First City Monument Bank (FCMB) has increased the maximum loan limit on its FastCash instant loan platform to ₦500,000, giving eligible customers quick access to additional funds for short-term financial needs and unexpected expenses. Operating 24/7, the digital loan scheme requires no collateral, paperwork, or guarantors, allowing borrowers to complete the entire application process seamlessly through the FCMB Mobile App or by dialing 32911# without ever visiting a branch.
To qualify, applicants must have maintained an account with FCMB for at least three months, with loan eligibility determined by their transaction activity. Eligible returning customers can benefit from extended repayment terms of up to 90 days, while borrowers who have not fully drawn down their maximum eligible amount can request a loan top-up.
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According to Tunji Lamidi, FCMB's Divisional Head of Personal Banking, the limit increase directly addresses growing consumer demand for fast, convenient credit through channels customers already use daily. The upgrade reflects FCMB's ongoing effort to expand digital credit access and grant customers greater flexibility in managing their everyday finances.
Information provided by Edfrica is for awareness purposes only and does not constitute a guarantee or endorsement.
