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.
Standard Auto Loan
It enables customer purchase vehicles from auto dealers who have been prequalified and have agreed an SLA with the bank
Features
Borrow N500,000.00 to N7,500,000.00
Payment over 12 to 48 months
Contribute as low as 20% towards the purchase
Comprehensive Insurance on the car for the entire loan period
No security required
Competitive pricing and no hidden charges
Benefits
Installation of free tracking device for auto valued at N3, 000,000 and above(Free for cars above N3milion otherwise, N50,000.00)
Buy a car of your choice from our list of acceptable brands and spread payment over a convenient period
We have reliable dealers accredited to ensure you buy from a safe source
Convenient insurance payment included in the loan repayment amount
No residual cost at end of loan tenure
Eligibility
Individuals in structured employment
Self-employed individuals with regular income.
2. FAST CASH
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 our USSD code *329#.
Features & Benefits:
FCMB Fast Cash is designed for existing FCMB customers, and has the following benefits.
Instant access to funds
Up to N100,000 loan amount
No paperwork required, just apply through *329#.
No collateral needed
30 days clean up cycle
Customer can apply as many times in a year as s/he is qualified.
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