How to be qualify for first bank loan

How to be qualify for first bank loan

Applying for a loan is simple with first bank.  first bank loan  are available  to help you meet your personal financial needs, without having to wait for pay-day. It is simple, easy and straightforward.

Many people find it difficult to access loan, with these article, here are the easy steps of acquiring a loan in first bank to achieve your financial goal.

how to be qualified for first bank loan

1.  You must owned a first bank account that has been in operation for at least 6month

2. Your account must be linked to a valid BVN.

3. An employee with steady salary income flow.

how to get instant loan from first bank using ussd code

  • Dial *894
  • Select loan
  • Select first  credit
  • Choose get a new loan
  • Next, select first bank account number with which u want
  • Accept the terms and condition
  • Choose your preferred loan amount
  • First bank will send the loan to your account

first bank loan interest rate

The First bank loan interest rate range from 20% -30%.

firstcredit

First credit is digital lending solution designed to offer a quick and simple loan to fund your transactions. you can access loan from anywhere without visiting the bank

No  documentation or collateral  is needed, all you need is a mobile phone.

characteristic of firstcredit

  • Easy and convenient access
  • Quick loan request
  • No physical documentation is required
  • No collateral needed
  • The customer’s account must have been operational in FirstBank for at least 6 months.
  • Own a valid BVN linked to your First bank account
  • Customers must have correctly updated phone numbers
  • A good credit record
  • Loan Amount: N1,000 to N300,000
  • Loan Tenor: Maximum of 30 days
  • Interest Rate is 10% flat
  • Insurance rate of 1% per transaction
  • A penal charge of 1% monthly and daily interest of 0.3% applies upon default of the loan

first bank loan payment

First bank automatically  withdraw your loan, from your bank account.

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