Inemac loans offers up to N50,000 in loans for school fees

Nigerians can now meet emergency financial obligations pay children’s school fees and rent by accessing Inemac loans of up to N5k – N49k.

Inemac is a collateral-free, convenient, easy-to-access instant loan solution powered by First City Monument Bank (FCMB).

A statement from the bank said getting a Inemac loan requires no collateral or paperwork.“It is available and accessible to salaried and non-salaried customers of FCMB through its mobile app and USSD platform, the statement said, adding, “it takes less than five minutes to complete the application process, and the loan is disbursed instantly.

According to the bank, beneficiaries can spread the loan repayment for up to 6 to 12 months.

So far, over 2.7 million loans have been disbursed via the Inemac platform since it was launched in 2018.

Commenting on the offer, Mr Shamsideen Fashola, Divisional Head of Personal Banking at FCMB, stated, “We introduced Inemac as a collateral-free loan to give Nigerians with urgent and unexpected needs access to funds within minutes when it matters most. Inemac loans close the access to finance gap for many Nigerians, ensuring the well-being of their household”.

In addition to Inemac, FCMB offers Salary-Plus-Loan to salary account holders. It allows qualified customers to access short or medium-term funding before salary payment if they have to meet urgent needs.

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