Personal Loan Against Salary
This product is designed to assist customers meet personal financial needs.
- Up to 36 months repayment option subject to retirement age of 60yrs
- No security/guarantor
- Faster Processing
- No equity contribution
- Minimum documentation
- Irrevocable domiciliation of salary for the duration of the facility is in place.
- Competitive Rates
- Easy access to finance
- Flexible repayment structure
- Application letter
- Duly completed Personal Loan Application form
- Statement of accounts
- Applicant's letter of total emolument
- Confirmation of applicant's employer on FBN approved list
- Letter of irrevocable domiciliation of salary for the duration of the facility
- Other KYC documentation for account opening
Is credit insurance premium mandatory for this product?Yes.
Can you avail personal loan against salary to salary account holders in other banks?
No, domiciliation of salary with FirstBank is compulsory.