FIRST BANK LOAN CODE: This post contains every single detail on how to borrow money from First Bank.
Are you an First Bank account holder in need of an instant loan using your phone? The First Bank loan service got you covered.
First Bank offers one of the best bank loan services in Nigeria, both for businesses and individuals. Unlike traditional bank loans, you don’t need any collateral to access some of First Bank’s loans.
That’s not all, but with just your phone, you can dial the First Bank loan code and get your loan disbursed into your account within a few minutes.
Whether you’re looking for the code to borrow money from First Bank, how to get loan from First Bank using your phone, or how to apply for First Bank loan at a bank branch, we’ve got you covered.
In this post, you’ll discover how to be eligible for the loan, how to apply, its interest rate, and also how to repay First Bank loan.
Without further ado, let’s get started!
About First Bank Loan
First Bank is a leading financial institution in Nigeria, with a wide range of products and services to meet the needs of its customers.
One of the most in-demand services from First Bank is its loan facility, which is designed to provide financial assistance to individuals and businesses alike.
Just like some loan apps in Nigeria like Fairmoney, using the First Bank loan code to apply for loans from First Bank doesn’t require collateral or a guarantor.
Both the loan request and the disbursal process are fast. Within just a few minutes of applying for a loan from First Bank, the money will be disbursed into your account if approved.
Keep in mind that First Bank offers different types of loans. Therefore, not all First Bank loans can be accessed through First Bank quick loan code.
Related: How to Borrow Money from Zenith Bank
Loan Offers for First Bank Users
First Bank offers various types of loans to meet the financial needs of its customers. Let’s take a closer look at each one.
FirstCredit is a loan product that provides quick and easy access to funds for your transactions. You can access loans from anywhere without having to visit the bank, and no collateral or documentation is required.
All you need is a mobile phone or tablet, then dial the First Bank quick loan code, and follow the prompt.
First Bank Personal Loans
Whether you’re buying your first home, renovating, or constructing, the First bank flexible home loan can provide the financial boost you need to support your project.
First Bank Salary Loan
If you have a salary account with FirstBank, you can apply for our Personal Loan Against Salary to cover pressing financial obligations before payday arrives.
This loan has a long loan tenor ranging up to 36 months with reasonable interest rates.
Read Also: All First Bank USSD Code
FirstAdvance is a digital lending solution designed to provide convenient and easy access to cash for payroll customers awaiting payment of their salaries.
This First Bank loan is available to salary earners whose accounts are domiciled with FirstBank and who have received regular salaries in the last six months or more.
The maximum amount accessible is N500,000.00, subject to 50% of the net average three months’ salary, whichever is lower.
First Bank Joint Mortgage
With the Joint Mortgage loan from First Bank, you and your spouse or business partner can easily buy a property that either party could not have purchased individually.
This loan is available to employees in paid employment and self-employed professionals.
The obtainable loan amount from this product is N70 million, and it comes with a long tenor.
First Bank Automobile Loans
If you’re looking to purchase your dream car, First Bank Auto Loan can help you do it sooner than you think.
Businesses can also apply for this loan to acquire vehicles for their day-to-day operations or other purposes. This loan is available to employees in paid employment.
Firstmonie Agent Credit is a digital lending solution designed to provide bridge finance to help our agents solve liquidity challenges resulting from depleted account balances, even when they have physical cash at hand.
While all these loans are good options to obtain credit as a First Bank account holder, the easiest one to obtain is FirstCredit. This is because you can use the First Bank loan code to get it in minutes.
See Also: List of Loans in Minutes in Nigeria
How to Be Eligible for First Bank Loan
Before you can use the First Bank loan code to apply for a loan from First Bank, you must meet certain eligibility criteria. These include.
- You must be at least 18 years old
- You must have an active account with First Bank
- Have a steady source of income
- Have a good credit history
Once all these requirements are met, you can now apply for First Bank loan on your phone.
Applying for a loan from First Bank is easy and straightforward. You can apply via USSD code, First Bank Mobile App, First Bank Website, or First Bank Branches.
From the USSD code to get loan from First Bank, let’s see how to apply for First Bank instant loan.
First Bank Loan Code
To get a loan from First Bank using USSD code, dial *894*11#, and then follow the prompts. Enter your personal details, followed by the loan amount you want to request, and select your preferred loan tenor.
You can also dial *894#, and select “FirstCredit” to get a quick loan from First Bank. Once all this is done, confirm your loan request and your loan will be processed.
After using the code for First Bank loan provided above, your loan application will be looked into, and if approved the loan will be disbursed into your First Bank account.
Related: UBA Loan Code to Borrow Money
How to Borrow Money from First Bank Using App
Aside from using the First Bank phone loan code to borrow money from First Bank, you can also use the First Bank app to get a loan.
To use the app for First Bank instant loan, follow the steps below.
- Log in on the First Bank app
- Click on the “Loans” option
- Select your preferred loan type
- Enter the amount you want to borrow
- Select your preferred tenor
- Submit your loan application
- Once approved, it will be disbursed into your First Bank account.
That’s simple how to get loan from First Bank using the mobile app. You can also apply for a First Bank loan by visiting the bank branch. Let’s see how.
How to Borrow Money from First Bank Branch
Apart from using the First Bank loan code and First Bank loan app, you can also get quick loans from First Bank by visiting the bank branch. Here’s how to do that:
- Visit your nearest First Bank branch with a valid form of identity and address verification.
- Ask the customer agent about their loan service, and get a loan application form.
- Fill out and submit a completed loan application form with supporting documents.
- Execute an offer letter detailing the loan terms and requirements, following loan approval.
- The loan will be disbursed into a salary account domiciled with the Bank.
Note: Do not forget to get a copy of the loan agreement from the bank’s customer service officer before leaving the bank premises.
Read Also: How to Borrow Money from Opay
First Bank Loan Interest Rate
Since First Bank offers different loan types, the interest rates for its loans vary. You can visit the First Bank website to find out about your preferred loan type current interest rate.
Keep in mind that these rates shall be subject to review from time to time in line with the prevailing money market condition.
After securing a loan with the First Bank loan code, you must start preparing for repayment. Therefore, let’s see how to repay First Bank loan.
How to Repay First Bank Loan
To repay your First Bank instant loan, all you need to do is have enough money in your account to repay on the due date, then First Bank will automatically deduct the loan amount from your account.
After that, you’ll get a notification (SMS and/or Email) confirming your loan repayment.
Once your loan is cleared, you can use the USSD code to borrow money from First Bank to access another loan.
Have more questions about the First Bank quick loan code? Find your answers below.
Check Out: List of Agricultural Loans in Nigeria
First Bank FirstCredit 2023 – FAQs
How much can First Bank borrow me?
The amount you can borrow from First Bank depends on the type of loan you are applying for and your eligibility. However, the First Bank personal loan amount ranges from N5,000 and above.
Does First Bank have a loan app?
Yes, you can use the First Bank mobile app to access loans.
Does First Bank have payday loan?
Yes, First Bank has a payday loan, also known as a Personal loan or salary advance. You can access this loan by simply dialing *894*11#.
Which code is *894*11?
*894*11# is the First Bank quick loan code.
Read Also: KiaKia Loan USSD Code to Borrow Money
Can a student get loan from First Bank?
Yes, students can get loans from First Bank. However, they must meet the bank’s eligibility criteria and provide the necessary documents to support their loan application.
How can I borrow 20000 from First Bank?
You can borrow 20,000 from First Bank by using the First Bank FirstCredit USSD code: *894*11#.
How do I check my First Bank loan eligibility?
You can check your First Bank loan eligibility by simply dialing *894*11#.
What is the code to borrow loan from First Bank?
The code to borrow a loan from First Bank is *894*11#. Simply dial the code and follow the prompts to apply for a loan.
How can I get First Bank loan without collateral?
You can get a First Bank loan without collateral by applying for their Click Credit loan or salary advance. These loans are designed to meet short-term financing needs and do not require collateral.
What is the code to check my First Bank loan balance?
To check your First Bank loan balance, dial *894*11# and follow the prompts.
How do I get First Bank phone loan?
To get a First Bank phone loan, you can download their loan app called QuickBucks from the Google Play Store or Apple App Store. You can also dial the Access loan code and follow the prompts to apply for a loan.
First Bank provides a wide range of loan options to meet the diverse financing needs of its customers. From personal loans to business loans, salary advances, and Click Credit loans, First Bank has different loan products to cater to different financial requirements.
With its First Bank app for loan customers can conveniently apply for a loan from the comfort of their homes. Customers can also use the First Bank USSD code for loan to borrow money using their phones.
The bank’s loan products also come with competitive interest rates, flexible repayment terms, and no collateral requirements for some loans. However, before applying for a loan, it is important to read and understand the terms and conditions of the loan and ensure that you can comfortably repay the loan on time.
With this post providing you with full insight into how to borrow money from First Bank, how to get loan from First Bank, and how to use the First Bank loan code, also known as loan code for First Bank, we believe you can now easily access loans that fit your purpose.