Personal Loan Against Salary

Maintain your salary account with us and enjoy the Personal Loan Against Salary facility. This loan is designed to help you meet personal financial needs without having to wait for pay-day. It is simple, easy and straightforward.

Features

  • Up to 36 months repayment option subject to retirement age of 60 years
  • No security/guarantor
  • Faster Processing
  • No equity contribution
  • Minimum documentation
  • Irrevocable domiciliation of salary for the period the facility is in place.

 

Benefits

  • Competitive Rates
  • Easy access to finance
  • Flexible repayment structure.

 

Required Documents

  • Application letter
  • Personal Loan Application form
  • Payslip
  • Statement of accounts
  • Applicant’s letter of total emolument
  • Confirmation of applicant’s employer on FBN approved list
  • Letter of irrevocable domiciliation of salary for the duration of the facility.

 

Who Can Apply

Employees in paid employment.

To apply for a Personal Loan Against Salary,

1) Is credit insurance premium mandatory for this product?

  • Yes, it is.

2) Is personal loan against salary to salary account holders in other banks?

  • Applicants must have their salary account with FirstBank.

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