The Personal Loan Against Salary (PLAS), which is targeted at salary account holders is designed to provide finance for individuals in paid employment to meet long term personal needs eg vacations, payment of children’s school fees, rent obligations, furnishing of homes or investment for the future. Salary account holders who have existing Personal Loan with the bank and have been faithful in their monthly repayment obligation can be availed a Top Up on their existing loan. We also offer Personal Loan Buy-Over for employees in approved organizations that want to move their salary account to First Bank.

With the Personal Loan Against Salary:

• You get up to 60 months repayment option, subject to your retirement age.
• A guarantor is not required.
• The processing time is quick.
• Equity contribution is not required.
• Minimum documentation is required.
• Your Salary Account must be domiciled with FirstBank for the period the facility is in place
• Flexible repayment structure.

To apply for the Personal Loan Against Salary, you will need the following documents:

• Personal Loan Application form (Click here to download form)
• Valid copy of acceptable Identification e.g. Driver’s license, International Passport or National Identity card.
• Letter of irrevocable domiciliation of salary from your employer undertaking to domicile salary for the duration of the facility.
• Complete the form and submit at the nearest FirstBank branch