- PERSONAL BANKING
- BUSINESS BANKING
- CORPORATE BANKING
- GROUP & SUBSIDIARIES
- ABOUT US
- MY BANK AND I
With an FCMB Cash-Backed loan, you can use your investments as collateral to access a loan at a competitive interest rate.
This loan is available to both salaried and self-employed customers with fixed deposits and other liquid investments.
Benefits
- Available as overdraft and term loan
- Enjoy an overdraft line if your investment remains with the bank
- Flexible loan tenor; subject to the maturity date of the investment
- No insurance charges
- Unrestricted access to funds when needed, while the customer continues enjoying interest on their investments
- Interest is charged per month only on the portion of the utilized overdraft
Features
- Collateral coverage is as low as 110%
- Flexible loan tenor
- Competitive interest rate
- Management fee of 1% of the approved overdraft amount
How to apply?
Please visit any of our branches to get started.
Terms and conditions apply