FirstCredit is a product designed to provide you with a quick and simple loan to fund your transactions. Loans can be accessed from anywhere without visiting the Bank.
FirstCredit Benefits
- Easy and convenient access to loans to meet needs.
- Quick loan request and disbursal
- No physical documentation required.
- No collateral required
- No hidden fees
FirstCredit Features
- Customer’s account must have been operational in FirstBank for at least 6 months.
- Customer must be linked to a valid BVN.
- Customers must have correctly updated phone numbers
- Customer must have positive credit record with Credit Bureaus.
- Minimum Loan Amount: N1,000 (One Thousand Naira)
- Maximum Loan Amount: N300,000 (Three Hundred Thousand Naira)
- Loan Tenor: Maximum of 30 days
- Interest Rate: 10% flat
- Insurance: 1% per transaction
- A penal charge of 1% monthly and daily interest of 0.3% applies upon default
- Interest on disbursed amount will be taken upfront on loan disbursal
- Insurance fee is also taken upfront on loan disbursal
How to Apply?
- Dial *894#
- Select Loans
- Select FirstCredit
- Select get new loan
- Select the account number with which you want to apply for the loan
- Grant data usage consent and accept terms and conditions
- You are presented with 4 loan amount options
- Choose your desired loan amount
- Loan is disbursed into your account
Loan Application Form
Easily request for all FirstBank loans and credit financing products.
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