FirstCredit on FirstBank Mobile, quick Naira loans in Nigeria with BVN and zero paperwork
Instant FirstCredit on FirstBank Mobile, BVN-verified Naira loans with no paperwork, fast disbursement via *894# and transparent fees
How FirstCredit works on FirstBank Mobile
FirstCredit is FirstBank’s digital lending service that gives customers quick loans in Naira directly from their mobile banking. With a BVN-linked FirstBank account and a minimum six-month account history, you can apply without paperwork and get funds into your account fast.
The process is built for convenience: no collateral, no physical documents, and clear eligibility checks tied to your BVN and Credit Bureaus. This makes FirstCredit a practical option for everyday needs, emergency cash, or business top-ups in Nigeria.
Loan terms, interest and transparent fees
Loan amounts range from N1,000 up to N300,000 with a maximum tenure of 30 days. Interest is a flat 8% and there’s an insurance fee of 5% deducted on disbursement, so borrowers see transparent fees up front — no hidden charges.
Late repayment attracts a 1% monthly penalty and a daily interest of 0.3%, clearly stated in the terms. That transparency around loan disbursement and fees helps customers make informed choices before accepting FirstCredit offers.
Eligibility and quick application via *894#
To apply, dial *894# from the number linked to your FirstBank account, tap Loans and choose FirstCredit. Grant online data consent, accept the terms and choose one of the loan amounts presented. The whole process is digital lending at its simplest.
Because FirstCredit is BVN-verified and integrated with FirstBank Mobile, disbursement is usually instant once approved. Mobile-first borrowers in Lagos, Abuja or across all states get same-day loan disbursement into their FirstBank accounts.
How to improve approval chances and use loan smartly
Keep your BVN and phone number updated, maintain a good transaction history on your FirstBank account and stay in good standing with Credit Bureaus. These steps increase your eligibility for larger FirstCredit limits and faster approvals.
Use FirstCredit for short-term needs only and plan repayment within 30 days to avoid penalties. Treat it as a tool for cashflow smoothing — buy stock, cover transport or medical bills — but avoid long-term reliance on quick loans to protect your credit profile.