FCMB’s FastCash offers N200,000 support for tuition and emergency needs – Blueprint Newspapers Limited
In a bid to help Nigerians face financial challenges and meet urgent needs without hassle, customers and non-customers of First City Monument Bank (FCMB) can now access a higher loan amount of up to to N200,000 via FastCash – the fast bank lending product.
They also have the added benefit of spreading the repayment of the loan up to three months. This means that customers can now repay lower amounts each month while having access to higher loans than before.
FastCash is a convenient, paperless personal instant loan product available to existing customers and non-customers. It does not require any guarantee and is open to salaried and non-salaried customers. Customers can easily access the loan through the new FCMB mobile app or by simply dialing the bank’s code *329*11# USSD through a registered mobile number. After a successful application, it takes less than five minutes to be credited.
Commenting on the products, Division Head, Personal Banking of FCMB, Mr. Shamsideen Fashola said:
“We are aware of the financial challenges facing our customers and even Nigerians at this critical time. As a benevolent and responsive bank, we are committed to providing them with all the support they need to excel. We have digitized the application process for many of our loans to make it more convenient for customers to get loans instantly. We plan to make a significant impact on the lives of our clients and Nigerians at large by providing them with the financial support they need when it matters most.
FCMB explained that the decision to restructure its consumer loan products to make them more flexible responds to economic challenges caused by the COVID-19 (coronavirus) pandemic, which has affected personal and household incomes and businesses. in general.