Products & Services | |
Products & Services | |
1402 VIEWS | |
![]() |
Tuesday, October 06, 2020 / 03:50PM /Firstbank/Header Image Credit: Firstbank
First Bank of Nigeria
Limited, Nigeria's leading financial inclusion services provider, recently
announced that loans in over the sum of 17 billion naira have been disbursed to
individuals, across the country. The loan disbursement is carried-out
through FirstAdvance, its digital lending solution.
FirstAdvance is designed
to offer a convenient and easy access to cash for salary earners whose accounts
are domiciled with FirstBank and have received regular salaries for two months,
prior to the loan request. In barely a year since the launch of FirstAdvance,
over 128,000 unique customers in over 782,996 successful transactions have so
far benefitted from loans.
Processing a loan with
FirstAdvance is implemented in less than a minute and it is accessed in two
ways, the USSD code; *894*11# or the Bank's recently upgraded mobile banking
application, FirstMobile. Customers are advised to upgrade their FirstMobile App
to the latest version on android and ios for requests via the App.
Further to its pursuit of
providing options to Nigerians across all income bands, FirstBank's also offers
Personal Loan Against Salary (PLAS) to individuals in paid employment who need
long term loan to meet their financial obligation more especially as the
economy returns to normalcy post COVID-19 pandemic and as schools resume. FirsBank's
Personal Loan guarantees a convenient repayment plan of up to 60 months.
"Meeting the needs of our
customers have always been our priority and we are delighted with the volume of
loans disbursed to Nigerians as it reinforces the confidence of Nigerian
workers in FirstAdvance, our digital lending solution and also our long-term
offerings through Personal Loans for people in paid employment" said Gbenga
Shobo, FirstBank's Deputy Managing Director."
"We are excited that
FirstAdvance has been added to the channels through which we deepen financial
inclusion as it is no doubt an expansion of our commitment and support to every
household in the country," he concluded.
Are you a salary account
holder with FirstBank and in need of quick loan to cater for that pressing
need, dial 894*11# or initiate your loan request via FirstMobile App to make
that need a reality?
Related News
1. FirstBank Partners LSETF to Offer Funding at Attractive Interest Rate to
Low-cost Private Schools
2. FirstBank Appoints Mrs. Oluwande Muoyo as a Non-Executive Director
3. Smart Money Woman: Firstbank Partners Arese Ugwu, Unveils TV Series of
the Award-Winning Book
4. FirstBank's CEO Adesola Adeduntan Bags Forbes Best of Africa
Award
5. International Literacy Day 2020: FirstBank Set the Pace with Innovative
e-learning Solutions
6. FirstBank Leads Sponsorship of the Voice Nigeria, Partners Un1ty Nigeria
7. Firstbank Hosts FINTECH Summit 4.0, Promotes the Growth and Reinvention
of Banking Technology
8. FirstBank Offers Support to SMEs In Education Sector Through The
Pandemic
9. Firstbank Convenes SMEConnect Webinar, Promotes Growth of the
Educational Sector
10. FirstBank Rewards its Verve Card Holders with Free Fuel
11. FirstBank: Empowering Staff; Driving Productivity Against the Odds
12. FirstBank Upgrades It's Mobile Banking Application, Puts Customers
Ahead in Electronic Banking
13. FirstBank's FMAP Graduates Inaugural Set of Management Associates
14. Firstbank Empowers Women Through Firstgem Online Community