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

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

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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.

First Credit Loan
First Credit Loan

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
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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
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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#

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