First Bank Loan Code

Last Updated on March 14, 2022

First Bank Loan code: Borrowing money from First Bank has come a long way, and they have introduced a new way to get a quick loan. You do not need to visit the nearest branch and provide documents before you can get a loan. In today’s guide, I will share with you the code you can use to borrow money from First Bank with your phone.

Getting a loan in Nigeria is inevitable, whether it’s from a loved one or an institution; almost everyone probably has a story where they had to obtain a loan. The First Bank loan is designed to finance that need which made you request for it in the first place.

Are you seeking the code to borrow money from First Bank in Nigeria? You have come to the right place. In this article, I will share with you the code you can use to borrow money from First Bank.

The code to borrow money from First Bank Nigeria is *894*11#. You can access the code on your mobile phone number linked to your First Bank account. Also, it is accessible from all networks in Nigeria, including GLO, MTN, Etisalat, 9mobile, and Airtel.

However, borrowing money from First Bank through the USSD code is available to all First Bank mobile banking customers. Before you can use the code to borrow money from First Bank, you must activate their USSD banking service on your phone.

Take note that access to the First Bank loan code is only available on your mobile phone number linked to your bank account.

Different Types of First Bank Loans

First Bank has a wide range of offers for getting a loan in Nigeria that suits personal and business needs. You might get confused in the process of choosing the right fit. For this reason, we have created this exhaustive list of every single First Bank loan available and how you can get any one of them.

The types of loans you can borrow at First Bank include:

First bank personal loan
First bank business loan
First bank student loan
First bank mortgage loan
First bank auto mobile loan
First bank salary advance loan etc..

1. First Bank Personal Mortgage Loan

First bank personal mortgage loan helps you in buying your first home, constructing or simply renovating? Their flexible home loan will give you the financial boost you need to support your project.

Requirements For Applying:

Application letter
Personal Home Loan Application form
Last 3 months payslip
Statement of accounts
Applicant’s letter of total emolument
Confirmation of applicant’s employer on FBN approved list
Valid title document
Letter for irrevocable domiciliation of salary for the duration of the facility.

How To Apply:

Download the Home Loan Application Form
Complete the form and submit at the nearest FirstBank branch.

2. First Bank Personal Salary Loan

Do you have a salary account with FirstBank, you can get a cash loan of upto 2M without collateral.

Simply fill their Loan Application Form to start enjoying their Personal Loan Against Salary structure which is designed to help you cover pressing financial obligations before pay-day arrives.

Why First Bank Salary Loan:

You get up to 36 months repayment option,
Subject to retirement age of 60 years and the Repayment Structure is Flexible.
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.

Requirements And How To Apply:

Application letter
Personal Loan Application form
Payslip
Statement of accounts
Applicant’s letter of total emolument
Confirmationof applicant’s employer on FBN approved list
Letter of irrevocable domiciliation of salary for the duration of the facility.
Complete the form and submit at the nearest FirstBank branch.

3. First Bank Car Loan

Do you want to get your first car or even upgrade your old car with the first bank flexible automobile loan, you can get your dream and perfect car.

4. First Bank Joint Mortgage Loan

With the first bank Joint Mortgage loan, you and your spouse or business partner can easily buy a property that either party could ordinarily not have been able to purchase as individuals.

This loan is flexible and repayment pressure is reduced.

Features Of Joint Mortgage Loan:

Applicants are legitimate couples or registered partners
Repayment capacity is on both applicants
Applicants are both financially committed
Applicants are joint and co-owners of the property
Loan obatainable is N70 million
Maximum tenor of 240 months (20 years), subject to 60 years retirement age
Minimum equity contribution of 20-30% depending on the location.

Why Get A Joint Mortgage Loan:

Flexible repayment structure
Loan repayment is distributed between the spouses easing up repayment pressure
Competitive interest rates.

Required Documents Needed To Apply:

Consumer Loan Request Form
Status Enquiry of Employer form
Current 3-6 months payslip
3-6 months Bank Account Statement
3 passport photographs
Means of Identification- Driver’s License/International Passport/National Identification
Utility Bill of residence/Company address
Letter of recent remuneration
Current account with First Bank
Letter of Introduction from employer.

How To Apply:

Download the Consumer Loan Application Form
Completet the form and submit to the Retail Team at the nearest First Bank branch.

Other Financing Options Offered By First Bank Loan

First Bank Student Loan

This type of loan is actually for students or parents who want to train their kids in school.

First Bank Medical Bills Loan

Request and apply for first bank medical bills loans through their website.

First Bank Holiday Finance

Planning a holiday and needs financial support? With a First bank holiday loan, you can cover all expenses and travel to anywhere you want.

How to Pay Back First Bank Loan

When you receive a loan from First Bank, they will duly inform you on how to repay the loan.

For most of the products, you will pay monthly installments after about 30days of receipt. This amount is automatically deducted from your account every month, to save you from the stress of visiting your banks.

This is not just peculiar to Acess bank. It is the same method adopted for FCMB Loans, and so on.

Conclusion

Banking systems provide many new convenient features for customers, and First Bank is no exception. They offer some of the best loans for its customers to assess, and their loan services are diversified, meaning there’s something for everyone.

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First Bank Loan Code | How To Borrow Money From First Bank