As the back-to-school season kicks off, Nigerian parents face the familiar financial squeeze of tuition fees and school supplies. First City Monument Bank (FCMB) is stepping in to ease the burden with the FastCash instant digital loan solution.
With FastCash, parents and guardians can secure up to ₦200,000 in minutes – enough to cover tuition and those much-needed textbooks and uniforms. The application process is simple and accessible via the FCMB app or by dialling – *329*11# on a mobile phone.
“We understand the financial pressure families face,” says Adetunji Lamidi, FCMB’s Divisional Head of Personal Banking. “FastCash is designed to provide immediate relief.”
But it’s not just about speed. FastCash also offers flexibility, with repayment terms of up to three months. This gives families breathing room to manage their budgets while ensuring their children’s education isn’t compromised.
Powered by AI, FastCash is also personalized. The system adapts to individual needs, offering loan amounts tailored to repayment capabilities. Those with good credit history can easily access larger loans or top up existing ones.
FCMB’s commitment to financial inclusion doesn’t stop there. Salary Plus Loans offer additional support for salary account holders, providing access to funds before their next paycheck.
Since the start of the year, FCMB has disbursed over ₦40 billion in digital retail loans. FastCash has been a game-changer, helping thousands of Nigerians overcome short-term financial hurdles.
With FastCash, FCMB demonstrates how fintech innovation can address real-world challenges, making education more accessible and easing the financial strain on Nigerian families.
