FirstCredit

FirstCredit is a product designed to provide you with a quick and simple loan to fund your transactions.  Loans can be accessed from anywhere without visiting the Bank.

Loan Information

FAQs

FirstCredit is a product designed to provide you with a quick and simple loan to fund your transactions.  Loans can be accessed from anywhere without visiting the Bank.

No documentation or collateral is required, all you need is a mobile phone or tablet.

You can access FirstCredit by dialing *894# and then follow the below steps:

  • Select 3. Loans
  • Select 1. FirstCredit
  • Select your account number
  • Select 1 to give consent
  • Select your desired loan amount
  • Input your USSD 5-digit PIN

 

Other channels (FirstMobile & FirstOnline) will be included soon.

You can get up to N300,000.00 depending on your account activities.

The maximum tenor is 30days; however, you have the option to decide if you want to pay up the loan before 30days.

The interest rate is 5% flat on the principal amount; a penal charge as defined in the terms and conditions applies on unpaid loans at expiration of the tenor.

Yes – 1% insurance 

You must have been in a relationship with the Bank for at least 6 months.  And must also:

  • Have a valid BVN
  • Not have a bad loan
  • Transact often on your account

No.  You must use the mobile number activated for USSD

  • Dial *894*0#
  • Select register for customer
  • Selects ‘Register for 894Banking
  • Selects PAN of active debit card and inputs 4-dgits Card PIN
  • Generates 5-digit USSD PIN

No. You can apply from anywhere using your mobile devise by dialing *894#

and then follow the below steps:

  • Select 3. Loans
  • Select 1. FirstCredit
  • Select your account number
  • Select 1 to give consent
  • Select your desired loan amount
  • Input your USSD 5-digit PIN

 

Other channels (FirstMobile & FirstOnline) will be included soon.

Ensure improve activities on your account and always repay outstanding loans promptly

Ensure improve activities in your account and always repay outstanding loans promptly

You will be charged a default fee and may also be unable to access more loans

Call our FirstContact on 07080625000 to confirm

Dial *894# and choose the repay loan option

No.  You will have to repay your existing loan to qualify for a new one.

Yes. You can access FirstCredit with any kind of phone

Yes, you can access the loan from anywhere and at anytime using your mobile device

Call our FirstContact on 07080625000 for resolution of your complaint

See Also