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First Bank of Nigeria Limited
Get fast, unsecured loans from ₦1,000 up to ₦300,000 with just your phone. No documentation, 8% flat interest, 30-day term. Simple, accessible, and transparent.
FirstCredit from First Bank of Nigeria Limited is a fast and convenient personal loan option for individuals who need quick financial support without visiting a branch. With a flat interest rate of 8% per disbursement and a 30-day tenor, the product is geared towards people who require short-term financing. Loan amounts range from ₦1,000 to ₦300,000, and customers also pay a 5% insurance fee per transaction. There’s no collateral or documentation required—just an active FirstBank account, valid BVN, and a registered mobile number.
How to Apply for FirstCredit
- Dial *894# on your phone
- Select “Loans,” then “FirstCredit”
- Choose your account number and give consent for data usage
- Select your preferred loan amount
- Enter your USSD PIN to complete the process
Key Advantages of FirstCredit
FirstCredit stands out for its accessibility and simplicity. You don’t need collateral or heavy paperwork, making the loan ideal for emergencies or shortfalls.
The application is completed in minutes on your mobile phone, and funding is almost instant after approval. The flat 8% interest rate and transparent costs help with budgeting for repayment.
Notable Drawbacks
The loan term is limited to just 30 days, so it’s not suitable for long-term borrowing. If you fail to repay on time, default fees apply and may affect your future access to loans.
Additionally, the maximum loan amount of ₦300,000 may not meet everyone’s needs, especially for major projects or investments.
Final Verdict
FirstCredit is a solid choice for quick, small loans without the hassle of paperwork. It works best for current FirstBank customers who need fast funds and can repay within a month.
