How to get Firstbank quick loan in 2 minutes

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Firstbank loan makes it very convenient for its customers to get an instant loan to solve a financial problem in a matter of minutes, lets say 5 minutes or even less.

In this article,i will teach you How to get Firstbank quick loan in Nigeria in some minutes.

Are you a Firstbank client pushed on how to induce moment advance (loan)?. You ran out of reserves, an crisis or another reason? And require money instantly? Then no worries, Firstbank quick loan can allow you a straightforward, clear advance in less than some minutes right away.

 In this article, I’ll show you how get a quick loan from firstbank. The method is simple, with no push, all you would like is your portable phone.

There are two main ways to do that:


Firstbank Mobile app

Below I’ll outline a detailed information on the two best loan offers and how to go on to apply any of them;


FirstCredit is a product designed to provide you with a quick and simple loan to fund your transactions.  Loans can be accessed from anywhere without visiting the Bank.

No documentation or collateral is required all the customer need is a mobile phone or tablet.


  • Easy and convenient access to loans to meet needs.
  • Quick loan request and disbursal
  • No physical documentation required.
  • No collateral required
  • No hidden fees


  • Customer’s account must have been operational in FirstBank for at least 6 months.
  • Customer must be linked to a valid BVN.
  • Customers must have correctly updated phone numbers
  • Customer must have positive credit record with Credit Bureaus.
  • Minimum Loan Amount: N1,000 (One Thousand Naira)
  • Maximum Loan Amount: N300,000 (Three Hundred Thousand Naira)
  • Loan Tenor: Maximum of 30 days
  • Interest Rate: 10% flat
  • Insurance:  1% per transaction
  • A penal charge of 1% monthly and daily interest of 0.3% applies upon default
  • Interest on disbursed amount will be taken upfront on loan disbursal
  • Insurance fee is also taken upfront on loan disbursal
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Interest Rate

There will be a risk – based interest rate of 10% per disbursal which will be taken upfront which translates to annual percentage rate of 120%. There shall not be any refund on interest rate collected upfront for any prepayment, pre-termination of the loan before a 30-day period or for any other reason. If the Borrower fails to pay any amount which the Borrower owes the Bank in terms of this agreement on the due date, the Bank shall be entitled to continue to charge interest on the outstanding amount at 0.3% per day.

How to Apply?

  • Dial *894#
  • Select Loans
  • Select FirstCredit
  • Select get new loan
  • Select the account number with which you want to apply for the loan
  • Grant data usage consent and accept terms and conditions
  • You are presented with 4 loan amount options
  • Choose your desired loan amount
  • Loan is disbursed into your account


FirstAdvance is a digital lending solution designed to offer 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 three months salary, whichever is lower. The eligible amount is calculated after deducting all other loan obligations to the Bank. This product can be accessed via our digital channels: FirstMobile and USSD.


  • Salary account must be domiciled with FirstBank
  • Loan amount of up to 50% of net monthly income.
  • Tenor is 30 days or next pay day [whichever comes first]
  • Maximum single obligor limit of N500,000.00
  • Interest rate @ 2.5%flat collected upfront
  • Management fee @ 1.0% flat
  • Credit Life Insurance @ 0.50%
  • FirstAdvance is an enhanced and improved version of Digital SODA.
  • The loan can be accessed up to three times a day subject to maximum eligible amount
  • The Risk Acceptance Criteria for FirstAdvance is automated.
  • Repayment is taken immediately salary is received, while a lien is placed on unfunded account.
  • All fees, including Interest rate are collected upfront upon disbursement of the loan.
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How to apply

Through USSD

  • Dial *894# to connect to FirstBank’s USSD Banking, select 3, [Get Loans] or *894*11#
  • The next menu shows your eligible loan amount
  • Input desired amount and send
  • Interest rate, management fees and Insurance is displayed
  • Input five digit transaction PIN to accept terms and conditions
  • Loan is disbursed into your salary account within minutes.
  • Your account is debited for management fee, interest rate, insurance and VAT as upfront fees and charges.
  • Upon receipt of salary or 30 days (whichever comes first) your account is debited for Principal repayment.

Through Firstbank Mobile App

  • Download the recent FirstMobile App from Google Play Store or Apple Store on your smartphone
  • Log on to the FirstMobile App
  • Open menu options on the top left-hand side
  • Select ‘loans’
  • Next, select ‘FirstAdvance’
  • Next Menu Option shows your eligible amount and the applicable pricing and fees.
  • Next, accept the terms and conditions
  • Next, input desired loan amount not more the eligible amount.
  • Followed by your transaction pin.
  • Successful, loan is disbursed to your salary account within minutes.
  • Your account is debited for management fee & VAT, interest rate and insurance as upfront fees and charges.
  • Upon receipt of salary or 30 days (whichever comes first) your account is debited for Principal repayment.

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