My SharesTM
My Shares apply now | top
“Invest now and secure tomorrow”
At FCMB, we believe in making your money work for you. We are here to partner with you to achieve this.
MyShares allows you to: apply now | top
i) Finance the purchase of public offer shares or shares from the stock exchange market (MyShares Purchase Loan)
ii) Access funding for personal purposes by simply pledging some of your existing shares to back the request (MyShares Backed Loan)
What can I do with MyShares? apply now | top
• Make a small down payment and buy as much shares as you wish
• Deposit some of your shares to raise cash for your personal use
Why choose MyShares? apply now | top
• By adding borrowed money to your own funds, you can increase the total amount of money working for you
• Since you have easy access to a larger pool of funds to invest, you can take advantage of more investment opportunities and diversify your portfolio by spreading your investments across a wide range of companies and industries
• Also, you don’t have to sell your investments in order to access more funds to invest. A share backed loan allows you to use your existing portfolio as security to make further investments
Who can benefit from MyShares? apply now | top
All individuals with steady income who are committed to creating real wealth for the future
How long do I have to repay the loan? apply now | top
Loan repayment on MyShares is designed to meet your convenience
MyShares Purchase Loan
You can choose to repay the loan monthly, quarterly or once by a lump sum payment at the end of the tenor which ranges from 90 days to 2 years
MyShares Backed Loan
Loan is available on flexible withdrawal and repayment terms through out a year tenor
How does it work? apply now | top
You can apply via internet;
• Visit www.firstcitygroup.com and click on FCMB Consumer Loans link to access the MyShares Page
• Click on “How to Apply” and follow the link
• Complete the application form with relevant information. If you qualify for MyShares your request will be approved in principle and an indicative offer will be generated for you
• You are expected to print the indicative offer in principle submit together with the documents that are needed to support your application at any of our branches for processing
• If you do not initially qualify for MyShares , you can call or visit the nearest FCMB branch for further advice
Alternatively, you can visit an FCMB branch to apply:
• Walk into any FCMB branch, complete the application form and submit to a sales representative for processing
• Sales representatives forwards your request on-line for review
• If your application is successful, an indicative offer along with other documents needed to support your application will be generated for you
• You are then expected to duly execute and return the documents to the bank within 48 hours of receiving all requisite documents and acceptance of the loan offer, MyShares will be available for you
Who owns the shares? apply now | top
The shares though bought in your name, will be held in trust by FCMB, until such a time when you have liquidated your obligations to the bank; the shares will then be transferred to you
What to do now? apply now | top
• Visit any of our branches, and an officer will be happy to help you, but if you already have an account with us, simply talk to your relationship manager
• Call any of our qualified consultants today on 01-2643528