The Automobile Loan product (Auto Loan) gives employees the opportunity to acquire brand new vehicles from reputable vendors with a flexible repayment plan over a period.

• Maximum loan amount of N20million
• Up to 48 months tenor (four years)
• Equity contribution is 30% of invoice value
• Finance available only for brand new vehicles.
• Open to salaried income person whose salary is domiciled in First Bank or who want to move salary account to First Bank
• Flexible repayment structure
• Highly competitive interest rates
• Access to a wide range of vehicle brands and models

• Auto Loan application form
• Proforma Invoice
• Valid copy of acceptable Identification e.g. Driver’s license, International Passport or National Identity card.
• Letter of irrevocable domiciliation of salary for the duration of the facility.

Salaried individuals in paid employment

To apply for the Auto loan,

• Download the Auto Loan Application Form
• Complete the form and submit at the nearest FirstBank branch
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