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  • Updated: July 17, 2023

FCMB FastCash Disburses N105 Billion Loan

FCMB FastCash Disburses N105 Billion Loan

FastCash, First City Monument Bank’s instant loan solution, has distributed N105 billion in loans to three million Nigerians.

According to a statement, the instant loan solution powered by Artificial Intelligence and Machine Learning technology was launched in 2018, adding that it was available to FCMB customers, and repayment terms were flexible, with repayment options ranging from 30 days to three months cycles.

Affirming the bank’s commitment to financial inclusion and customer-centric solutions, the Divisional Head of Personal Banking at FCMB, Mr Shamsideen Fashola, highlighted the transformative impact of FastCash.

“We are thrilled by the extraordinary reach and impact of FastCash, our digital loan product, with a remarkable sum of N105 billion disbursed over five years.

“Through FastCash, we effectively bridge the access to credit gap for countless Nigerians. We know the solution has improved the well-being of Nigerians.

“So, we remain resolute in our dedication to serving as a steadfast pillar of support to our customers and the wider Nigerian society", he said.

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