Bank Loans in Nigeria
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Have you been looking for or wondering how you can request and get a Loan grant from First Bank of Nigeria? This content is for you, you will get to learn how to request and get an approved loan from First Bank in just few moments.
About First Bank of Nigeria (FBN)

First Bank of Nigeria (FBN) is one of Nigeria’s first, trusted and reliable bank in the country. They have been in existence since 1964 with over 400,000 customers and 50,000 employees. Not just that, first bank of Nigeria can boast of having over 400 branches in Nigeria alone.

This alone should get you interested in their services cause they are sure experienced in all they do as perfection is involve.

Content by Wiki

First Bank of Nigeria, sometimes referred to as FirstBank, is a Nigerian multinational bank and financial services company headquartered in Lagos.[1] It is the biggest bank in Nigeria by total deposits and gross earnings. It operates a network of over 750 business locations across Africa, the United Kingdom and representative offices in Abu Dhabi, Beijing and Johannesburg set up to capture trade-related business between geographies. The bank specialises in retail banking and has the largest retail client base in Nigeria. In 2015, The Asian Banker awarded FirstBank the Best Retail Bank in Nigeria award for the fifth consecutive year.[2]

The Nigerian banking business operates nationally, with an active customer base of over 10 million, and employs over 7,000 staff. FirstBank operates along four key Strategic Business Units (SBUs) – Retail Banking, Corporate Banking, Commercial Banking and Public Sector Banking. It was previously structured as an operating holding company before the implementation of a non-operating Holding Company structure (FBN Holdings) in 2011/2012.

[according to wikipedia]

First Bank Loan 2020

Just like any other bank in Nigeria, First Bank of Nigeria (FBN) offers loan to all their customers (employed and non-employed). As long as you are a customer with First Bank, you sure are entitled to right of loan request and as well right to loan grant.

Though not all loan requests are accepted by Firstbank and that is why we are here to put you through on how you can request for a First Bank loan and get approved within 3 days.

YES!

Following our guide, you can apply for loan today and get approved within 3 working days.

Types of Loan offered by First Bank of Nigeria

  1. Personal Loan
  2. Business Loan
  3. Agriculture Loan

First Bank Loan Requirements

Here are the required details you need to have before you can request for a loan from First Bank.

  1. Active First Bank Account number
  2. BVN number
  3. Valid government issued ID card (not necessary in most case)
  4. Utility bill

Ways to Request for First Bank Loan in 2020

Basically, there are 3 ways to request/apply for a Loan from First Bank. Which include

  1. Using USSD code
  2. Using First Bank mobile app
  3. By visiting the bank

How to Request for a First Bank Loan Using USSD Code

To request for a loan from First Bank of Nigeria using USSD code, all you have to do is follow our guide below;

  • Dial *894# or *894*11# from your phone with your registered First Bank phone number
  • Reply with “3” to select “FirstAdvance option”
  • Accept loan advance terms by replying with “1” (this will take you to loan request landing page)
  • The next menu shows you eligible loan amount for your account you can apply to.
  • Here you input your desired loan amount and send
  • Interest rate, management fees and insurance will be displayed next
  • Now you input your 5 digit First Bank transaction PIN to confirm it’s you to accept terms and condition.
  • Requested loan amount will be disbursed into your salary account within few minutes and after that;
  • Your account will be deducted with stipulated management fee, interest rates, insurance and VAT as upfront fees and charges.

How to Request for a Loan Using First Monie Mobile App

Follow our guide below to successfully apply for FirstAdvance Loan by First Bank

  • Download the most recent First Bank mobile app on Playstore
  • Login with your banking details on the mobile app
  • Open the menu option located at the top left corner of the mobile app when you are logged in
  • Scroll down and select “LOAN” option
  • Next you select “FirstAdvance”
  • The next menu will show you loan amount you are eligible to request and the application pricing and interest rates.
  • Now you should accept loan terms and conditions if you are okay with it
  • Here you can input your desired loan amount but make sure is not more than the eligible about shown to you on the previous page
  • Input your transaction PIN
  • You should receive a success message and loan will be disbursed to your salary account within few minutes
  • Your account will be deducted with stipulated management fee, interest rates, insurance and VAT as upfront fees and charges.

How to Pay Back Your First Bank Loan After Due Date

Paying back of loan gotten from First bank have never been easier. Can you believe you don’t even need to do much?

Do you remember the repayment option you select while filling your loan request form? Sure you do

The details you provide there is what First Bank will use to deduct money from your salary account as your loan repayment option.

So you see, you actually don’t have to do much here.

What Happens if I Don’t Pay Back in Time?

Nothing much really happens if you don’t pay back in time. What you need to be aware of is that immediately any money come into your account , first Bank will deduct their loan from it and live the rest to you.

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