Quick Loans in Nigeria with FirstCredit on FirstBank via *894#, BVN-Linked and Collateral-Free from N1,000 to N300,000
Access fast, collateral-free FirstCredit loans on FirstBank by dialing *894#, with BVN-linked approval and instant N1,000 to N300,000 disbursement to your account, paperless and tailored for Nigerians
Overview of FirstCredit for Nigerians
FirstCredit is FirstBank’s digital lending service that delivers quick loans straight to your FirstBank account. Designed for everyday needs, it offers collateral-free loans from N1,000 up to N300,000 with paperless disbursement and BVN-linked approval.
The product targets Nigerians who want simple, fast access to cash via mobile banking. With a clear focus on transparency, FirstCredit promotes no hidden fees loans and fast loan disbursement to help you manage short-term expenses.
Eligibility and How It Works
To qualify you must be a FirstBank customer with an account active for at least six months and linked to a valid BVN. The service also checks your profile with Credit Bureaus, so maintaining good transaction history increases approval odds.
Apply by dialing *894#, select Loans → FirstCredit → Get new loan, grant online data consent and accept terms. The interface presents four loan options and once you confirm, funds are credited instantly to your account — truly a mobile-first digital lending experience.
Costs, Tenure and Transparent Charges
Loan tenure on FirstCredit is short and clear: up to 30 days. Interest is charged at a flat 8% while a loan insurance fee of 5% is deducted upon disbursement, so you see total cost up front and avoid surprises.
There are measures for late repayment: a penal charge of 1% monthly and daily interest of 0.3% apply when you default. These transparent rules keep FirstCredit aligned with no hidden fees loans and responsible lending practices.
Practical Tips and NanoLending
Use FirstCredit for urgent needs, bills, or small business bridge funding — the product suits small loans Nigeria demand. Keep your BVN, phone number and account details updated and monitor your Credit Bureau standing to qualify for higher amounts over time.
FirstCredit NanoLending is ideal for micro-amounts and follows the same BVN-linked, collateral-free approach. For best results, choose the shortest tenure you can afford to reduce interest cost and enjoy the convenience of FirstBank services through the *894# loan application.