FastCash, the fastest-growing instant loan solution in Nigeria has announced two millionth Naira loan disbursement, totaling N59 billion, and have helped customers from different walks of life meet urgent financial needs and achieve their short-term objectives.

Commenting on this significant achievement, the Divisional Head, Personal Banking of FCMB, Mr Shamsideen Fashola, said: “The amount of trust placed in FastCash by our customers is humbling.

“We will continue improving on this product to deliver exceptional customer experience.

“The success we have achieved thus far is a testament to our commitment at FCMB to support our customers through financial technology products that are convenient and accessible.”

Launched by First City Monument Bank (FCMB) in 2018, FastCash is a personal digital loan product that makes credit up to N200,000 available to existing customers and non-customers of the Bank in less than five minutes.

“Customers can conveniently access the loan through the FCMB new mobile app or by simply dialling the Bank’s *329*11 code.

In addition to FastCash, a statement noted, FCMB also offers a Salary Plus Loan, a consumer credit scheme available to salary account holders.

Through this scheme, qualified FCMB customers can access short or medium-term funding before salaries to meet urgent needs, such as school fees payment for their children.

Existing customers on Salary Plus can also top up their loans when they require additional financial support. 

It added: “In vast numbers, Nigerians have adopted FastCash and SalaryPlus. Both products have proven to be excellent solutions for those in need of sudden cash during these challenging times, affirming FCMB’s commitment to products and services that close the access to credit gap for all strata of Nigerian society.

“First City Monument Bank continues to help improve the financial well-being of millions of Nigerians who have urgent needs for collateral-free loans at a reasonable interest rate.”

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