FastCash supports Nigerians with N59 billion digital loans
FastCash, the fastest growing instant loan solution in Nigeria, is proud to announce its two millionth loan disbursement. All loans disbursed by the platform amount to 59 billion naira and have helped clients from different walks of life meet urgent financial needs and achieve their short-term goals.
This step is particularly important because of its benefits for financial inclusion. Each FastCash loan closes the access to finance gap in Nigeria and ensures the well-being of a Nigerian household.
Commenting on this significant achievement, FCMB’s Division Manager, Personal Banking, Mr. Shamsideen Fashola said, “The level of trust placed in FastCash by our customers is humbling. We will continue to improve this product to provide an exceptional customer experience.
“The success we have had so far demonstrates our commitment at FCMB to supporting our clients with convenient and accessible fintech products.”
Launched by First City Monument Bank (FCMB) in 2018, Fast-Cash is a personal digital loan product that makes available to existing customers and non-customers of the bank credit of up to N200,000 in less than five minutes.
Customers can easily access the loan through the new FCMB mobile app or by simply dialing the bank’s number. 32911. In addition to FastCash, FCMB also offers Salary Plus Loan, a consumer credit program available to salary account holders.
Through this program, qualified FCMB clients can access short- to medium-term financing before salaries to meet urgent needs, such as paying school fees for their children. Existing customers on Salary Plus can also top up their loans when they need additional financial support.
In large numbers, Nigerians have embraced FastCash and SalaryPlus. Both products have proven to be excellent solutions for those in need of cash during these difficult times, affirming FCMB’s commitment to products and services that bridge access to credit for all sections of Nigerian society. .
First City Monument Bank continues to help improve the financial well-being of millions of Nigerians who are in dire need of unsecured loans at reasonable interest rates.
A not-for-profit commercial banking institution, First City Monument Bank is a member of FCMB Group Plc, led by Ladi Balogun as Group Managing Director.
The bank is committed to tackling COVID-19, income equality and poverty reduction by easing credit constraints for disadvantaged people and small businesses.