Nigeria’s FastCash Celebrates 2 Million Personal Loans Worth N59 Billion

FastCash, the fastest growing instant loan solution in Nigeria, has announced its two millionth loan disbursement.

FastCash, in a statement, said all loans disbursed amounted to N59 billion and helped customers from different walks of life meet urgent financial needs and meet their short-term goals.

Commenting on this achievement, FCMB’s Division Manager, Personal Banking, Mr. Shamsideen Fashola said, “The level of trust placed in FastCash by our customers is humbling. We will continue to improve this product to provide an exceptional customer experience. The success we have achieved so far demonstrates our commitment at FCMB to supporting our clients with convenient and accessible fintech products.

Launched by First City Monument Bank (FCMB) in 2018, FastCash is a personal digital loan product that provides existing customers and non-customers of the Bank with credit of up to N200,000 in less than five minutes.

In addition to FastCash, FCMB also offers Salary Plus Loan, a consumer credit program available to salary account holders. Through this program, qualified FCMB clients can access short- to medium-term financing before salaries to meet urgent needs, such as paying school fees for their children. Existing customers on Salary Plus can also top up their loans when they need additional financial support. In large numbers, Nigerians have embraced FastCash and SalaryPlus.

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