“There is always a lot to spend money on, and sometimes the bills can’t wait for the salary to be paid,” Tope complained when his wife informed him that they had run out of cooking gas and had to refill.
He had just moved to a new location with his family and the bills seemed to be coming at such speed that he could hardly keep up. Barely three weeks in the new apartment, the electricity bill had arrived. The new apartment was bigger than the last and their two double-seater cushions left too much space vacant in the seating room. They needed to get a couple more furniture to fill the space. His wife had not stopped reminding him of the car he promised to get, in order to ease mobility for the family.
Everyone has been a Tope at some point in time, and that is why everyone needs a financial partner like FirstBank, Nigeria’s premier and leading financial services brand. FirstBank offers a variety of loan products that can help you ease off pressure as you work towards meeting pressing and urgent needs, as well as medium-term goals.
FirstAdvance is a digital product tailored for Salary Account holders, who have an urgent cash need and would want to access salary advances from the bank. If you have held a salary account with FirstBank for up to two months, you can access 50% of your monthly net salary and as much as half a million naira (N500,000).
A physical visit to the bank branch is not required as you can access it via the FirstMobile (FirstBank’s Mobile banking app) and USSD channels. To access the service via USSD, dial *894*11# from the phone number linked with your FirstBank account. This has proved to be the solution for many people while emergencies arise before payday. There is no point in waiting for month-end before you can take on those pressing financial obligations.
FirstCredit is another digital product designed to cater for non-salaried individuals. All that is required is for your account to have been active and transacting in FirstBank for six months or more to access FirstCredit. It provides customers with quick and easy access to loans to fund urgent transactions. You do not need a smartphone or a physical visit to the bank to get this done as well. This credit facility can be accessed using a mobile phone and the USSD banking code, *894*11#. You can access as much as N300,000 to be repaid within 30 days.
No physical documentation or collateral is required, neither do you need a physical visit to the bank to access both loans. Imagine the confidence that comes with sorting out your bills within minutes and without having to wait till month-end.
Salary accounts should do more than receiving your monthly pay from your employer. It should be instrumental in making your day-to-day living easier, and this is what having your salary account with FirstBank can achieve for you. You can get a Personal Loan Against Salary (PLAS) if you have a longer-term project at hand or investments to make. It may be paying school fees for your kids, acquiring assets or renovating your properties, paying rent, taking professional examinations. A customer who qualifies can access up to N50 million based on their net monthly income and rates are competitive, while offering long term and flexible repayments up to 48 months tenor.
Despite all these benefits and ease in access to loans, it literarily costs nothing to open a FirstBank Salary Account. Zero opening balance, Zero minimum daily operating balance, Zero account maintenance charge, plus you even get your first debit card issued for free.
Truly, it is always “YOU FIRST” from FirstBank.
Good morning, I am happy reading about this wonderful programme by first bank .
Please is there any interest attached to the loan and what is the percentage.
I look forward to getting a feedback from you.
Thanks
Is good idea
Good morning and thanks for this message very happy seeing the step first bank is taking to help the People I pray because you want me to use this opportunity but please this salary account can someone make it for himself without the company like let me say if one receive salary by hand can he/she go and deposit it to his salary account by himself and withdraw it back to do whatever I want to do this just to have the salary account and again what is the interest rate of every amonth one collect thanks God bless first bank and God bless Nigeria.
This is a good idea but it didn’t capture senior citizens who might have banked with the bank all their working years and are now pensioners. They may need to pay bills too or sort out one or two things before they’re paid.
Have been trying to access the loan and I was told that am not eligible. First bank have been my salary account for 10yrs na
What are the terms and conditions applied for personal loan against salary, and a salary account holder with a net pay of 63k what’s the maximum amount can he get, to pay back within the tenor of 36mnt, also what’s the interest rate? Looking forward for your response. Me first.