FCMB Loan Code | How To Borrow Money From FCMB

Last Updated on March 14, 2022

FCMB Loan code: Borrowing money from FCMB has come a long way, and as they have introduced a new way to get a quick loan. You do not need to visit the nearest branch and provide documents before you can get a loan. In today’s guide, I will share with you the code you can use to borrow money from FCMB with your phone.

Getting a loan in Nigeria is inevitable, whether it’s from a loved one or an institution; almost everyone probably has a story where they had to obtain a loan. The FCMB loan is designed to finance that need which made you request for it in the first place.

Are you seeking the code to borrow money from FCMB in Nigeria? You have come to the right place. In this article, I will share with you the code you can use to borrow money from FCMB.

FCMB Loan Code

The code to borrow money from FCMB Nigeria is *329#. You can access the code on your mobile phone number linked to your FCMB account. Also, it is accessible from all networks in Nigeria, including GLO, MTN, Etisalat, 9mobile, and Airtel.

READ ALSO: Access Bank Loan Code | How To Borrow Money From Access Bank

However, borrowing money from FCMB through the USSD code is available to all FCMB mobile banking customers. Before you can use the code to borrow money from FCMB, you must activate their USSD banking service on your phone.

Take note that access to the FCMB loan code is only available on your mobile phone number linked to your bank account.

Different Types of FCMB Loans

FCMB has a wide range of offers for getting a loan in Nigeria that suits personal and business needs. You might get confused in the process of choosing the right fit. For this reason, we have created this exhaustive list of every single FCMB loan available and how you can get any one of them.

The types of loans you can borrow at FCMB include:

1. Fast cash

FCMB fast cash is a paperless loan facility that requires no collateral. You can apply for this loan by dialing the USSD code, *329*11#. 

What are the features and benefits of FCMB fast cash? 

Some of the features and benefits of FCMB Fast Cash includes:

1. It grants you instant access to funds. 
2. Fast cash is very convenient because it does not require any paperwork. Just dial, *329*11#
3. Also, you can apply for it as many times as you want
4. Lastly, you get a 3 months replacement cycle 

What are the requirements to get an FCMB fast cash loan?

To get an FCMB fast cash loan, you must meet the following requirements:

1. You must apply for an FCMB fast cash loan to solve an urgent financial need.
2. FCMB must grant you access to fast cash services.
3. The loan will be paid directly to your current or savings account with FCMB. However, non-FCMB customers must use their salary account.

Basically, this sums up the basic requirements to get a fast cash loan. However, to read more comprehensive information, refer back to their website, www.fcmb.com

2. Salary Plus Loan

This is a customer credit scheme solely for salary earners who have an FCMB account. Through salary plus, loan qualified FCMB customers can get funding before they receive their salaries. 

What are the requirements to get an FCMB salary plus loan?

To obtain a salary plus loan, you must provide your salary account. Also,  you must provide consistent receipts of your salary for at least six months with a referral to your employer.

3. Premium Salary Loan

This loan scheme caters to the verified staff of commercial organizations. However, the organization has to be rated on Moody’s with at least a BB range. Also, interested participants have to be eligible for at least a loan of N2, 000,000

What are the features of a premium salary loan? 

1. Here are key features of the premium salary loan:
2. You apply for a minimum loan amount of N 2million.
3. A management fee of 1% fiat upfront.
4. A minimum and maximum tenure of 12 and 60 months respectively.
5. Lastly, the insurance fee will be 0.9% of the loan amount tenure.

4. Auto Loan

This loan allows individuals who qualify to part-finance acquisition of personal cars. It allows customers to own a car and pay over a specific period of time. Furthermore, it is divided into FCMB Auto Loan Alliance and Standard Auto Loan.

The FCMB Auto Loan Alliance package offers loans to customers to obtain a Tokunbo car. On the other hand, Standard Auto Loan helps customers buy cars from pre-qualified dealers who have an agreement with FCMB.

5. Credit Card

With an FCMB Credit card, you can pay for anything. It offers you a credit that you can use to buy anything and requires that you pay back the loan in the future.

How can I get an FCMB Credit card? 

Here are the steps you should follow to get an FCMB credit card 

1. Log into the FCMB website 
2. Next, go to the website’s dashboard and click on loans and credit cards.
3. Thereafter, click on credit card 
4. Read through and click on the link that will redirect you to a form to fill. 
5. Fill in your personal details and click on “Apply now”
6. On the other hand, you can call FCMB credit card on 0700329000 or visit the nearest FCMB branch close to you. 

How can I get a loan from FCMB?

Simply follow the process below to receive a loan from FCMB:

1. Take time out to go through their available loans as listed and explained earlier in this article
2. Visit any of their official outlets, tendering your request for that type of loan
3. An agent would put you through on the application process

However, note that some loans can be applied for and received online and you do not need to go to their office. 

How to Pay Back FCMB Loan

When you receive a loan from FCMB, they will duly inform you on how to repay the loan.

For most of the products, you will pay monthly installments after about 30days of receipt. This amount is automatically deducted from your account every month, to save you from the stress of visiting your banks.

This is not just peculiar to Acess bank. It is the same method adopted for Fidelity Bank Loans, and so on.

Conclusion

Banking systems provide many new convenient features for customers, and FCMB is no exception. They offer some of the best loans for its customers to assess, and their loan services are diversified, meaning there’s something for everyone.

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