Fast Credit Limited, one of Nigeria’s most reputable financial institutions, has received a “BBB+” long-term investment grade rating with an A2 stable outlook for 2023/2024 from Agusto & Co and a “BBB+” long-term investment grade rating with an A2 stable outlook from DataPro. Both of these ratings have a favourable outlook.
According to DataPro and Agusto & Co., the investment grade ratings reflect the company’s good profitability, adequate capitalization, competent and experienced management team, and a variety of innovative products.
Following an examination of the company’s financial performance, corporate governance and risk management, regulatory environment, risk factors, and outlook for its current healthy profile in the medium to long term, the rating committees approved the ratings based on the findings.
In addition to this, it demonstrates that Fast Credit possesses an extremely solid credit profile, an abundance of liquid assets, and a low likelihood of defaulting on its obligations.
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Remark from the Executive of Fast Credit
“Fast Credit is delighted at the credit ratings from both agencies which resulted in investment grade ratings of the company and a further testament of our consistent growth and success over the years,” said Emeka Iloelunachi, the Managing Director and CEO of the company.
He remarked that the company’s primary advantages were taken into account, and he mentioned that the rating agencies placed emphasis on our robust profitability, sound capitalization, highly experienced management team, high asset quality, and numerous cutting-edge product offerings.
According to Iloelunachi, “We at FCL are excited at the credit rating from both rating agencies, which is the next step towards other strategic initiatives that will continue to provide the company with a competitive advantage.”
He explained that the company offers a variety of cutting-edge credit products, including payroll lending, consumer products, small and medium-sized enterprise (SME) lending products, and corporate lending products, to employees and institutions in both the private and public sectors.
Individuals as well as institutional investors can purchase high-yield investment products and participate in target savings through the Company.
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How to Borrow a Quick Loan from Fast Credit Ltd
Fast Credit is a trustworthy online service that can provide you with speedy loans even if you don’t have collateral to put up.
Through the utilisation of various online lending services, this company has developed a speciality in the provision of loans to individuals who are employed in both the private and public sectors. This helps to close the gap in the population of Nigeria regarding the accessibility of credit. The lending service provided by Fast Credit is prompt, simple to use, and accessible to all individuals.
In addition, this business offers investment services that produce high returns by utilising its vast assortment of ground-breaking products. Payment processing services are yet another product that can be obtained from this company. Your smartphone and other electronic devices can be used to fulfil the payment needs of your day-to-day life with the help of the speedy and effective Fast Credit payment solution.
Because the company demonstrates a commitment to responsible lending practises by providing unsecured loans to employed Nigerians in need, they are helping to promote financial inclusion in the country. A loan of up to three million Naira can be made available to you in fewer than twenty-four hours.
The application process is quick, there is a low interest rate, and there is a flexible payback tenor, all of which make it simple for the average person to obtain a loan and make payments on it. If you submit an application for a loan using this service, the funds should be transferred to your account within twenty-four hours, provided that you have provided all of the required documentation.
In its most basic form, the Fast Credit loan is designed to be accessible in a manner that is speedy, hassle-free, and convenient for the average person.