FirstCredit is an innovative digital loan service that provides quick and easy access to funds, enabling you to finance your transactions without ever stepping into a bank. With no need for paperwork or collateral, all you require is a mobile phone or tablet to get started.

What is FirstCredit?

FirstCredit is a streamlined loan product that gives you fast access to funds wherever you are. No need for in-person visits to the bank—simply apply and get approved on the go.

No lengthy documentation or collateral is required. The only thing you need is a mobile device.

To access FirstCredit, dial *894# and follow these simple steps:

1. Select option 3 for Loans
2. Choose option 1 for FirstCredit
3. Select your account number
4. Give consent by selecting option 1
5. Enter the loan amount you want
6. Input your 5-digit USSD PIN

Note: Additional channels like FirstMobile and FirstOnline will be available soon.

What’s the Maximum Loan Amount?

You can borrow up to N300,000 depending on the activity on your account.

Loan Tenor

You can repay your loan within a maximum of 30 days, but early repayment is allowed if you wish to settle it sooner.

Interest Rate and Other Fees

• Interest rate: 8% flat
• Insurance fee: 5% per transaction Yes, there is an additional 5% insurance charge.

Eligibility Criteria

To qualify for FirstCredit, you must have:

• An account with the bank for at least six months
• A valid BVN (Bank Verification Number)
• No bad loan record
• Regular account transactions

Can I Use Any Phone Number to Apply?

No, only the mobile number registered for USSD banking can be used to apply.

How to Activate Your Phone for USSD Banking

To activate USSD banking, follow these steps:

1. Dial 8940#
2. Select "Register for Customer"
3. Choose "Register for 894Banking"
4. Enter the PAN of your active debit card and your 4-digit card PIN
5. Create a 5-digit USSD PIN

Loan Disbursement Timing

Once your loan is approved, your account will be credited immediately.

Applying Without Visiting the Bank

You can apply for FirstCredit from anywhere at any time by dialing *894# and following these steps:

1. Select option 3 for Loans
2. Choose FirstCredit (option 1)
3. Enter your account number
4. Give your consent (option 1)
5. Enter the loan amount
6. Confirm with your USSD PIN

FirstMobile and FirstOnline will soon be available for this service too.

Improving Loan Accessibility and Amount

• Engage in regular account transactions
• Repay your loans promptly to improve your eligibility and increase the loan amount offered to you.

What Happens If You Don’t Repay?

A default fee will apply, and you may be restricted from accessing further loans.

Not Seeing Your Desired Loan Option?

Choose the loan amount that best fits your needs at the time.

Confirming Loan Eligibility

To check if you’re eligible for FirstCredit, simply call FirstContact on 07080625000.

Repaying the Loan Early

You can repay your loan before the due date by dialing *894# and selecting the "Repay Loan" option.

Can I Apply from Anywhere?

Yes, as long as you have your mobile device, you can apply for the loan from any location, at any time.