First Bank Loan Code: Several years ago, obtaining a bank loan was akin to a military conscription; one had to wait for several days and sign numerous documents in order to obtain one. Because of the development of loan apps that reset their brains. Currently, you can get a loan from a bank like First Bank without having to provide collateral or paperwork.
They were the first bank to offer a short-term loan exclusively through an app, but they have since advanced and now allow you to apply for a loan using a USSD code. Therefore, by simply dialing a code on their phone, those who live in underdeveloped network areas or without access to a smartphone can apply for their first bank loan.
What is the First Bank Loan Code?
89411# is the FirstBank loan code. You only need to dial this USSD code and follow the on-screen instructions to request a loan from First Bank. Enter your personal information, choose your preferred loan term, and indicate the loan amount.
To apply for a fast loan from First Bank, you can also dial *894# and choose “FirstCredit.” Once you’ve completed all of this, simply confirm your loan request, and it will be processed. Your loan application will be reviewed after using the above-mentioned First Bank loan code, and if approved, the loan will be deposited into your First Bank account.
Read more: Opay USSD Code for Airtime
How to Be Eligible for First Bank Loan?
There are requirements you must fulfill in order to apply for a loan from First Bank using the loan code. Among them are.
- You have to be at least eighteen.
- Possess a reliable source of income
- You need to have a current First Bank account.
- Have a solid credit history
You can now use your phone to apply for a First Bank loan after fulfilling all of these requirements. The First Bank loan application process is simple to use. Applying can be done through First Bank Branches, First Bank Website, First Bank Mobile App, or USSD code.
How to Use a USSD Code to Borrow Money From First Bank?
Using the USSD code, borrow a load from FirstBank by doing the following steps:
- To access FirstBank’s USSD Banking, dial *89411#, then choose option 3.
- Your eligible loan amount will be displayed in the next popup window. Enter the desired amount and click Send.
- The interest rate, management fees, and insurance will also be shown.
- Then enter a five-digit PIN for the transaction to agree to the terms and conditions.
- After that, the loan will be deposited into your pay account in a matter of minutes.
How to Borrow Money from First Bank Branch?
Apart from using the First Bank loan code and First Bank loan app, you can also get quick loans from First Bank by visiting the bank branch. Here’s how to do that:
- Visit your nearest First Bank branch with a valid form of identity and address verification.
- Acquire a loan application form and inquire about the loan service offered by the customer agent.
- Completing a loan application form and attaching supporting documentation is required.
- Following loan approval, draft an offer letter outlining the conditions and specifications of the loan.
- The loan proceeds will be deposited into a salary account held in trust by the Bank.
How to Repay First Bank Loan?
All you have to do to pay back your First Bank instant loan is ensure that you have sufficient funds in your account on the due date. First Bank will take the loan amount automatically out of your account.
You will then receive a notification verifying the repayment of your loan. After your loan has been paid off, you can borrow money from First Bank to apply for another loan using the USSD code.
Conclusion
First Bank offers a variety of loan options to fulfill its clients’ various financing requirements. First Bank offers a variety of loan products to meet varying financial needs, including salary advances, business loans, personal loans, and Click Credit loans.
Customers can easily apply for a loan from the comfort of their homes with the First Bank loan app. Additionally, customers can use their phones to borrow money by using the First Bank USSD code for loans.
