First Bank of Nigeria – online loan Nigeria
First Bank offers personal loans up to ₦15 million for salary earners. With over 130 years of banking in Nigeria, it is one of the most established lenders in the country.
Applying does not commit you to a loan agreement.
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.
✓ Pros
- Low interest rates compared to digital lenders
- Borrow up to ₦15 million
- Repayment terms up to 5 years
- Over 130 years of operation in Nigeria
- Wide branch network across all 36 states
✗ Cons
- Salary account with First Bank required
- Employer must be on approved list
- Documentation takes time to gather
- Decision takes 24-48 hours
Loan requirements
- ✓ First Bank salary account
- ✓ 3 months recent payslips
- ✓ Employment confirmation letter
- ✓ Valid ID (NIN, passport or driver's licence)
- ✓ BVN
Frequently asked questions
24 – 48 hours after submitting your application.
The minimum amount at First Bank of Nigeria is ₦10,000.
How to log in and sign up to First Bank of Nigeria
First Bank of Nigeria is used through its official app and website (www.firstbanknigeria.com). To sign up, download the official First Bank of Nigeria app or open its website, then register with the details requested — usually your phone number and BVN — and complete the short verification. To log in, open First Bank of Nigeria and sign in with the phone number or email you registered with. Never share your login code, OTP or PIN with anyone, and only use the official First Bank of Nigeria channels.
First Bank of Nigeria customer care and contact
For help with your account, repayments or complaints, contact First Bank of Nigeria through the support options inside the official app or on www.firstbanknigeria.com. First Bank of Nigeria is operated by First Bank of Nigeria Limited. Be cautious of anyone asking for an upfront "processing", "clearance" or "insurance" fee before disbursement — legitimate lenders deduct any fees from the loan, never before it. You can also compare First Bank of Nigeria with other lenders before you decide.