FCMB Quick Loan is designed for Nigerian individuals, business owners, and private schools looking for immediate access to funds. This facility stands out because it offers loans up to N50 million without collateral. For schools, the dedicated School Support Facility (SSF) provides between N250,000 and N20,000,000 at a 29% annual interest rate, repayable up to two years. For SMEs and other business sectors, the Temporary Advance Facility (TAF) offers up to N50 million for 180 days at a competitive monthly rate starting from just 3.75%.

신청 방법: 단계별 안내

1. Open an FCMB account if you do not already have one.
2. For SSF, apply online through FCMB’s school loan page.
3. For TAF, visit your nearest FCMB branch or contact your account officer.
4. Attach required documents proving your business turnover or school status.
5. Wait for fast-track approval and disbursement.

Advantages of FCMB Quick Loan

A major benefit is that both individuals and businesses can obtain substantial funding with no collateral. Approval is often fast, enabling timely business or school intervention.

Flexible repayment terms are another plus; schools get up to 2 years while SMEs have manageable 6 months, both with competitive rates for their sectors.

Downsides of FCMB Quick Loan

The interest rate for the School Support Facility is above average, which may affect the long-term cost. Also, the six months’ tenure for business loans may be short for some applicants.

New customers may need to provide additional banking history to qualify, causing potential delays for first-time applicants.

Verdict: Who Should Consider?

FCMB Quick Loan is suited for established small businesses and private schools that need rapid, sizeable funding without assets as collateral. Established FCMB customers may experience the smoothest applications.