Airtime Advance: How to Borrow Airtime Using FCMB

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Are you aware you can borrow airtime from FCMB and pay at a later date without even much stress? FCMB is an abbreviation of first city monument bank and it is one of the big banks in Nigeria with a large customer base.

Fcmb has been at the forefront when it comes to promotions for new and existing customers and this time, they introduced something most banks don’t have at the moment and that is airtime advance. You can borrow airtime with your FCMB account when you are in dire need of airtime to call your family and friends and pay back later. It’s like a loan but this time, it can be obtained using your fcmb account.

In this article, we are going to have a look at FCMB airtime advance service, how to borrow airtime using your fcmb account and the frequently asked questions about the fcmb airtime advance service. Without wasting much time, let’s get started.

About FCMB Airtime Advance Service

How to borrow airtime using your fcmb account

Like the name implies, it is a loan service given to FCMB users who are in dire need of airtime and don’t have the means to purchase airtime. It’s like an airtime borrow me service that gives you up to 5,000 naira airtime free as an fcmb user that you will be required to pay back at a later date.

There is an interest rate attached to the airtime advance and that is 12.5% charges and taken upfront from the airtime you horror from FCMB.

How to Use Fcmb Airtime Advance Service

  • To borrow airtime using your fcmb account, simply ensure you have been using your account actively for atleast 3 months, then you dial *329#
  • Select Loans, then Airtime Advance and follow the next steps to borrow airtime of any amount up to 5,000 naira using your fcmb account.

There is an easier way to access fcmb airtime advance service and that is by dialing *329*11# then select airtime Advance and the complete the remaining steps.

There is actually no limit to how many times you can borrow as long as your account is active and eligible for the service.

Frequently Asked Questions About FCMB Airtime Advance Service

1. How can I be eligible to borrow airtime with fcmb account?

  • Transact on your FCMB account for a minimum of 3 months and you can access the product

2. What is the maximum amount that can be accessed as Airtime Advance?

  • N5,000. Five Thousand Naira Only

3. What is the minimum amount that can be accessed as Airtime Advance?

  •  N200. Two Hundred Naira Only

4. What is tenor of the Airtime Advance?

  • 7 days.

5. What is the interest rate?

  •  The interest is 12.5% flat, which is charged and taken upfront.

6. How many times can I request for the loan?

  • As many times as you may like, as long as you are eligible.

7. Can I request for early liquidation of my loan?

  •  Yes, just dial *329*11# and select Loan Repayment

8. What happens if my account is not funded for repayment on the due date??

  • The loan amount will be deducted from any inflow into all your accounts with FCMB. Where the loan is past due, deduction will be made from any account linked to your BVN.

9. Is there any penalty for not repaying the loan on time?

  • 1% flat per month on all unpaid obligations.

10. Can a non-FCMB customer access the loan?

  • No, this is only available to FCMB customers currently.

That’s all there is to know about FCMB airtime advance service. If you need airtime urgently and an active user of the bank, then you should consider purchasing airtime directly from them using this service. Thanks.

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