First Bank of Nigeria – online loan Nigeria

First Bank of Nigeria has been lending to individuals and businesses since 1894. For personal borrowers, the bank offers salary loans, quick credit, and vehicle financing through its branch network and the FirstMobile app.

Loan amounts reach up to ₦15 million for qualified salary earners. Repayment terms stretch to 60 months, which keeps monthly instalments manageable even on larger amounts. Interest rates are tied to the prevailing monetary policy rate and are generally lower than what you will find with most digital lenders.

Applications can be submitted through any First Bank branch or via the FirstMobile app. Existing customers with a salary account typically receive faster decisions, often within 24 hours of submitting complete documentation.

Requirements and eligibility

First Bank lends primarily to salary earners whose employers are on its approved employer list. You will need to have your salary paid into a First Bank account and provide recent payslips, an employment letter, and a valid government-issued ID.