Are you looking for a way to apply for loan from FirstBank in Nigeria? Well, there are not too many places to get quality banking and finance guides than NaijaKnowHow. In this article, we will show you how to borrow money from FirstBank.
FirstBank offers loan options for its customers, while there might not be many popular loan packages. If you need good loans to sort out expenses, you’ll get some from First Bank. In one of our articles, we talked about how you can borrow money from FirstBank with USSD Code.
If you’ll like to apply for loan from FirstBank via their website, then this is the right guidance you need to follow. The online loan application from FirstBank makes it easier to apply for loans, we will walk you through the whole process of filling out the form.
How to Apply for Loan From FirstBank in Nigeria
FirstBank offers up to 0.5% to 15% interest rate depending on the loan repayment duration that you choose. This interest rate is one of the best you’ll get from commercial banks like FirstBank. There are loan apps with low-interest rates as well, but if your choice is FirstBank, then let’s begin.
Requirements to Apply for FirstBank Loan
In order to get a loan offer or before you can borrow money from FirstBank. The following requirements must be met.
- You must be an active FirstBank Customer.
- You must have received salary payments in 2-3 months with FirstBank.
- You must have a good and clean credit score.
- A registered phone number that links to your FirstBank account.
- Bank Verification Number (BVN)
Steps to Borrow Money from First Bank in Nigeria
Step 1: There’s an online loan application form from FirstBank. To get started, visit the Firstbank Loan application form, you can do that by clicking this link (https://www.firstbanknigeria.com/personal/loans/loan-application-form/).
Step 2: You have to make sure you go through the form very well and not just fill in any how information. In the first section of the form, enter your name, marital status, date of birth and residential address. You’ll also need to provide your BVN and account number.
Step 3: In the second part of the form, enter your employment details. The name of your occupation or the type of business you’re into, and enter your office address.
Step 4: Under Loan/Credit Services, choose the type of loan you want to apply for and enter the loan amount. And lastly, select your repayment tenure. There’s a box below that says “Loan Purpose” endeavour to give reasons why you want to apply for a loan from FirstBank. Once done, hit the submit button and await the approval status for your loan.
In conclusion, this is the simplest way you can get a loan from FirstBank. All you have to do is provide the correct information that is being requested in the loan application form. While there is no guarantee that all loan requests would be approved, you can also give it a try.