You could be wondering how you can lay your hands on the FCMB loans and use it to boost your business or solve whatever problem on your neck.
Well, properly articulated here in this article is how you can get the FCMB loan, the requirements interest rates and so on. So glide through gently.
To get the FCMB loan, of course there are requirements you have to put in place.
FCMB offers different loan packages and as these packages differ, so also do their requirements differ.
Fast Cash: As the name goes, the Fast Cash loan of FCMB is offered with no collateral requirements or any paper work to tackle emergency issues. As afr as you are an FCMB customer with a good credit history then you are eligible for this loan. The bank will access your financial capacity for the loan before you are granted it.
Salary Plus Loan: This FCMB loan is only available to customers with their salary account domiciled at FCMB and have received salary in it for at least six months. The bank lends on both short and medium terms to employees before their salary payday.
Auto Loan: You can buy your dream car with FCMB Auto Loan. But to get this loan, you must be an individual with structured employment or a self-employed worker with good income.
Premium Salary Loan: The Premium Salary is only offered to confirmed staff of commercial organizations. The organization where you work must have been rated on Moody’s with a minimum A- rating. To be eligible for this loan, you must earn a minimum monthly income of N100, 000.
From the above you can determine which class you fall and what you are required of.
You may need the following documents when applying for other loans aside the Fash Cash loan:
- A recommendation letter from your employer
- Your employee ID
- Your BVN
- A recent utility bill showing your current address of residence.
- Passport photographs
- Valid means of identification such as Driver’s license, National ID card, Voter’s Card etc.
- Documents showing your ownership of the collateral you are offering for the loan.
- Proof of business ownership (for self employed applicants).
How to apply
The FCMB loan application is done online. You can also visit any FCMB branch closest to you to apply for any of these above described FCMB loans.
To apply for the Salary Plus loan via FCMBOnline, follow these steps below:
- Log on to your FCMBOnline account
- Tap on Consumer Loan
- Tap on Salary plus top up
- Select your Current account number
- Confirm loan amount you want
- Check the terms and conditions box.
- Submit request and loan is disbursed within 8 hours.
You can apply for the FCMB Fast Cash loan using the USSD code *329#. Follow the onscreen prompt diligently to apply for this loan.
The interest rate of FCMB loan varies with the type of loan. It rises up to 30% per annum, except for Fash cash loan which has an interest rate of 15% per month.
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The loan tenor of FCMB loans vary with types of loan. The FCMB Fast Chas loan has a loan tenor of 30 days maximum. The Premium Salary loan tenor is 60 months maximum and a minimum of 6 months. The Salary Plus loan has a tenor of 12 months.
At the agreed date when payment is due, the bank deducts the due amount from your bank account. Failure to make payment of due date may attract extra charges.
Pros & Cons
You can apply for the Fast Cash loan through the FCMB Mobile Banking app, which you can get from your device’s app store. Download the app on Google Playstore.
There are many way through which you can reach the Customer service provider of the FCMB.
You can write a mail to this address: email@example.com
You can also call on phone to this numbers: 07003290000, 01-2798800.
You can also chat them on WhatsApp on this number: +234) 09099999814 or (+234) 09099999815.
|Contact Number||07003290000, 01-2798800.|
Branches & Head Office
FCMB Cooperate Office: Primrose Tower, 17A, Tinubu Street, Marina, Lagos State.
FCMB is a commercial Bank widely located across the country. You can seek for any help by visiting the branch closest to you.