- Back to:
Merchant Credit
Merchant Credit is a digital lending solution which is aimed at providing digital loans to merchants who specifically use the First Bank POS terminal.
Loan Information
Description
Loan Ranges
Tenor Options
Channels
Terms & Conditions
Description
Merchant Credit is a digital lending solution which is aimed at providing digital loans to merchants who specifically use the First Bank POS terminal. This digital loan fills the product gap of providing operating capital for merchant businesses (having First Bank POS terminal) with accessible, convenient, and easy to repay loans, also they are provided with varieties of flexible loan tenure.
Loan Ranges
20% of average monthly turnover for a period of 3months subject to a maximum limit of N1,000,000
Tenor Options
- 1 Day
- 7 Days
- 14 Days
- 30 Days
Channels
- FirstMobile App
- POS Terminal
Terms & Conditions
