Personal Loan Against Salary

Maintain your salary account with us and enjoy the Personal Loan Against Salary facility. This loan is designed to help you meet personal financial needs without having to wait for pay-day. It is simple, easy and straightforward.

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Features

Up to 36 months repayment option subject to retirement age of 60 years
No security/guarantor
Faster Processing
No equity contribution
Minimum documentation
Irrevocable domiciliation of salary for the period the facility is in place.

Benefits

Competitive Rates
Easy access to finance
Flexible repayment structure.

Required Documents

Application letter
Personal Loan Application form
Payslip
Statement of accounts
Applicant’s letter of total emolument
Confirmation of applicant’s employer on FBN approved list
Letter of irrevocable domiciliation of salary for the duration of the facility.

Who Can Apply

Employees in paid employment.

How to Apply

To apply for a Personal Loan Against Salary,

Download the Personal Loan Application Form
Complete the form and submit at the nearest FirstBank branch

FAQs

1) Is credit insurance premium mandatory for this product?

Yes, it is.

2) Is personal loan against salary to salary account holders in other banks?

Applicants must have their salary account with FirstBank.

Speak To An Adviser

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