Retail TOD

Retail TOD is a short-term credit facility designed to augment working capital requirements for customers (SMEs) against expected cashflow from business.

Loan Information


SMEs with regular cash flow who have maintained an account with First Bank in the last 6 months or 12 months in another commercial bank.

N5million monthly subject to 10% of the customer’s last 6 months credit turnover.

Yes, if the personal account is used to lodge your business proceed. However, you can only take TOD two times, after which you are required to open an account with your registered business name to continue to enjoy the facility.

Useful for urgent financing needs and available throughout the year.

Terms and conditions apply.

See also