First Bank of Nigeria – Loan details
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.
Loan amount
₦10K – ₦15.0M
Interest from
1.83%
Term
3 – 60 months
Approval
24 – 48 hours
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
Requirements
- First Bank salary account
- 3 months recent payslips
- Employment confirmation letter
- Valid ID (NIN, passport or driver's licence)
- BVN
Company information
First Bank of Nigeria Limited
Samuel Asabia House, 35 Marina, Lagos Island, Lagos State
https://www.firstbanknigeria.com
This document is for informational purposes only. Always verify current terms and conditions directly with the lender before signing any agreement. CoolFinance.com.ng is an independent comparison portal operated by double technology s.r.o., Czech Republic.