Real Sector Support Facility

Are you a start-up business or a large enterprise working on expansion? This special intervention fund of N300 billion established by the Federal Government through the Central Bank of Nigeria (CBN) is available to assist your business’s financing needs by providing low interest, long-tenured funds.

Features

  • Minimum and maximum single obligor limits are N500m and N10b respectively.
  • The scheme would terminate on December 31, 2030.

 

Benefits

  • Low interest rate to customers (9% all-in, max).
  • Available for start-ups.
  • Long-tenured (up to 10 years).

 

Who Can Apply

Large Corporate (wholly owned by & Managed as Nigerian Private Ltd Liability Coy) with Min single obligor limit of N500m.

 

Required Documents

  • Formal application for a credit Facility.
  • Certificate of Incorporation
  • Memorandum and Article of Association (MEMART)
  • Board Resolution to Borrow
  • Feasibility Study/Business Plan.

To take up our facilities, contact the Agric Finance Desk through email on:

agric@firstbanknigeria.com

1) What is RSSF?

  • Special intervention fund of N300bn established by the Federal Government through the CBN to address the financing needs of start-ups and expansion projects of large enterprises by providing low-cost, long-tenured fund to such enterprises.

2) Who Can Participate?

  • Large-scale enterprises in the manufacturing, services and agricultural value chain wholly-owned and managed as a Nigerian private limited company.
  • Start-up projects can apply.

3) What is the interest rate?

  • Maximum of 9% all-in.

4) How do I qualify for this facility?

  • No record of non-performing loans with any financial institution.
  • Minimum and maximum single obligor limits are N500m and N10b respectively.
  • Collateral includes landed property with EFSV of 130% of facility limit, lien on assets/commodity being financed, all assets debenture on assets  and Guarantee of Promoters/Directors for the bank’s exposure.

5) What are the required documentations?

  • Formal application for a credit Facility.
  • Certificate of Incorporation.
  • Memorandum and Article of Association.
  • Board Resolution to Borrow.
  • Feasibility Study/Business Plan.
  • Business plan including cash flow projection with assumptions, marketing plan, repayment plan, draw down schedule, Profit & Loss and Balance Sheet projections.
  • Audited or management account for the past 3 financial years.

6) Can a business name apply?

  • You have to be a registered incorporated company having a competent management structure.

7) Can I apply at any branch? 

  • Yes, you can walk in to the nearest FBN branch to apply.

8) How soon can I get my loan approved? 

  • This depends on different variables like; your business plan, cash flow, swift provision of accurate documentations and adequate collateral.

9) How soon can I get the facility after approval?

  • This depends on duration of receipt of funds from CBN after due diligence.

10) Can I get a longer tenor for my facility?

  • It is long-tenured (up to 10years).

11) Can a farmer use his farmland as collateral for Agricultural Loan?

  • No, farmland is not on the list of acceptable collateral under Agricultural Finance.

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FirstBank Privacy Policy for IBM DNA E-Learning

YOUR PRIVACY FIRST

At First Bank Nigeria Limited, we put you first and are thus committed to protecting and respecting you privacy. We are committed to being transparent about how we collect, process, share and manage data about you (our customers and staff).

  1. FIRSTBANK AND YOU

This privacy policy stipulates the bank’s approach to handling your data and your rights in the course of providing you with the IBM DNA learning platform to meet your needs.

  1. YOUR PERSONAL INFORMATION

In the course of consuming the services provided to you by IBM through FirstBank, we collect information you provide us via online registration forms and correspondence by mail etc. The information we collect may include but not limited to identity information, location, contact information and education level.

  1. CONSENT

We don’t ask for your personal information unless we need it to provide services for you. You will be considered to have given our consent to FirstBank for processing your personal data when;

  1. USE OF YOUR INFORMATION

FirstBank will process our information for the following purposes;

FirstBank will limit the collection and use of your personal information for the stated purposes.

  1. INFORMATION SHARING AND DISCLOSURE

To ensure access to the e-Learning platform and in furtherance of your own learning objectives, FirstBank and our partners may share data you provide us with our service partners specifically in scope of this engagement to support your learning objectives. Data will be processed within systems owned and operated by any of the parties involved in the delivery of the e-learning service to you. The processing may occur in locations (some outside Nigeria) with different levels of data privacy maturity but from where these services are most effectively rendered.

  1. YOUR RIGHTS UNDER THIS POLICY

The following rights are available to you under this policy:

I disagree. Opt Out

FirstBank Privacy Policy for Roducate

YOUR PRIVACY FIRST

At First Bank Nigeria Limited, we put you first and are thus committed to protecting and respecting you privacy. We are committed to being transparent about how we collect, process, share and manage data about you (our customers and staff).

  1. FIRSTBANK AND YOU

This privacy policy stipulates the bank’s approach to handling your data and your rights in the course of providing you with the Roducate learning platform to meet your needs.

  1. YOUR PERSONAL INFORMATION

In the course of consuming the services provided to you by Roducate through FirstBank, we collect information you provide us via online registration forms and correspondence by mail etc. The information we collect may include but not limited to identity information, location, contact information and education level.

  1. CONSENT

We don’t ask for your personal information unless we need it to provide services for you. You will be considered to have given our consent to FirstBank for processing your personal data when;

  1. USE OF YOUR INFORMATION

FirstBank will process our information for the following purposes;

FirstBank will limit the collection and use of your personal information for the stated purposes.

  1. INFORMATION SHARING AND DISCLOSURE

To ensure access to the e-Learning platform and in furtherance of your own learning objectives, FirstBank and our partners may share data you provide us with our service partners specifically in scope of this engagement to support your learning objectives. Data will be processed within systems owned and operated by any of the parties involved in the delivery of the e-learning service to you. The processing may occur in locations (some outside Nigeria) with different levels of data privacy maturity but from where these services are most effectively rendered.

  1. YOUR RIGHTS UNDER THIS POLICY

The following rights are available to you under this policy:

I disagree. Opt Out

E-Learning Roducate Registration

If you are 18 years and above, kindly complete the form below.

If you registering for someone below 18 years, please provide your details under Parents/Guardian

Name of student:

Gender:
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Email address:

Mobile telephone number:

Name of School:

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For Parent / Guardian

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E-Learning IBM-DNA Registration

If you are 18 years and above, kindly complete the form below.

If you registering for someone below 18 years, please provide your details under Parents/Guardian

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FirstBank Privacy Policy for Curious Learning

YOUR PRIVACY FIRST

At First Bank Nigeria Limited, we put you first and are thus committed to protecting and respecting you privacy. We are committed to being transparent about how we collect, process, share and manage data about you (our customers and staff).

  1. FIRSTBANK AND YOU

This privacy policy stipulates the bank’s approach to handling your data and your rights in the course of providing you with the Curious Learning platform to meet your needs.

  1. YOUR PERSONAL INFORMATION

In the course of consuming the services provided to you by Curious Learning through FirstBank, we collect information you provide us via online registration forms and correspondence by mail etc. The information we collect may include but not limited to identity information, location, contact information and education level.

  1. CONSENT

We don’t ask for your personal information unless we need it to provide services for you. You will be considered to have given our consent to FirstBank for processing your personal data when;

  1. USE OF YOUR INFORMATION

FirstBank will process our information for the following purposes;

FirstBank will limit the collection and use of your personal information for the stated purposes.

  1. INFORMATION SHARING AND DISCLOSURE

To ensure access to the e-Learning platform and in furtherance of your own learning objectives, FirstBank and our partners may share data you provide us with our service partners specifically in scope of this engagement to support your learning objectives. Data will be processed within systems owned and operated by any of the parties involved in the delivery of the e-learning service to you. The processing may occur in locations (some outside Nigeria) with different levels of data privacy maturity but from where these services are most effectively rendered.

  1. YOUR RIGHTS UNDER THIS POLICY

The following rights are available to you under this policy:

I disagree. Opt Out

E-Learning Curious Learning

For Parent / Guardian

Name of parent/ Guardian of child

Email address:

Mobile telephone number:

Parents should kindly complete the form below for their wards.

Name of student:

Gender:
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Age:

Name of School/location:

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