First Credit Loan: Code, App, And Apk, Interest Rate

This post is all about first credit loan, code, app and apk download with interest rates and best way to apply with the requirement.

First Credit Loan 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 the customer need is a mobile phone or tablet.

Benefits Of First Credit Loan

• Easy and convenient access to loans to meet needs.
• Quick loan request and disbursal
• No physical documentation is required
• No collateral required
• No hidden fees

First Credit Loan Eligibility

• The customer’s account must have been operational in FirstBank for at least 6 months.
• The customer must be linked to a valid BVN.
• Customers must have correctly updated phone numbers
• Customers must have a positive credit record with Credit Bureaus.
• Minimum Loan Amount: N1,000 (One Thousand Naira)
• Maximum Loan Amount: N300,000 (Three Hundred Thousand Naira)
• Loan Tenor: Maximum of 30 days
• Interest Rate: 10% flat
• Insurance: 1% per transaction
• A penal charge of 1% monthly and daily interest of 0.3% applies upon default
• Interest on the disbursed amount will be taken upfront on loan disbursal
• Insurance fee is also taken upfront on loan disbursal

First Credit Loan Application Procedures

• Dial *894#
• Select Loans
• Select FirstCredit
• Select Get a new loan
• Select the account number with which you want to apply for the loan
• Grant data usage consent and accept terms and conditions
• You are presented with 4 loan amount options
• Choose your desired loan amount
• The loan is disbursed into your account

First Credit Loan Code

To apply using USSD code just dail *894#