FastCash, an instant loan solution powered by First City Monument Bank (FCMB), has achieved a remarkable milestone by disbursing over 3 million loans amounting to N105 billion to Nigerians from various backgrounds. These loans are processed in less than five minutes, without the need for collateral or extensive paperwork. Customers can access up to N200,000 through the Bank’s mobile app or 32911 USSD code.
Launched in 2018, FastCash employs state-of-the-art Artificial Intelligence and Machine Learning technology, making it a popular choice among Nigerians seeking swift access to funds. It caters to FCMB customers, offering flexible repayment terms that range from 30 days to three months cycles.
The achievement of N105 billion in loan disbursements is a testament to FastCash’s growing popularity and the trust Nigerians have placed in this financial product. It has proven to be a convenient and accessible means for bridging Nigeria’s credit gap, benefiting individuals in both urban and rural areas.
Mr. Shamsideen Fashola, Divisional Head of Personal Banking at FCMB, emphasizes the transformative impact of FastCash and the bank’s dedication to customer-centric solutions and financial inclusion.
In addition to FastCash, FCMB also offers the Salary Plus Loan, a consumer credit scheme exclusively available to salary account holders. This scheme enables qualified FCMB customers to access short or medium-term funding to address urgent financial needs.
Both FastCash and Salary Plus Loan are excellent options for individuals facing unexpected financial requirements or planning future investments. These solutions provide quick access to funds and flexible repayment terms, ensuring they are convenient and affordable for Nigerians.
FastCash has earned its reputation as Nigeria’s leading instant loan solution, offering digital personal loans within minutes without collateral or paperwork. With loan top-up features, flexible repayments, and a simple application process, FastCash ensures that individuals from all walks of life can conveniently access funds.
First City Monument Bank (FCMB) is a proud member of the FCMB Group Plc, committed to fostering inclusive and sustainable growth within its communities. The bank aims to build a supportive ecosystem rooted in Africa, connecting people, capital, and markets. By offering innovative financial solutions like FastCash and Salary Plus Loan, FCMB is contributing to the improvement of economic well-being in Nigeria.
PHOTO CREDIT: Apple
