How To Apply For Personal Loan From FirstBank

A personal loan is a fixed amount you borrowed at a fixed rate, and repaid over a fixed time. It is typically unsecured loan which helps you meet your current financial needs. Its usually doesn’t require collateral. In this post, you will learn how to apply for personal loan from First Bank of Nigeria

One good thing about the First Bank personal loan is that they provide borrowers with the flexibility to use the fund as per their need.

You can use personal loan to cover an emergency expense, consolidating debt, and financing of a large purchase. If you need free-interest loan, check out list of federal government loans.

Features of the First bank personal loan

It is flexible to meet individual needs
Loan amount is up to 75% of your net annual salary, for applicants with terminal benefit). And up to 50% of your net annual salary, for applicants without terminal benefit.
Loan tenure is up to 3 years (36 months).
Credit life insurance
A guarantor is not required
The processing time is quick
Equity contribution is not required.
Your Salary Account must be domiciled with FirstBank for the period the facility is in place Flexible repayment structure