As students return to school, many Nigerian families face the financial strain of tuition fees and supplies.
First City Monument Bank (FCMB) aims to ease that burden with FastCash, its instant digital loan product offering quick access to funds.
With FastCash, parents and guardians can borrow up to N200,000 in minutes using either the FCMB mobile app or the simple USSD code – *329*11#.
The loans come with flexible repayment terms of up to three months, giving families breathing room to manage their finances.
“We understand the pressure families are under, especially at this time of year,” said Adetunji Lamidi, FCMB’s Divisional Head of Personal Banking. “FastCash is designed to provide immediate relief and ensure that every Nigerian can support their children’s education.”
The bank says FastCash uses artificial intelligence to tailor loan offers to individual borrowers, considering their repayment history and financial situation. This personalized approach helps ensure responsible lending and makes credit more accessible to a broader range of people.
FCMB has disbursed over N40 billion in digital retail loans this year, with FastCash playing a pivotal role in helping thousands of Nigerians overcome short-term financial challenges.
The bank is part of FCMB Group Plc, a leading financial services provider in Nigeria committed to promoting inclusive and sustainable growth.
