Customers and potential customers of First City Monument Bank (FCMB) can now access a higher loan of up to N200,000 through the bank’s fast loan product, known as FastCash.
This, he said, was aimed at helping Nigerians face financial challenges and meet urgent needs without hassle.
The loan product also has the added benefit of spreading out loan repayments for up to three months, meaning customers can now repay lower amounts each month while accessing larger loans than before.
FastCash, the bank said, is a convenient, paperless instant personal loan product available to existing customers and non-customers as it requires no collateral and is open to salaried and non-salaried customers. FastCash is like the bank’s other innovative loan products, such as Salary Plus.
Commenting on the products, Division Manager, Personal Banking of FCMB, Mr Shamsideen Fashola said the bank is aware of the financial challenges faced by its customers and even Nigerians at this critical time, pledging to give them full support. necessary to overcome them.
“We have digitized the application process for many of our loans to make it more convenient for customers to get loans instantly. We hope to make a significant impact on the lives of our clients and Nigerians at large by providing them with the financial support they need when it matters most,” he stressed.
FCMB explained that the decision to restructure its consumer loan products to make them more flexible responds to economic challenges caused by the COVID-19 (coronavirus) pandemic, which has affected personal and household incomes and businesses. in general.