FCMB Elevates FastCash Limit to N500,000 for Instant Credit Access

​First City Monument Bank has upgraded its digital lending portfolio by raising the maximum limit on its FastCash instant loan product to N500,000.

​Designed to support eligible customers facing unexpected expenses or short-term financial obligations, the credit facility operates entirely digitally. Borrowers can access funds instantly through the FCMB Mobile App or by dialing the dedicated USSD code *32911#, eliminating the need for traditional paperwork, collateral, or guarantors.

​Tunji Lamidi, Divisional Head of Personal Banking at FCMB, emphasized that the adjustment reflects evolving consumer demands for speed and convenience in financial services.

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​”Financial needs can arise without warning, and customers increasingly expect their bank to respond just as quickly. By increasing the FastCash limit to N500,000, we are giving eligible customers more room to meet short-term needs through channels they already use, without paperwork or a branch visit,” Lamidi stated.

​Eligibility for the enhanced loan tier is determined by a customer’s transaction history, requiring a minimum account tenure of three months with the institution. Additionally, qualifying returning borrowers can access flexible repayment schedules extending up to 90 days, alongside a top-up feature for accounts that have not fully exhausted their maximum borrowing capacity.