Fastcash loans have given Nigerians the opportunity to meet emergency financial obligations, pay children’s school fees and rent.
This instant loan solution powered by First City Monument Bank, has said it is making up to N200,000 accessible for Nigerians to do whatever they want to do with the money.
FastCash is a collateral-free, convenient, easy-to-access instant loan solution powered by First City Monument Bank (FCMB).
A statement from the bank said getting a FastCash loan requires no collateral or paperwork as all they have to do is to register through its mobile app.
“It is available and accessible to salaried and non-salaried customers of FCMB through its mobile app and USSD platform, the statement said, adding, “it takes less than five minutes to complete the application process, and the loan is disbursed instantly.
According to the bank, beneficiaries can spread the loan repayment for up to three months.
It was also reported that over 2.7 million loans have been disbursed via the FastCash platform since it was launched in 2018.
Divisional Head of Personal Banking at FCMB, Mr Shamsideen Fashola commented that “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”.
FCMB also said that it offers Salary-Plus-Loan to salary account holders. It allows qualified customers to access short or medium-term funding before salary payment if they have to meet urgent needs.
