First bank application – How to get a loan with first bank mobile app
Last updated on December 17th, 2022 at 11:49 am
Although First bank is well known as one of the premier banks in Nigeria, one of the qualities customers love about them is their quick loans. Since its launch bank in 2015, it has incorporated loan services on the FirstMoney app, making it more popular among customers. If you’re in emergency needs, here’s a rundown on how to get a loan with the First bank mobile application.
First Bank app Information
Version – 2.4.1
Last Update – 4th of January 2021
Number of Downloads – 1,000,000+
Download Size – 43.04MB
App Provider – First Bank Nigeria
Release Date – 9th of September 2015
What are the eligibility requirements to obtain a loan from the first bank mobile app?
There are certain qualifications you must meet before being able to obtain a loan from the FirstMoney app. These requirements are:
This service is only available to customers, therefore must have an account with First Bank Nigeria
Getting a loan with the first bank mobile application is pretty simple. Follow the procedure below:
Download the FirstMobile app from google play or apple store on your mobile device
Log in with your online banking details
Open the menu and select loans from the available options
Select FirstAdvance, after which your eligible maximum amount and applicable pricing fees would be displayed
Next, if okay with it, click the “Accept the Terms & Conditions” button
The prompt then displays a dialogue box for you to input your desired loan amount. Also, note that this amount should not be more than your eligible amount
Input your transaction pin to confirm your application request
If your loan request is successful, the bank disburses the loan into your salary account in a matter of minutes
Also, the banks debit you for charges like management fee & VAT, interest rate, insurance, and other applicable deductions.
Lastly, they deduct the money from your balance in the next 30 days or when you receive your next salary.
The FirstMoney mobile application offers loan services to first bank customers whose salary account are domiciled with the bank. Also, it is easy to use and very user-friendly, therefore patronized by thousands of customers on a daily basis.