Fidelity Bank History
Fidelity Bank, also known as Fidelity Bank Plc., is a commercial bank in Nigeria. It is licensed as a commercial bank with international authorization, by the Central Bank of Nigeria (CBN), the central bank and national banking regulator.
Fidelity Bank has grown from a marginal player in 1987, into a stable and respectable banking institution. Notably in 2005, Fidelity Bank acquired FSB International Bank Plc (“FSB”) and Manny Bank Plc (“Manny”) to create one of the top 10 Nigerian banks. In 2011, the Bank was ranked the 7th most capitalized bank in Nigeria, 25th most capitalized bank on the African continent. Also, following its renewed retail and digital banking drive, Fidelity Bank was ranked the 4th best bank in Nigeria in the retail market segment in the KPMG Banking Industry Customer Satisfaction Survey (BICSS) in 2017.
As of December 2017, Fidelity Bank Plc. had total assets estimated at over US$4.2 billion (NGN:1.4 + trillion), and shareholders’ equity in excess of US$610 million (NGN:203 billion). The Bank serves its 4 + million customers through its multiple distribution channels including 240 business offices, 775 ATMs and 4,346 POSs. The Bank currently has over 400,000 diverse shareholders. It was listed on the Nigerian Stock Exchange in May 2005 and has consistently paid dividends annually in the last 12 years even in the most turbulent periods in the Nigerian Banking Industry. According to BGL Plc, Fidelity Bank Plc had a market capitalisation of NGN:37,072,109,685.76
Fidelity Bank of Nigeria was incorporated in the year 1987 and began its operations in 1988. It initially started with a Merchant Banking license.
Fidelity Bank converted to a commercial bank in the year 1999 in an attempt to grow, as a private limited company and became a Public Limited Company also in the year 1999, in the month of August. It re-branded to Fidelity Bank Plc that year.
It secured its Universal Banking License in February 2001 and also obtained its International Banking License in the year 2011. Fidelity Bank of Nigeria has grown to a stable banking institution, during the 2005 Nigeria Banking consolidation, Fidelity Bank acquired FSB International Bank Plc (“FSB”) and Manny Bank Plc to become one of the top financially stabled banks in Nigeria Fidelity Bank currently has presence in all the States and Major cities in Nigeria, over the years the bank has been reputed for its financial stability and integrity. Fidelity continues to rank among Nigeria’s most capitalized banks, with tier-one capital of nearly USD1 billion (One Billion US Dollars).
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Fidelity Bank Loan
Yes there are other loan platforms in Nigeria which are swift and transparent with their service. Fidelity Loan should not be left out if you want to consider requesting for a loan without collateral in Nigeria.
Many loan bodies and organization lose millions of Naira since the release of loan without collateral in Nigeria.
But am sure that is not a bad news to you anyway. Cause 99% of average Nigerians will go for loan without collateral option if they have to choice.
Lucky for you, Fidelity Bank has all it takes to offer you a banking loan without collateral in Nigeria.
Types of Loan offered by Fidelity Bank in Nigeria
Fidelity Bank has a large variety of loan offers and opportunities for their customers to choose from. Be you a worker, student, small business owner and Cos.
Here are some loan offers provided by Fidelity Bank PLC
- Personal loan
- Payday loan
- Salary loan
- Student loan
- Business loan
- Agricultural loan
Above consist of publicly known loan deals offered by Fidelity bank.
Fidelity Bank Loan Requirement
Just like any other legitimate loan organization or body, Fidelity Bank as well have requirements that need to be made before one can qualify for a loan.
These requirement s are not much so we here are sure you can handle it. They include;
- Having an active Fidelity bank account number
- A BVN number
- Government issued ID card/work place ID card (in some cases)
- 2 copies of recent passport photograph
- Utility bill of not more than 3 month
Ways to Request for Fidelity Bank Loan
Currently, there are three ways you can use to request for a loan from Fidelity Bank from anywhere in Nigeria. This is regardless of who you are, where you are from and what you do for a living.
So below are the three methods to request a Fidelity Bank loan in Nigeria.
- Making use of Fidelity Bank USSD loan code
- Using the Fidelity Bank mobile app
- Visiting a Fidelity Bank branch near you
How to Request for a Fidelity Bank Loan Using USSD Code
To get a loan using the Fidelity Bank USSD code *770*08#, follow our below guide;
- Dial *770*08# from your registered bank SIM card
- Follow the correct on-screen command by replying with figures
- Accept your loan terms
- Insert your loan amount and verify with your transaction pin to complete application
- Get your credit alert within few minutes.
How to Request for a Fidelity Bank Loan Using Mobile App
- Download the Fidelity Bank mobile app
- Login with your banking details
- Go menu icon, scroll down a bit and select “FASTLOANS”
- View your available loan and eligibly status
- Accept loan terms and head to the next page
- Here you input your loan amount and repayment methods/options
- Click “GO” to view interest rates, management fees and other fees
- Complete application by verifying with yout transaction PIN
- Get your loan within few minutes
Getting a Loan by Visiting any Fidelity Bank Branch
To get a loan via this option, you need to
- Lookup Fidelity Bank branches near you via Google maps
- Go there with your valid document
- Head straight to the customer care representative and tell them why you came (they should direct you to the right office)
- Get the loan form and as for advice and terms of service by the loan expert
- Fill the form appropriately
- Submit your form and head home
- Receive your credit alert and use it wisely.
How to Pay Back Your Fidelity Bank Loan After Due Date
There is not much that is needed to be done from your end. All you have to do here is relax and wait for your loan to be deducted from your account when the repayment date is due
This means the Fidelity Bank designed an auto system for that. This system works handy with the repayment schedule and option you select while filling the loan request form.
What Happens if I Don’t Pay Back in Time?
If the loan repayment period is due and there is no enough balance in your account for Fidelity bank to do the auto debit, the loan will be on hold. This does not mean you won’t have to repay for the loan gain. Instead, it’s going to be more of a shift for your loan repayment.
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Fidelity Bank will auto deduct their money when money is made available in your account one way or the other.