FCMB Increases FastCash Loan Limit to ₦500,000

First City Monument Bank (FCMB) has raised the limit on its FastCash instant loan to ₦500,000, enhancing access to funds for eligible customers facing unexpected expenses or short-term financial needs. The FastCash service is available 24/7 via the FCMB Mobile App and by dialing 32911#, allowing customers to obtain credit without the need for collateral, paperwork, or a guarantor.

To qualify, customers must have maintained an FCMB account for at least three months, and eligibility is determined by their transaction activity. Returning customers can benefit from repayment periods of up to 90 days.

Tunji Lamidi, Divisional Head of Personal Banking at FCMB, stated that the increased limit is a response to customer demands for quick and convenient access to financing. Additionally, customers who have not fully utilized their maximum eligible loan amount can apply for a FastCash top-up, subject to eligibility.

This upgrade is part of FCMB's initiative to facilitate easier digital banking and credit access.