FastCash Loan Embraces Artificial Intelligence To Ease Loan Hurdles

FastCash Loan, Nigeria instant loan solution has upgraded its services by embracing artificial intelligence to help individuals and families meet their financial obligations, especially in issues related to emergencies.

The recent upgrade emboldens by artificial intelligence, has been designed in such a way that repaying loans wouldn’t result in hostility or burden.

The innovative solution is a brainchild of one of Nigeria’s foremost banks – First City Monument Bank – with a mission to tighten the access gap in Nigeria, thereby promoting financial inclusion and eradicate poverty.

According to a recent announcement on the loan solution, “FastCash is a collateral-free, convenient and easy-to-access personal digital loan product that provides credit up to N200,000 to existing customers of FCMB in less than five minutes to meet emergency needs, such as school fees payment for children and medical fees.

“Customers can conveniently access the loan through the FCMB New Mobile App or by dialling the Bank’s USSD * 329*11#.

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The Bank’s Divisional Head, Shamsideen Fashola, who commented on the development said, “The enhancement of FastCash with Artificial Intelligence is a bold move and statement of our intent to leverage technology to deliver secure, convenient and accessible offerings to our teeming customers. We realise the financial challenges facing people, and as a responsive Bank, we are committed to providing solutions that are impactful and beneficial in a sustainable manner.

We are proud that our FastCash is changing lives and will continue improving the product to deliver exceptional customer experience”.

Between January and March 2023, almost N10 billion was disbursed to over 290,000 Nigerians via the platform. Since FastCash was launched in 2018, nearly 3.2 million loans worth over N100 billion have been disbursed.