FCMB Quick Loan: Unlock N5m with no collateral

FCMB Quick Loan: Unlock N5m with no collateral

FCMB Quick Loan is a short-term facility of up to 5 million naira with no collateral required.

There three types of short-term facilities/quick loan which are:

1. School Aid Facility (SAF)

School Aid Facility is a short-term loan facility availed to private school business owners. It is specifically designed to finance school administrative expenses such as purchase of books, school uniforms and consumable amongst other reoccurring school expenses within the term. Capital project finance is not accommodated using this facility/product.

Target Market

Private Schools – Primary and Secondary

Tenor

6 weeks

Amount

N500,000 to N5,000,000

Interest

Very Competitive

2. School Support Facility

Benefits of FCMB School Support Loans

Get a loan of up to N20 million to cater to the needs of your school

Convenient repayment plan of 24 months

Competitive interest rate of 12% per annum and 1.5% flat fee.

Option of up to 50% collateral coverage.

In view of the impacts of COVID-19 as well as the conundrum brought to school business by the lockdown imposed by Federal Government of Nigeria (FGN), the School Support Facility was introduced as an upgrade to our School Aid Facility.

This is to help finance ailing private schools in Nigeria.

Target Market

All Privately owned schools in Nigeria

Tenor

12 months (with option of up to12 months moratorium)

Amount

N250,000 to N20,000,000

Interest

Very Competitive (1.18% monthly)

3. Temporary Advance

This is a short-term loan for all businesses (goods and services oriented except those in BDC, financial services and CBN prohibition list) requiring quick/urgent financial assistance to meet working capital need or to improve turnover cycle.

Target Market

Retail Trade; Wholesale Trade; Contracting; Professional Practice Firms; Agric Business; Supply;
Manufacturing; Health Care; NGOs, Associations, Clubs; Religious Bodies; Unallocated; Schools

Tenor

180 days

Amount

N500,000 to N10,000,000

Interest

Very Competitive (as low as 2.5% cost of fund per month)

*New to bank can apply

*Account performance with other bank can be used as a basis to qualify customers for this loan.

To get more information about FCMB quick loan , CLICK HERE.

To Apply, CLICK HERE

Quick Loan Arena is not a loan agency and we do not give out loan to anybody. We are a quick loan review blog that seeks to inform and educate individuals and small  businesses about instant loan opportunities to help them take informed decisions. Book A Call TODAY and speak with any of our Loan Consultants for more information! Call or Whatsapp +234 (0)803 385 7245.

Do remember to give us a feedback about your quick loan experience after the lending process is executed.

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About the Author: Femi Adeoya

2 Comments

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