Fidelity Bank – online loan Nigeria
Fidelity Bank offers personal loans and salary advances for public and private sector employees. Amounts go up to ₦10 million with repayment terms up to 3 years.
Applying does not commit you to a loan agreement.
Fidelity Bank PLC is a mid-tier commercial bank licensed by the Central Bank of Nigeria, with a branch network that covers all major cities. Its personal loan product is designed for Nigerian workers in both the public and private sectors who need funds for specific purposes, such as school fees, home repairs, or medical bills.
Salary earners can borrow between ₦50,000 and ₦10 million, repaid over 6 to 36 months. Repayment comes from salary credit, so there is no need to remember payment dates. Rates sit around 24% per annum, which is standard for commercial banks in this category.
Fidelity Bank also offers salary advances, allowing eligible customers to access a portion of their expected salary before the end of the month. This is separate from the personal loan product and carries shorter terms.
How to apply
Applications go through any Fidelity Bank branch. You will need to bring your most recent payslips, an employment letter, and a valid ID. Decisions typically come within 24 hours of submitting complete documentation.
✓ Pros
- Competitive rates for salary earners
- Borrow up to ₦10 million
- Repayment terms up to 36 months
- Separate salary advance product available
- CBN-licensed commercial bank
✗ Cons
- Fidelity Bank account required
- Documentation process takes time
- Only for formal sector employees
- Decisions take up to 24 hours
Loan requirements
- ✓ Fidelity Bank salary account
- ✓ 3 recent payslips
- ✓ Employment confirmation letter
- ✓ Valid ID (NIN slip, voter's card, passport or driver's licence)
- ✓ BVN
Frequently asked questions
24 hours after submitting your application.
The minimum amount at Fidelity Bank is ₦50,000.