FCMB Personal Loan 2026
FCMB Personal Loan 2026: Amounts, Requirements and How to Apply
The First City Monument Bank (FCMB) offers two personal loan products in 2026 that cater to different financial needs: the FastCash for quick, short-term borrowing and the Salary Plus Loan for larger amounts over longer periods. This guide covers both products, the fees involved, eligibility requirements, and how to apply.
FCMB FastCash Loan
The FCMB FastCash loan is designed for quick access to funds without paperwork or collateral. It is available to all FCMB account holders via USSD or the mobile app.
- Minimum loan amount: ₦5,000
- Maximum loan amount: ₦500,000
- Interest rate: 16% per disbursal (applied upfront)
- Repayment period: 30, 60, or 90 days
- Collateral required: None
- Guarantor required: None
- How to apply: Dial *329*11# from your FCMB-registered phone number, or use the FCMB mobile app or internet banking
FCMB Salary Plus Loan
The FCMB Salary Plus Loan targets salary earners who receive their income through FCMB. It offers significantly higher loan limits and longer repayment periods.
- Maximum loan amount: ₦10,000,000 (depending on salary and employer)
- Interest rate: Variable risk-based rate (communicated on application)
- Management fee: 1.0% (one-off) for new loans; 0.5% for top-up loans
- Repayment period: Up to 60 months (5 years)
- Collateral required: None
- Eligibility: Employees of FCMB pre-qualified organisations who have received their salary through FCMB for at least 6 consecutive months
Is the FCMB Loan Worth It?
| Feature | FastCash | Salary Plus |
|---|---|---|
| Maximum Loan Amount | ₦500,000 | ₦10,000,000 |
| Repayment Period | 30–90 days | Up to 60 months |
| Interest Rate | 16% per disbursal | Variable (risk-based) |
| Collateral | None | None |
| Application Method | USSD *329*11# or App | Online portal or branch |
| Available To | All FCMB account holders | Salary earners via FCMB |
FCMB Loan Eligibility Requirements
For the FastCash loan, you must:
- Be an FCMB account holder for at least 3 months
- Have consistent account activity showing regular income
- Have a valid BVN registered with FCMB
For the Salary Plus Loan, you must additionally:
- Receive your salary through FCMB for a minimum of 6 consecutive months
- Work at a company on FCMB’s list of pre-qualified employers
- Provide a valid government-issued ID
How to Apply for FCMB Personal Loan
- FastCash via USSD: Dial *329*11# from your FCMB-registered phone. Follow the prompts to select your loan amount and tenor.
- FastCash via app: Log into the FCMB mobile app, navigate to Loans, and select FastCash.
- Salary Plus via online portal: Visit fcmb.com, go to the Personal Loans section, and complete the Salary Plus application form online.
- Salary Plus via branch: Visit your nearest FCMB branch with your employment letter and a valid ID.
FCMB Contact Information
- Phone: +234 1 270 8900
- Email: [email protected]
- Website: fcmb.com
- USSD: *329# for all FCMB self-service options
Frequently Asked Questions
1. How fast is the FCMB FastCash loan disbursed?
The FastCash loan is disbursed almost instantly after approval via USSD or the mobile app. You do not need to visit a branch or submit any physical documents.
2. Can I get an FCMB loan if I am not a salary earner?
Yes. The FCMB FastCash loan is available to all active FCMB account holders regardless of employment type. The Salary Plus Loan, however, is specifically for salary earners paid through FCMB.
3. What happens if I can not repay my FCMB loan on time?
Late repayment results in penalty charges and negatively affects your credit record with the Credit Bureau. FCMB may also restrict access to further loan products. If you anticipate difficulty repaying, contact FCMB customer service as early as possible to discuss options.
Is it worth it?
FCMB offers solid personal loan options in 2026 for both quick-access borrowers and salary earners who need larger amounts. The FastCash loan via USSD is especially convenient, requiring no paperwork or branch visit. For a wider comparison of banks and loan apps in Nigeria, read our guide on the Top 10 Loan Apps in Nigeria.
If you also have an account with GTBank, check out our GTBank QuickCredit guide for alternative loan options.
You ll be redirect for the banks website
I enjoy reading, chess, writing, and creating things for the internet. Since I was a child, I wanted to create meaningful things. Here, I found my purpose.
