First city monument bank Quick Loan are easily accessible and do not require collateral. If you are considering borrowing a loan, you might want to check FCMB loan packages out.
Since loan helps borrower meet unforeseen financial emergencies, FCMB has unveiled Quick Loan, which is short-term facility of 10 million Naira for SME customers with quick turnover days. The loan doesn’t required collateral
Borrower can access loan amount as low as N20,000 and as much as N10 million within hours, with no collateral required and also a flexible monthly repayment schedule options up to 180 days.
The loan Target Market: All SMEs in the following space
.Power and Utilities
.All SME Servicers
The interest rate for for first city monument bank Quick Loan is 2.5% monthly which is equivalent to 30% per annum
FCMB have two types of short-term facilities/loan which are:
1. School Aid Facility (SAF)
2.School Support Facility (an hybrid of SAF due to impact of COVID-19)
3. Temporary Advance
School Aid Facility (SAF)
School Aid Facility is a short-term loan facility availed to private school business owners. purchase of books, school uniforms and consumable amongst other reoccurring school expenses within the term. Capital project finance is not accommodated using this facility/product.
The loan amount for Amount School Aid Facility is between N500,000 to N5,000,000 with 6 weeks tenor.
Temporary Advance Facility (TAF)
This is a short-term loan for all businesses (goods and services oriented except those in BDC, financial services and CBN prohibition list) requiring quick/urgent financial assistance to meet working capital need or to improve turnover cycle.
School Support Facility (SSF)
The School Support Facility was introduced as an upgrade to our School Aid
How Apply for FCMB Quick Loan
Customers can apply for Quick Loan via FCMB internet banking or mobile banking. You can also visit the nearest FCMB Branch for assistance.
To apply, simply follow the steps below:
1. Launch your Business Banking platform OR log on to https://ibank.fcmb.com/corporate/BbgLoginScreenUI.aspx
2. Click on Loans and select SME Quick Loan
3. Provide/select your business account number
4. Complete the set of 15 short and quick questions (remember to select or enter eligible amount)
5. Click Submit Request
6. A prompt telling the status of the loan request will pop up
7. Proceed to the nearest FCMB Branch to collect printed offer letter, execute it and engage your account officer to process to disbursement.
FCMB Fast cash
FCMB fast cash is a paperless loan facility that requires no collateral. You can apply for this loan by dialing the USSD code, *329*11#.
What are the features and benefits of FCMB fast cash?
Some of the features and benefits of FCMB Fast Cash includes:
.It grants you instant access to funds.
.Fast cash is very convenient because it does not require any paperwork. Just dial, *329*11#
.Also, you can apply for it as many times as you want
.Lastly, you get a 3 months replacement cycle