First Bank Application – How To Get A Loan With First Bank Mobile App

Comment

Sirmike Friday, 8 November 2024, 1:18 pm

First bank application – How to get a loan with first bank mobile app

FirstMobile is the official mobile banking app from FirstBank Nigeria. It allows you to perform a variety of banking transactions on your smartphone, including:

Account overview
Funds transfer
Bill payments
Airtime purchase
Request for debit card
Check account balance
View mini statement
Set up standing instructions
Block your card
And more

To download the FirstMobile app, you can visit the Google Play Store or the Apple App Store. Once you have downloaded the app, you will need to create an account. You can do this by entering your FirstBank account number and password.

If you do not have a FirstBank account, you can still use the FirstMobile app to open an account. Simply follow the instructions in the app.

Here are the steps on how to open a FirstBank account using the FirstMobile app:

Download the FirstMobile app from the Google Play Store or the Apple App Store.
Open the app and click on “Open Account”.
Enter your personal information, including your name, address, and phone number.
Enter your BVN.
Select your preferred account type.
Accept the terms and conditions.
Click on “Open Account”.

Your FirstBank account will be opened immediately. You will receive a confirmation message on your phone. You can then start using the FirstMobile app to perform your banking transactions.

Here are some of the benefits of using the FirstMobile app:

Convenient: You can perform your banking transactions on the go, 24/7.
Secure: Your transactions are protected by state-of-the-art security features.
Easy to use: The app is user-friendly and easy to navigate.
Wide range of features: The app offers a wide range of features, including account overview, funds transfer, bill payments, and more.

If you are a FirstBank customer, I recommend that you download the FirstMobile app and start using it today. It is a convenient and secure way to manage your finances.

What are the eligibility requirements to obtain a loan from the first bank mobile app?

Sure, here are the eligibility requirements to obtain a loan from the First Bank mobile app:

You must be a FirstBank customer with a valid FirstBank account.
Your account must have been operational for at least 6 months.
You must be linked to a valid BVN.
You must have a positive credit record with credit bureaus.
You must be able to provide proof of income.
You must be able to provide a valid phone number and email address.

The specific requirements may vary depending on the type of loan you are applying for. For example, if you are applying for a salary loan, you will need to provide proof of employment.

You can check your eligibility for a loan through the FirstBank mobile app. Once you have opened the app, go to the “Loans” section and select “Check Eligibility”. You will need to provide some basic information about yourself, such as your name, date of birth, and phone number. The app will then check your eligibility and let you know if you are eligible for a loan.

If you are eligible for a loan, you can apply for it through the mobile app. The application process is quick and easy. You will need to provide some additional information, such as the amount of the loan you want and the purpose of the loan. Once you have submitted your application, FirstBank will review it and let you know if your loan is approved.

If your loan is approved, the funds will be deposited into your FirstBank account within 24 hours. You can then use the funds for whatever purpose you need them for.

What are the features and charges associated with the First bank mobile application loan?

The First Bank mobile application loan is a short-term loan that can be accessed through the FirstBank mobile app. The loan is available to salary earners who have an account with FirstBank and have received regular salaries in the last two months or more.

ALSO READ: Titan Trust Bank Loan: How To Apply, USSD Code And Requirements

The features of the First Bank mobile application loan include:

A maximum loan amount of N1,000,000 subject to 50% of net monthly salary.
A maximum tenor of 30 days or your next payday.
An interest rate of 2.5% flat, which is collected upfront upon loan disbursement.
A management fee of 1% deducted at the point of loan disbursement.
A credit life assurance fee of 0.5% of the value of the loan.
Automatic loan repayment deduction as soon as your salary is received.
It is accessible a maximum of 3 times a day, subject to your specific maximum eligible amount.
Automatic risk acceptance criteria.

The charges associated with the First Bank mobile application loan include:

Management fee of 1% deducted at the point of loan disbursement.
Credit life assurance fee of 0.5% of the value of the loan.
An interest rate of 2.5% flat, which is collected upfront upon loan disbursement.

The loan can be repaid in full or in installments. If you repay the loan in full, you will not be charged any additional interest. However, if you repay the loan in installments, you will be charged interest on the outstanding balance.

To apply for the First Bank mobile application loan, you must:

Be a salary earner with an account with FirstBank.
Have received regular salaries in the last two months or more.
Have a valid BVN.
Have a positive credit record.

You can apply for the loan through the FirstBank mobile app. To do this, follow these steps:

Open the FirstBank mobile app.
Click on the “Loans” tab.
Select “FirstAdvance”.
Enter the amount of loan you want to apply for.
Review the terms and conditions and click “Accept”.
Enter your transaction PIN and click “Submit”.

If your application is approved, the loan will be disbursed into your account within minutes.

How to get a loan with first bank mobile app

Here are the steps on how to get a loan with FirstBank Mobile App:

Download the FirstMobile app from the Google Play Store or Apple App Store.
Open the app and log in with your FirstBank online banking credentials.
Tap on the “Menu” icon and select “Loans”.
Select the “FirstAdvance” loan product.
Enter the desired loan amount and your transaction PIN.
Review the terms and conditions and tap on “Accept”.
The loan will be disbursed to your salary account within minutes.

Here are some of the requirements for getting a FirstAdvance loan through the FirstMobile app:

You must be a FirstBank customer with a salary account.
Your salary account must be in good standing.
You must have a valid BVN.
You must be able to provide proof of income.

The interest rate for FirstAdvance loans is 2.5% flat, which is collected upfront upon loan disbursement. There is also a management fee of 1% and a credit life assurance fee of 0.5% of the loan amount. The loan has a maximum tenor of 30 days or your next payday.

In Conclusion:

Obtaining a loan through the FirstMobile app is a convenient option for FirstBank customers who meet the necessary requirements. With a salary account in good standing, a valid BVN, and proof of income, individuals can apply for a FirstAdvance loan. It is important to note that there are additional fees associated with the loan, including a 2.5% flat interest rate, a 1% management fee, and a 0.5% credit life assurance fee.