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The short answer
FCMB FastCash is repaid from the FCMB account it was paid into: keep the due amount in that account on the date the offer showed, and the bank collects it. To clear it early, fund the account and use the loan option on the FCMB app or USSD menu, or ask FCMB to liquidate it. FCMB raised the FastCash maximum to ₦500,000 with terms of up to 90 days for returning customers, as reported in August 2026; complaints go to FCMB and then to the CBN.
What you signed up to
FastCash is First City Monument Bank's short digital loan for its own account holders. As reported by Nairametrics on 15 August 2026 and Legit.ng on 16 August 2026, FCMB raised the maximum to ₦500,000, said eligibility rests mainly on transaction activity and an FCMB account held for at least three months, and said eligible returning customers can take repayment periods of up to 90 days. Neither report gives the interest rate, so the rate, fee and dates in your own offer are what count. The USSD string is printed differently in those two reports, so use the code shown in the FCMB app or on FCMB's site rather than either version.
How repayment is taken
Neither report describes repayment mechanics, and we could not read an FCMB product page for this guide, so treat the following as how bank digital loans in Nigeria generally work and check it against the offer screen you accepted.
- The loan is paid into your FCMB account and repayment is collected from the same account on the due date.
- If the term runs longer than one month, the amount may be split into instalments, each with its own date. The offer screen showed which.
- If the balance is short on the day, the bank may take what is there and collect the rest as money arrives.
- Money paid into any account you hold at the bank may be used to settle an overdue balance, under the right of set-off most bank loan terms include.
Paying off FastCash early
Many borrowers want to clear FastCash early to take a fresh, larger offer. The route:
- Fund your FCMB account with at least the full outstanding amount.
- Open the loans section of the FCMB app, or the loan option in the USSD menu, and look for repay or liquidate. If it appears, it shows the payoff figure first.
- If there is no such option, contact FCMB and ask for liquidation in writing, quoting your account number and the loan date.
- Ask for confirmation that the loan is closed, and check your next statement.
Whether early payment reduces the charge depends on how FCMB priced your loan. If the fee was taken upfront as a flat amount, paying early may save nothing. Our guide to what FastCash costs explains how to read the offer.
Worked example (illustrative figures only)
Take ₦150,000 over 60 days at an assumed 5% for each 30 days, a figure for the arithmetic, not FCMB's price. Interest is ₦7,500 per month, so ₦15,000 over two months and ₦165,000 in total, or two instalments of ₦82,500. If the second instalment is missed and an assumed 1% monthly penalty applies, one extra month adds ₦825. Your own offer shows the real numbers.
If you miss a repayment
- Expect the bank to recover from incoming money in the account.
- Charges for late payment in your terms apply to the overdue sum.
- Banks report loan performance to credit bureaus and the CBN's credit risk register, so a missed FastCash payment can affect a mortgage or car loan application with another lender later.
- A missed payment also tends to reduce, or pause, future offers.
If you know you will be short, contact FCMB before the date and ask what can be done; get any arrangement confirmed in writing.
FCMB customer care and complaints
Use the channels you can trace to the bank itself: the support or chat option in the FCMB app, any FCMB branch, and the contact page on fcmb.com for current helpline numbers, which we did not verify for this guide. When you complain, give your account number, the loan date, the amount and screenshots, and ask for a reference number.
FCMB is a commercial bank supervised by the CBN. If the bank does not resolve your complaint, escalate to the CBN's consumer protection channel; our guide to complaining about a bank in Nigeria sets out the steps. For eligibility and limits, see FCMB FastCash explained.
Before you take the next FastCash
Because FastCash is quick to request, it is easy to roll from one advance into the next. Before accepting a fresh offer, look at three numbers on the screen: the amount, the total repayable and the date. If the total repayable is more than a third of the salary or income landing before that date, ask whether the remaining money covers your rent, transport and food until the next pay day. Repeated short advances at a fee each time add up: four 30-day advances in a year each costing ₦5,000, an illustrative figure, come to ₦20,000 in charges for money you repay each month anyway.
Where Pryme fits
Pryme is not a lender. Loans on Spaces are lent by Solid Allianze MFB and can only be spent with merchants in Spaces; the amount, cost and repayment date are shown in full before you accept. See Loans on Spaces.
Questions people ask
How do I repay FCMB FastCash?
Keep the due amount in the FCMB account the loan was paid into on the due date; the bank collects it. You can also repay from the loan option in the FCMB app or USSD menu.
How do I liquidate FCMB FastCash early?
Fund your account with the full balance and use the repay or liquidate option in the app or USSD menu, or ask FCMB to liquidate it and confirm closure in writing.
What is the FastCash maximum?
Reports in August 2026 said FCMB raised it to ₦500,000, with up to 90 days for eligible returning customers. Your own limit is what the offer shows.
Who do I complain to about FCMB FastCash?
FCMB first, through the app, a branch or its contact page. If unresolved, escalate to the CBN, which supervises the bank.
Sources
- Nairametrics: FCMB raises FastCash instant loan limit to ₦500,000 (15 Aug 2026) · accessed Oct 2026
- Legit.ng: FCMB raises FastCash instant loan limit to ₦500,000 (16 Aug 2026) · accessed Oct 2026
This article is general information, not financial, legal or tax advice. Products described are provided under the terms on this site and are subject to regulation and eligibility.