If they need to take care of urgent needs before receiving their paycheck, it enables qualified customers to access short- or medium-term funding.
An organization with a purpose other than profit, FCMB Group Plc, includes First City Monument Bank as a member. By removing credit restrictions for underprivileged people and small businesses, the Bank is committed to COVID-19 recovery, income equality, and the reduction of poverty.
