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Education

Back-to-School: FCMB Provides ₦200,000 Loan Assistance to Nigerian Parents

First City Monument Bank (FCMB) is providing Nigerian parents with a convenient option to access funds for school fees and supplies as the new academic term approaches.

Through its ‘FastCash’ digital loan solution, FCMB enables parents and guardians to borrow up to ₦200,000 within minutes via the FCMB mobile app or by simply dialing *329*11#.

“We recognize the financial challenges families face, especially at the start of a new school term,” said Adetunji Lamidi, FCMB’s Divisional Head of Personal Banking. “FastCash is designed to offer immediate relief to ease these burdens.”

The loan, which can be repaid over a three-month period, is intended to make education more affordable and accessible for Nigerian families. Using advanced artificial intelligence technology, FCMB tailors loan offers to individual needs, allowing borrowers with strong repayment histories to access larger amounts.

So far this year, FCMB has disbursed over ₦40 billion in digital retail loans, with FastCash playing a significant role in helping thousands of Nigerians overcome short-term financial pressures.

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The Spectacles

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