Why am I not qualified for FCMB fast cash?
FCMB Fast Cash allows quick loans, but you need an active FCMB bank account to access this feature. Opening an FCMB account is now simpler and can be done online. You’ll need scanned copies of your passport photograph and signature for this process.
Requirements for accessing FCMB Fast Cash
- A functional FCMB bank account.
- Approval from the bank to access Fast Cash, which is based on specific criteria. If approved, you’ll be notified; if not, you won’t have access.
- Fast Cash is usually for urgent needs, often accessible to salaried individuals.
Details about FCMB Fast Cash
- Loan up to N200,000 available.
- No need for collateral or paperwork; the process is dialing *329*11# or using the FCMB mobile app.
- Eligibility is not limited to a single application; you can apply multiple times.
- Repayment period extends to three months.
- Interest rate is 3.5%, added to the loan principal every month.
- Available to Federal Government employees except Military and Para-Military personnel.
- On approval, the loan amount is deposited into your salary account, from which repayments are deducted.
Steps to access FCMB Fast Cash
- Dial *329# using the SIM card registered to your FCMB account.
- Respond with ‘1’ to the prompts.
- Enter your National Identity Number (NIN).
- Create a 4-digit PIN password for this purpose.
- Accept the terms by clicking the ‘Accept’ icon.
- Dial *329*11# to complete the procedure and respond to the required fields.
How do I qualify for FCMB fast cash loan?
To qualify for the FCMB fast cash loan, first, you need an FCMB account. Let’s see how to open one:
- Dial *329# on your mobile device.
- Follow the prompts and provide necessary details.
- After filling the details, you’ll receive notification of your new account.
This process is super quick and easy; no documents, internet, or branch visits needed! Typically, your account number is your phone number without the first zero. You can do this from anywhere in Nigeria.
Once you’ve opened the account, you should perform several transactions using the account. This helps the bank understand your reliability. Eligibility for the FCMB Fast Cash loan is decided by the bank.
If you meet the requirements, they’ll let you know. After that, there’s usually no limit to how much you can borrow.
FAQs
How much is the maximum amount for FCMB fast cash?
The maximum amount for FCMB FastCash is N200,000. Nigerians can quickly access loans of up to N200,000 in minutes through the FastCash loan offering. This service is designed to provide instant loans without the need for collateral, making it convenient for emergencies and urgent needs. FastCash is a solution provided by First City Monument Bank (FCMB).
What is the code for FCMB fast cash?
The code for FCMB Fast Cash is *329#. It’s a quick and convenient way to apply for a paperless micro-credit facility without needing collateral for emergencies and urgent needs. Simply dial *329# to access this instant loan service.
How much loan can I get from FCMB bank?
FCMB bank offers loans ranging from as low as N20,000 to as high as N50 million. These loans don’t require any collateral, and customers can choose from flexible monthly repayment schedules, with options available for up to 180 days. You can apply for these loans through FCMB internet banking or mobile banking platforms. Alternatively, you can visit the nearest FCMB branch for assistance.
How does fast cash work in FCMB?
FASTCASH is a salary advance product offered by FCMB. It allows eligible customers to access a portion of their Net Monthly Income as an overdraft before their salaries are paid by their organization.
What is FCMB salary plus loan?
Salary Plus Loan is a consumer credit scheme offered to salary account holders by FCMB. Under this scheme, eligible FCMB customers can access short- or medium-term funding before receiving their salaries.
To qualify for Salary Plus Loan, customers must meet certain criteria, including having their salary account domiciled with FCMB and consistently receiving salaries for at least 6 months. Additionally, the employer must fall under a certain category.
Salary Plus Top-Up is another credit scheme available to existing customers who already have a Salary Plus Loan. Prequalification for this scheme depends on factors such as having an up-to-date salary record and no missed repayments on loans within the last 6 months.
How can I increase my FCMB loan amount?
To increase your FCMB loan amount through FCMBOnline, follow these steps:
- Log in to FCMBOnline.
- Click on “Consumer Loan.”
- Select “Salary plus top up.”
- Choose your current account number.
- Confirm the desired loan amount.
- Check the box to agree to the terms and conditions.
- Submit your request.
- The loan will be disbursed within 8 hours.