You might need a loan to sustain and expand your business, buy your dream car, or a student loan from First Bank Nigeria but don’t know how to go about it. Then this article will guide you with detailed information on how to get a loan from First Bank Nigeria.
At the end of this guide, you’ll be fed with detailed information that can help you know whether you qualify for a loan, the type of loans available, and documents you’ll have to provide to get a loan on First Bank Nigeria.
Many financial institutions provide the services of loans to customers, but the loan service provided by First Bank Nigeria never leaves out any customer, no matter your source of income or financial status.
First Bank Nigeria provides several loan services, covering business loans, home loans, automobile loans, student loans, and many others.
If you are prepared to be more informed about getting a loan on First Bank, we will proceed with more detailed information on First Bank loans.
Who Qualifies To Get Loan From First Bank
Qualifying for a loan with the First Bank Nigeria depends on the type of loan you want. Every loan provided by the bank comes with its terms and conditions and the type of documents that has to be provided to prove that you qualify for the loan.
In addition, one has to have an active bank account with the FirstBank to qualify for any type of loan you want to apply for with the institution.
Types Of First Bank Nigeria Loans
The list below are some of the loan services provided by the First Bank:
⦁ Personal home loans
⦁ Automobile loans
⦁ Personal loan against salary
⦁ Agent credit
⦁ Secured overdraft
⦁ Contract finance
⦁ Secured term loans
⦁ SME products financing
⦁ Local purchase orders finance
⦁ Operational vehicles
⦁ FirstEdu loan
⦁ Revenue loans and overdraft
⦁ Commercial mortgage
⦁ Health Finance product guidelines
⦁ Health finance
⦁ First trader solutions (FTS)
Things You Will Need To Get A Loan From First Bank
Below are some of the requirements that have to be provided to help get a loan on FirstBank:
1. Loan application letter
2. Loan application form
3. Active email address
4. Active phone number
5. Residential address
6. Bank verification number (BVN)
7. Active first bank account
How To Get Loan On First Bank Nigeria
Follow the steps below to get a loan from First Bank Nigeria:
1. Visit the First Bank Nigeria loan application website by clicking on this link https://www.firstbanknigeria.com/personal/loans/loan-application-form/
2. On the loan application website, you will be presented with a loan application form to fill in the details
3. Fill in the accurate personal information details
4. Provide your employment details
5. Choose the loan/credit services you want to apply for
7. Click on the “send request” button
Also, you can download a loan application form, fill in the details and submit your form to any nearest First Bank branch for your request to be processed.
How Long Does It Take To Get A Loan From First Bank
The duration to process your loan request differs depending on the type of loan you apply for, some loans provided by the bank take time to process, and others are instant to get.
That is all you must know on how to get a loan from First Bank Nigeria.