The enhanced instant loan solution, powered by First City Monument Bank (FCMB), is designed to help tackle Nigeria’s access-to-finance problem and reduce poverty.

FCMB FastCash is a quick, hassle-free personal loan that provides credit up to N200,000 in just 5 minutes to previous FCMB customers. It’s perfect for emergency needs such as paying bills or funding projects such as school fees payment for children and medical fees. Customers can conveniently access the loan through the FCMB New Mobile App or by dialling the Bank’s USSD code, 32911#.

FCMB's Divisional Head of Personal Banking, Shamsideen Fashola, commented on this digital milestone saying, “The enhancement of FastCash with Artificial Intelligence is a bold move and statement of our intent to leverage technology to deliver secure, convenient and accessible offerings to our teeming customers. We realise the financial challenges facing people, and as a responsive Bank, we are committed to providing solutions that are impactful and beneficial in a sustainable manner. 

We are proud that our FastCash is changing lives and will continue improving the product to deliver exceptional customer experience”.

Between January and March 2023, FastCash has disbursed N10 billion to over 290 000 Nigerians. Since the platform was launched in 2018, nearly 3.2 million loans have been given out to customers.