Money loaned fas FCMB FastCash is a convenient, paperless credit facilityt

FCMB FastCash is just a convenient, paperless credit center without any security needed for your emergencies and immediate needs. It really is an immediate loan in addition to application is by our USSD rule.

FCMB FastCash is made for current FCMB customers; Non-FCMB clients and it has the following advantages.

  • Access immediately to resources
  • As much as N200,000 loan quantity
  • No paperwork needed, just apply through
  • No collateral needed
  • It really is open to both non-salaried and salaried clients associated with lender
  • As much as a couple of months payment period
  • 30 days tidy up period
  • Buyer can put on as much times inside a 12 months as s/he is qualified.
  • Access immediately to resources
  • As much as N200,000 loan quantity
  • No paperwork needed, just apply through.
  • No collateral needed
  • No FCMB account is necessary
  • As much as a few months Repayment pattern
  • Buyer can put on as many times inside an as s/he is qualified year.
  • rate of interest of 3.5% month-to-month and A one-off administration charge of 1%
  • Resources will likely be utilized in the consumers salary account in every lender where in actuality the wage is domiciled
  • All Federal National Workforce EXCEPT Military and Para-Military Workers


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

If you don’t concur by using these conditions and terms, please try not to take or contribute to the provide or make use of this solution.

Employing this service you suggest which you unconditionally take the regards to this arrangement and also you consent to follow all of them.

In this contract:

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

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

“the Bank” shall mean First City Monument Bank restricted

“CHANNEL” shall imply All systems through which the demand is manufactured

1. The Borrower has actually requested FCMB FastCash to fulfill immediate individual cashflow requirements

2. The lender has actually decided to give the FastCash into the Borrower by means of principal outstanding

3. The Loan quantity will probably be provided by direct re payment into borrower’s present or saving account with FCMB and customers salary account into the lender where in actuality the wage is domiciled for Non-FCMB clients.


1. The Mortgage

The lender hereby agrees to offer towards the Borrower therefore the Borrower takes the amount become paid (hereinafter known as “the FastCash”), because of the Bank after borrower’s threat assessment and rating, for an interval perhaps perhaps not surpassing 3 months both for FCMB and Non-FCMB clients through the time of disbursement at the mercy of the qualified tenor of this client plus the loan tenor opted for because of the client through the readily available provides.

2. Rate Of Interest

2.1 consumers with FCMB account: you will see a threat – based interest of 15% per disbursal which means percentage that is annual of 180per cent. The attention quantity will be taken upfront for payday loans Idaho starters (1) thirty days loan whilst the interest quantity & key quantity for just two (2) and three (3) months loan will be gathered in the payment day regarding the loan. There shall never be any reimbursement on interest rate collected upfront for just about any prepayment, pre termination for the loan prior to the deadline or for just about any various various various other reason;customers would spend the total interest amount for the two (2) and three (3) months loan in the event that loan is pre-liquidated prior to the anticipated maturity day regarding the loan. The Bank shall be entitled to continue to charge interest on the outstanding amount at 0.5% per day if the Borrower fails to pay any amount which the Borrower owes the Bank in terms of this agreement on the due date.

2.2 Non-FCMB members: you will have a danger – based rate of interest of 3.5per cent every month which equals percentage that is annual of 42%. There will probably be a non-refundable control Fee of just oneper cent (taken in advance) for the disbursed loan amount. The Bank shall be entitled to charge a late payment fee of 1% on the overdue amount per Month if the Borrower fails to pay any amount which the Borrower owes the Bank in terms of this agreement on the due date.

3. Re Re Payment

3.1 The Borrower agrees that the financial institution shall have the ability to subtract the due payment in full either straight from some of the borrower’s accounts or through the wage payment origin including income account, preserving account, deposit account, business account utilizing the Bank and any lender in Nigeria or away from Nigeria including all accounts from the Borrowers Bank Verification Number (BVN).

3.2 The Borrower hereby provides the Bank the ability to subtract monies because of it from any credit inflow and income inflow in to the reports into the Bank, other Bank or re re payment platform in Nigeria and outdoors Nigeria

4. Expenses and fees

All out-of-pocket costs including subscription, appropriate charges, stamp obligations as well as other costs incurred because of the Bank in handling for this center including administration of safety and data recovery of center in case of standard will be for the account associated with Borrower.

6. Breach

In the event of:

i. any failure by the Borrower to pay 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 responsibilities under this arrangement; then your sum that is full 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 be straight away due and payable, and without offering notice to your Borrower, the financial institution will be eligible to end this contract and claim and/or recover through the Borrower any damages/losses it might have experienced as a result.

7. Authorization to comply

The Borrower agrees that the financial institution is irrevocably authorized to adhere to any guidelines regarding the ongoing service receives on his/her behalf through the Bank Channels which is concurred that such Instruction will be irrevocably considered to function as Borrower’s Instruction.