FCMB raises FastCash instant loan limit to N500,000

First City Monument Bank (FCMB) has raised the limit for its FastCash instant loan to N500,000, enabling eligible customers to obtain more funds for unexpected expenses and other short-term financial requirements. FastCash is accessible 24/7 via the FCMB Mobile App and by calling 32911#. Eligible customers can access this service digitally, without needing collateral, paperwork, a guarantor, or visiting an FCMB branch.

FCMB announced that eligibility is based on customers' transaction activity and account history, requiring a minimum of three months of account maintenance. Returning customers may take advantage of repayment periods up to 90 days. Tunji Lamidi, FCMB's Divisional Head of Personal Banking, stated that the increase in FastCash's limit reflects the growing demand for convenient and prompt access to short-term credit.

The bank aims to meet customers' expectations for quick financial responses by expanding the FastCash limit to N500,000, allowing eligible customers to handle short-term needs through familiar channels without paperwork or a branch visit. Customers who have not completely utilized their maximum eligible loan amount may also apply for a FastCash top-up, provided they meet the relevant eligibility requirements.

The FastCash limit increase is part of FCMB's ongoing effort to simplify access to everyday banking and digital credit, offering customers flexible digital solutions to manage their financial needs through their mobile app and USSD banking platform.