Back-to-School: FastCash Offers N200,000 Loan in Five Minutes

FastCash, powered by First City Monument Bank (FCMB), is offering a solution to the financial challenges faced by parents during back-to-school season. With no collateral or paperwork required, parents and guardians can access up to N200,000 in less than five minutes to cover school fees and supplies.

The loan application process is made easy with the FastCash platform, ensuring that children’s learning experience is enhanced with the necessary school uniforms, books, bags, confectionaries, and other essential items. This ongoing loan application is part of the FG Disburses N150 Billion Presidential Palliative Loan for MSME, with other loan options including the N300,000 GEEP Loan Application Portal and the FG Non-interest Loan Application 2023 worth of N50000. Further details on these loan options can be found on the respective application portals.

A Helping Hand from FastCash

FastCash, a digital personal loan product, is providing a budget-friendly solution to fuel back-to-school triumphs. Existing FCMB customers can access credit of up to N200,000 in less than five minutes for emergency needs. The collateral-free loan is fueled by AI and machine learning, broadening fund access for all – individuals, households, and businesses.

Mr. Shamsideen Fashola, the Divisional Head of Personal Banking at FCMB, noted that the back-to-school period can put a strain on family finances. He added that FastCash is a way to make things a bit easier, empowering all customers for a successful school start.

FastCash offers a swift and convenient solution to financial emergencies, allowing customers to seamlessly amplify loans without clearing the existing. With FastCash, FCMB is providing a helping hand to its customers during a time of need.

Closing the Finance Gap

No Collateral, No Paperwork

FastCash is a financial solution designed to reduce poverty and promote financial inclusion in Nigeria. It is accessible through the FCMB New Mobile App or by dialling the Bank’s USSD code, 32911#. One of the key features of FastCash is that it requires no collateral or paperwork, making it an easy and hassle-free option for customers.

FastCash rewards customers with strong repayment history by offering them access to loans at lower interest rates. This incentivizes customers to make timely repayments, which can ultimately improve their credit score.

In addition, FastCash offers the option to top-up an existing loan with friendly repayment terms for a specific amount. This feature benefits every customer who needs to borrow more, making FastCash a flexible and convenient solution for those in need of financial assistance.

A Track Record of Success

FastCash, a loan service powered by First City Monument Bank (FCMB), has established a successful track record since its launch in 2018. The loan service has disbursed over 3.5 million loans worth N111 billion to Nigerians from all walks of life. FastCash has gained traction among Nigerians for its swift funds, and it is open to FCMB customers. The loan offers adaptable repayment terms ranging from 30 days to 3 months.

FCMB, committed to inclusive and sustainable growth, nurtures communities by fostering an Africa-centric ecosystem that unites people, capital, and markets. The bank enhances the economic welfare of Nigerians through inventive financial solutions. As students prepare to return to school, FastCash, powered by FCMB, is here to support parents and guardians with up to N200,000 in loans. FastCash is the go-to solution for a successful back-to-school season, with no need for collateral or paperwork and the possibility of a reduced interest rate for those with a good repayment history.

Frequently Asked Questions (FAQs)

What is FastCash?

FastCash is a digital personal loan product offered by FCMB that provides existing customers with collateral-free credit of up to N200,000 within five minutes for emergency needs.

How can customers access FastCash?

Customers can access FastCash by dialing the FCMB USSD code, 32911#, or through the FCMB New Mobile App.

Is collateral or paperwork required to obtain a FastCash loan?

No, customers do not need collateral or paperwork to access a FastCash loan.

What are the repayment terms for FastCash loans?

FastCash loans offer flexible repayment terms, with options ranging from 30 days to three months.

Can customers top-up their FastCash loans?

Yes, FastCash allows customers to top-up their loans with friendly repayment terms for a specific amount.

FastCash provides a quick and easy solution for existing FCMB customers to access collateral-free loans for emergency needs. With flexible repayment options and the ability to top-up loans, FastCash is a convenient and reliable option for customers in need of financial assistance.