First City Monument Bank (FCMB) instant loan solution, FastCash, has disbursed over 3 million loans worth N105 billion to Nigerians from all walks of life.
Interestingly, each loan was disbursed in less than five minutes, with no collateral or paperwork required for accessing up to N200,000 via the Bank’s mobile app and 32911 USSD code.
For those who don’t know, the instant loan solution is powered by state-of-the-art Artificial Intelligence and Machine Learning technology. It was launched in 2018 and has become popular for Nigerians seeking quick access to funds.
It is available to FCMB customers, and repayment terms are flexible, with repayment options ranging from 30 days to three months cycles.
The milestone of N105 billion in loan disbursements is a testament to FastCash’s popularity and the trust that Nigerians have placed in the financial product.
It has become one of the most convenient and accessible ways to access funds, helping to bridge Nigeria’s access to credit gap in urban and rural areas.
The Divisional Head of Personal Banking, FCMB, Mr. Shamsideen Fashola, speaking on the bank’s commitment to financial inclusion and customer-centric solutions, said; “We are thrilled by the extraordinary reach and impact of FastCash, our digital loan product, with a remarkable sum of N105 billion disbursed over five years.”
“Through FastCash, we effectively bridge the access to credit gap for countless Nigerians. We know the solution has improved the well-being of Nigerians.”
“So, we remain resolute in our dedication to serving as a steadfast pillar of support to our customers and the wider Nigerian society. First City Monument Bank will continue to empower individuals and contribute to advancing our society through innovative, convenient, secure, and easily accessible digital products.”
Besides, FastCash, FCMB 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 meet urgent financial obligations.
Both FastCash and Salary Plus Loan are excellent solutions for those facing unexpected financial needs or planning an investment for the future. They provide quick access to funds and flexible repayment terms, making them a convenient and affordable option for Nigerians.
FastCash is Nigeria’s leading instant loan solution. It provides digital personal loans within minutes without collateral or paperwork. With loan top-up, flexible repayment options, and a simple application process, FastCash ensures convenient access to funds for individuals from all walks of life.
