Banks are top money lending platforms when it comes to borrowing money online, Fcmb Loan has a good loan product which you can apply without collateral and is available for banking and non banking customer’s.
Fcmb Review
First City Monument Bank (FCMB) Ltd is a banking group, headquartered in Lagos. As of December 2019, the bank’s total assets were valued at US$4.4 billion (NGN: 1.7 trillion).
Fcmb Loan And How It Works.
Fcmb Loan known as Fast Cash offers an instant access to a quick cash loans of up to 5million naira without any paperwork or collateral needed.
FCMB FastCash Loan is a convenient, paperless credit facility with no collateral required for your emergencies and urgent needs. It is an instant loan and the application is through Fcmb Loan USSD code *329#.
How To Apply For Fcmb Loan
Fcmb Loan Application is 100% online, through mobile banking and via Fcmb loan code *329#.
Fcmb Loan To Apply Without Collateral
1. Fcmb FastCash
FCMB FastCash is a convenient, paperless credit facility with no collateral required for your emergencies and urgent needs.
It is an instant loan and the application is through Fcmb loan ussd code *329*11#.
Features And Benefits:
FCMB FastCash is designed for existing FCMB customers; Non-FCMB Customers and has the following benefits.
• Instant access to funds
• Up to N200,000 loan amount
• No paperwork required, just apply through *329*11#.
• No collateral needed
• It is available to both salaried and Non-salaried customers of the bank
• Up to 3 months repayment cycle
30 days clean up cycle
• Customer can apply as many times in a year as he/she is qualified.
For Non – Banking Customer’s:
• Instant access to funds
• Up to N200,000 loan amount
• No paperwork required, just apply through *329*11#.
• No collateral needed
• No FCMB account is required
• Up to 3 Months Repayment cycle
• Customer can apply as many times in a year as s/he is qualified.
• Interest Rate of 3.5% monthly and a One-Off management fee of 1%
Funds will be transferred to the customers salary account in any bank where the salary is domiciled
• All Federal Government Employees EXCEPT Military and Para-Military Employees.
2. Fcmb Salary Plus Loan
Salary Plus Loan is a consumer credit scheme available to salary account holders.
Through this scheme, qualified FCMB customers can access short- or medium-term funding, before payment of salaries.
Eligibility is based on criteria such as domiciliation of salary account with consistent receipt of salaries for a period of 6 months and categorized employer.
Fcmb also offers Salary top-up loan which is a credit scheme available to existing customers who have a salary plus loan.
Prequalification is done based on criteria such as up-to-date salary and no missed repayments on loans within the last 6 months.
3. Fcmb Premium Salary Plus Loan
Premium Salary Plus loan provides confirmed staff of commercial organizations more usable funds. The employee’s organization must have been rated on Moody’s with a minimum BB- rating, employees interested in the product must be eligible for minimum loan amount of 2,000,000.
Features:
• Minimum loan amount – N2 Million
• Maximumt tenure- 60 Months
• Minimum tenure – 12 Months
• Management fee – 1% flat upfront (0.5% for top-up loan)
• Collateral – Domiciliation of salary, terminal benefits and other allowances
• Insurance fee – 0.9%*loan amount*tenure (in years).
4. Fcmb Auto Loan
This is a consumer credit scheme which allows qualified individuals to part-finance acquisition of cars for personal use.
Customers can own a car and pay over a period of time.
Features And Benefits:
• Auto-loan amount: Up to ₦30 million
• Interest rate As low as 20% per annum
• Equity Contribution: As low as 30%
• Loan repayment tenure: up to 36 months.
Benefits:
• Easily find your dream car brands
• View car images from different angles
• Compare prices, mileage, and features
• Estimate repayments using the online calculator
• Thorough vehicle inspection to ascertain condition
You can apply via this link here.
Fcmb Loan Code
Fcmb Loan offers an instant quick cash loan and their loan application is through Fcmb Loan USSD code *329# without collateral.
