First Advance
First Bank Nigeria
About First Advance
FirstAdvance is a digital lending solution designed to offer a convenient and easy access to cash for payroll customers awaiting payment of their salaries. The product is meant for salary earners whose accounts are domiciled with FirstBank and have received regular salaries in the last six months or more. Maximum amount accessible is N500,000.00 subject to 50% of net average 6months salary, whichever is lower. The eligible amount is calculated after deducting all other loan obligations to the Bank. This product can be accessed via our digital channels: FirstMobile & USSD, FirstOnline, and ATM.
Requirements for loan
- Bank Verification Number (BVN)
- Receipt of monthly salary (through a preapproved customer database) and at least Two (2) months’ salary must be received in the Borrower’s account in the Bank
- Completion of Application and Acceptance of offer via FirstBank’s electronic Banking platforms which includes USSD Code *894#, FirstMobile App, ATM and Internet Banking.
- Irrevocable salary domiciliation to the Bank. Execution of Irrevocable Undertaking by Employer to domicile employee salary and other allowances and benefits to the Bank and not to remit salary and other allowances, emoluments entitlements and terminal benefits of employees elsewhere without the written consent of the Bank.
States Covered
- Lagos
Provider Details
About provider
First Bank of Nigeria Limited (FirstBank) is the premier Bank in West Africa with its impact woven into the fabric of society. The Bank which has been sustaining its development-oriented services for over 126 years as the region’s foremost financial inclusion services provider, offers a comprehensive range of retail and corporate financial services through more than 57,000 business outlets to over 17 million customer accounts
About First Advance
FirstAdvance is a digital lending solution designed to offer a convenient and easy access to cash for payroll customers awaiting payment of their salaries. The product is meant for salary earners whose accounts are domiciled with FirstBank and have received regular salaries in the last six months or more. Maximum amount accessible is N500,000.00 subject to 50% of net average 6months salary, whichever is lower. The eligible amount is calculated after deducting all other loan obligations to the Bank. This product can be accessed via our digital channels: FirstMobile & USSD, FirstOnline, and ATM.
Requirements for loan
- Bank Verification Number (BVN)
- Receipt of monthly salary (through a preapproved customer database) and at least Two (2) months’ salary must be received in the Borrower’s account in the Bank
- Completion of Application and Acceptance of offer via FirstBank’s electronic Banking platforms which includes USSD Code *894#, FirstMobile App, ATM and Internet Banking.
- Irrevocable salary domiciliation to the Bank. Execution of Irrevocable Undertaking by Employer to domicile employee salary and other allowances and benefits to the Bank and not to remit salary and other allowances, emoluments entitlements and terminal benefits of employees elsewhere without the written consent of the Bank.
States Covered
- Lagos
Provider Details
About provider
First Bank of Nigeria Limited (FirstBank) is the premier Bank in West Africa with its impact woven into the fabric of society. The Bank which has been sustaining its development-oriented services for over 126 years as the region’s foremost financial inclusion services provider, offers a comprehensive range of retail and corporate financial services through more than 57,000 business outlets to over 17 million customer accounts
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