StartCredits StartCredits StartCredits StartCredits
  • Loans
    • Credit Score
    • Guide
  • Investments
    • Bank
    • Crypto
  • Log In
StartCredits StartCredits
  • Loans
    • Credit Score
    • Guide
  • Investments
    • Bank
    • Crypto
  • Log In
firstbanknigeria loan

FirstAdvance

Interest Rate  (2.5% – 4.5%)

Apply
Category: Bank Tag: Salary Advance
  • Description

Description

FirstAdvance


FirstAdvance is a digital lending product licensed by the Central bank of Nigeria within the FirstBank portfolio.

 

Products

  • Salary Advance – FirstAdvance Salary Advance 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 3months salary, whichever is lower. The eligible amount is calculated after deducting all other loan obligations to the Bank. This product can be accessed via digital channels: FirstMobile & USSD

Pros

  • High loan amount up to N500k
  • Revolving overdraft
  • Flexible repayment options
  • Maximum tenor of 12 months
  • Flexible conditions

Cons

  • Salaried employment required
  • First Bank account required
  • Loan amount linked to salary level

Requirements

  • Completed Application Form
  • First Bank account required
  • Salaried employment required
  • Letter of employment
  • Staff identity card
  • 3 months of account usage
  • Must be older than 18 and younger than 60 years old

Related products

  • Providus Bank

    Providus

  • alat loans

    Alat

  • FCMB loans

    FCMB

  • Heritage bank personal loans

    Heritage

Search for your Loan

Latest Loans

  • MoneyWise microfinance bank MoneyWise
  • Polaris bank Polaris
    Rated 1.00 out of 5
  • Fina Trust Microfinance Bank loans Finatrust
  • snapcredit loans SnapCredit
  • rapidcash RapidCash
    Rated 4.00 out of 5
  • paymyrent loan Paymyrent
    Rated 3.00 out of 5
  • zedvance loans Zedvance
  • Kada Microfinance bank Kada
    Rated 4.67 out of 5
  • Globus Bank Globus Bank
  • bank of agriculture loan startcredits Bank of Agriculture
    Rated 4.00 out of 5

Loan Advice

  • Securing a federal government housing loan in Nigeria
  • How to check your NIN for a loan application
  • Non-performing loans of Nigerian banks
  • Types of loans offered in Nigeria
  • Home loans in Nigeria
  • Who gives loans for Nigerian Startups
  • The 2020 top banks in Nigeria by earnings
  • Key requirements to access loans in Nigeria

Company

  • About
  • Contact
  • Careers
  • Credit Score

Loans

  • Moneylenders
  • Peer to Peer
  • Mortgage
  • Microfinance

Investments

  • Crypto
  • Bonds
  • Deposits
  • Shares

Follow Us!

Follow Us on FacebookFollow Us on TwitterFollow Us on Google+
Return To Top
  • Moneylenders
  • Peer to Peer
  • Mortgage
  • Microfinance
Copyright © 2022 startcredits.com
  • Loans
    ▼
    • Credit Score
    • Guide
  • Investments
    ▼
    • Bank
    • Crypto
  • Log In