First Bank of Nigeria – loan application

3.9 / 5  (312 reviews)
Maximum amount ₦15,000,000
Interest from 1.83%
Term 3 – 60 months
Your money in 24 – 48 hours
Apply on official First Bank of Nigeria website ad

Application does not commit you to a loan agreement. Loan is approved by First Bank of Nigeria according to their terms.

Contact

Company First Bank of Nigeria Limited
Address Samuel Asabia House, 35 Marina, Lagos Island, Lagos State

First Bank of Nigeria – repayment table

Estimated monthly repayments at 1.83% monthly interest. Actual terms confirmed upon approval.

Amount \ Term 3 months 6 months 12 months 18 months 24 months
₦500,000 ₦175,817 ₦92,483 ₦50,817 ₦36,928 ₦29,983
₦1,000,000 ₦351,633 ₦184,967 ₦101,633 ₦73,856 ₦59,967
₦1,500,000 ₦527,450 ₦277,450 ₦152,450 ₦110,783 ₦89,950
₦2,000,000 ₦703,267 ₦369,933 ₦203,267 ₦147,711 ₦119,933
₦2,500,000 ₦879,083 ₦462,417 ₦254,083 ₦184,639 ₦149,917
₦3,000,000 ₦1,054,900 ₦554,900 ₦304,900 ₦221,567 ₦179,900

Representative example

Loan amount ₦255,000
Repayment term 12 months
Monthly interest 1.83%
Monthly repayment ₦25,917
Total interest costs ₦55,998
Total amount payable ₦310,998

* Example is for illustration only. Actual terms are confirmed upon loan approval.

Quick overview

Loan amount ₦10K – ₦15.0M
Term 3 – 60 months
Interest from 1.83%
Approval 24 – 48 hours
Age Salary earners
Online application Yes

Requirements

  • ✓ First Bank salary account
  • ✓ 3 months recent payslips
  • ✓ Employment confirmation letter
  • ✓ Valid ID (NIN, passport or driver's licence)
  • ✓ BVN