Fast credit launches kiddies swag account

Fast Credit Limited has introduced a savings product, the KiddiesSwag account, designed for children and young adults aged 0-18 years.

In a statement made available to our correspondent on Tuesday, the account aims to instill early saving habits while offering benefits, including a 15 per cent annual interest rate.

According to the statement, the fully digitalised KiddiesSwag account requires a minimum deposit of N50,000 and provides added advantages, such as coverage for government-approved examination fees, including the Common Entrance, West African Examinations Council, National Examinations Council, and Cambridge exams.

Speaking on the product, the Managing Director and Chief Executive Officer of Fast Credit Limited, Emeka Iloelunachi described the KiddiesSwag account as part of the company’s commitment to financial inclusivity and innovation. He said, “We are proud to launch the KiddiesSwag account, which not only helps young Nigerians develop a culture of saving but also provides substantial benefits to support their educational journey.”

Iloelunachi added that the company has built a reputation for delivering financial solutions for individuals and businesses adding that the KiddiesSwag account joins a portfolio of customer-centric offerings, including payroll lending, consumer loans, SME and corporate lending, and investment solutions such as the Fast Credit Investment Note and Fast Credit Thrive.

The statement noted that the company recently achieved investment-grade ratings from Agusto & Co. and DataPro which boosted its profitability, solid capitalisation, and product portfolio.

“Our goal is to provide flexible and rewarding financial solutions that cater to the diverse needs of our clients.” The KiddiesSwag account is another step in our mission to empower individuals and families in Nigeria,” Iloelunachi added.

Earlier, The PUNCH reported that Fast Credit Limited, a leading finance company, has successfully completed its Series 5 & 6 oversubscribed Commercial Paper (CP) issuance, reaffirming its position as a reliable partner in Nigeria’s financial sector.