FirstBank Nigeria
Get up to 60 months’ repayment on Personal Loan Against Salary. No guarantor or equity needed. Quick processing and top-up options available.
The FirstBank Personal Loan Against Salary is a reliable solution for salaried individuals in Nigeria who need financial flexibility. This loan offers up to 60 months for repayment, no need for a guarantor, and a straightforward application process. Salary account holders can also request a top-up on existing loans, which boosts convenience. While the exact interest rate depends on personal profile and company assessment, the process is designed for customers looking for quick disbursement without unnecessary hassles.
How to Apply for FirstBank Personal Loan Against Salary
- Obtain and complete the loan application form
- Attach a valid means of identification and passport photo
- Include a letter of salary domiciliation from your employer
- Submit all documents at any FirstBank branch
- Wait for application review and disbursement
Pros: Fast Approval and No Guarantor Required
One major benefit is that no guarantor or equity contribution is required, making this loan accessible to more people. Processing time is fast, ideal for urgent needs.
The top-up and buy-over features are another plus for those looking to consolidate or expand their credit without starting over. This increases loan agility for responsible borrowers.
Cons: Account Must Be With FirstBank
To qualify, your salary must be paid through a FirstBank account. This can limit those wishing to apply who bank elsewhere.
Additionally, you need a letter from your employer, which might involve extra coordination for some applicants.
Final Verdict
FirstBank’s Personal Loan Against Salary stands out for straightforward access and flexible repayment. If you need a quick, budget-friendly loan and already use FirstBank for salary, this offer is ready-made for you.