FCMB FastCash is just a convenient, paperless credit center without any security

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FCMB FastCash is a convenient, paperless credit center without any collateral necessary for your emergencies and immediate requirements. its an instantaneous loan additionally the application is by our USSD rule.

FCMB FastCash is made for current FCMB customers; Non-FCMB consumers and has now the benefits that are following.

  • Access immediately to resources
  • As much as N200,000 loan quantity
  • No paperwork needed, only apply through.
  • No collateral needed
  • Its accessible to both salaried and Non-salaried consumers regarding the lender
  • As much as three months payment period
  • 30 days tidy up period
  • Client can put on as numerous times in an as s/he is qualified year.
  • Immediate access to resources
  • As much as N200,000 loan quantity
  • No paperwork required, just apply through.
  • No collateral needed
  • No FCMB account is necessary
  • As much as three months Repayment pattern
  • Consumer can put on as numerous times inside an as s/he is qualified year.
  • interest of 3.5% month-to-month and a management that is one-off of just one%
  • Resources is likely to be used in the consumers salary account in almost any lender where in fact the wage is domiciled
  • All Federal Government Workforce EXCEPT Military and Para-Military Workers


Please review these stipulations very very carefully before accepting the provider. By opening or with the ongoing service(FCMB FastCash), you consent to be bound by the conditions and terms claimed herein. These conditions and terms tend to be susceptible to modifications from time for you some time exact exact same will be managed on FCMB internet site.

If you fail to concur with one of these stipulations, please usually do not Accept or contribute to the provide or utilize this solution.

Employing this solution you suggest which you unconditionally take the regards to this arrangement and you also agree to adhere to all of them.

In this contract:

“Borrower” shall indicate the customer towards the provide as well as service

“the Offer” or “the Service” shall suggest FCMB FastCash

“the Bank” shall suggest First City Monument Bank restricted

“CHANNEL” shall imply All platforms by which the demand is created

1. The Borrower has actually requested FCMB FastCash to meet up with immediate cash that is personal needs

2. The financial institution has actually consented to give the FastCash towards the Borrower by means of principal outstanding

3. The mortgage amount will probably be offered by direct payment into borrower’s present or account that is saving FCMB and customers salary account within the lender where in actuality the wage is domiciled for Non-FCMB clients.


1. The Mortgage

The financial institution hereby agrees to offer to your Borrower as well as the Borrower takes the amount becoming paid (hereinafter known as “the FastCash”), because of the Bank after borrower’s threat evaluation and rating, for an interval perhaps perhaps perhaps not surpassing 3 months both for FCMB and Non-FCMB clients through the time of disbursement at the mercy of the tenor that is eligible of buyer together with loan tenor opted for because of the client through no credit check online installment loans Rhode Island the readily available provides.

2. Rate Of Interest

2.1 clients with FCMB account: you will see a risk – based interest rate of 15% per disbursal which equals yearly portion price of 180per cent. The attention quantity could be taken upfront for just one (1) thirty days loan as the interest quantity & key quantity for just two (2) and three (3) months loan will be gathered in the payment time associated with the loan. There shall never be any reimbursement on interest rate collected upfront for just about any prepayment, pre cancellation for the loan prior to the deadline or for just about any various various other reason;customers would spend the total interest amount for a two (2) and three (3) months loan in the event that loan is pre-liquidated prior to the expected maturity time for the loan. In the event that Borrower does not spend any quantity that the Borrower owes the lender with regards to this arrangement from the deadline, the financial institution will probably be eligible to continue steadily to charge interest in the outstanding quantity at 0.5per cent a day.

2.2 Non-FCMB customers: you will see a threat – based interest rate of 3.5per cent every month which means yearly portion price of 42%. There will be a non-refundable control Fee of just oneper cent (taken in advance) of this disbursed loan amount. In the event that Borrower does not pay any quantity that your Borrower owes the financial institution when it comes to this contract regarding the deadline, the financial institution will be eligible to charge a belated repayment cost of just one% regarding the delinquent quantity each month.

3. Re Re Re Payment

3.1 The Borrower agrees that the lender shall have the ability to subtract the due payment in full either straight from some of the borrower’s records or through the wage re payment origin including wage account, conserving account, deposit account, corporate account with all the Bank and any lender in Nigeria or away from Nigeria including all records for this Borrowers Bank Verification Number (BVN).

3.2 The Borrower hereby provides Bank the ability to subtract monies because of it from any credit inflow and income inflow in to the records within the Bank, some other Bank or re payment system in Nigeria and external Nigeria

4. Expenses and costs

All out-of-pocket expenditures registration that is including legal charges, stamp obligations as well as other charges incurred because of the Bank in handling of the center including administration of protection and data recovery of facility in the case of standard will probably be for the account associated with Borrower.

6. Breach

In case of:

i. any failure because of the Borrower to cover any quantity that will be due and outstanding under this arrangement

ii. any breach because of the Borrower regarding the regards to this contract or

iii. any failure because of the Borrower to handle his / her obligations under this arrangement; then a complete amount outstanding under this arrangement, as well as any penal cost (if any) and all sorts of various other fees and expenditures due to and as a result of Bank because of the Borrower shall come to be straight away due and payable, and without offering notice towards the Borrower, the lender will probably be eligible to end this arrangement and claim and/or heal through the Borrower any damages/losses it might have experienced for that reason.