FirstCredit quick loans in Nigeria, BVN-linked and collateral-free, ₦1,000 to ₦300,000, apply on mobile via *894#

Quick overview of FirstCredit for Nigerians

FirstCredit is FirstBank’s digital lending product that gives quick loans straight into your FirstBank account, ideal for everyday needs and emergencies across Nigeria. It’s BVN-linked and collateral-free, so you don’t need paperwork or assets to apply.

The product offers accessible loan amounts from N1,000 to N300,000 with a simple mobile banking flow; customers who need fast loan disbursement will find the process familiar and immediate on the phone.

How to apply and what you need

To apply, dial *894#, select Loans and pick FirstCredit, then choose ‘get new loan’ and the FirstBank account you want the cash credited to. You must have a FirstBank account active for at least six months, linked BVN and updated phone contacts to qualify.

During application you grant online data consent and accept the NanoLending terms; this digital lending step ties your profile with Credit Bureaus for quick eligibility checks while keeping the process paperless and fast.

Costs, tenure and transparency

FirstCredit uses clear pricing: a flat interest rate of 8% and an insurance fee of 5% are applied up front, and there are no hidden fees in the mobile flow. Loan tenure is short and straightforward — up to 30 days — so it’s built for short-term needs.

Be aware of default penalties: a 1% monthly penal charge plus a daily interest of 0.3% can apply if you overrun the term, so plan repayments to avoid extra cost and protect your credit record with Credit Bureaus.

Why FirstCredit works for everyday Nigerians

FirstCredit is designed for the realities of life in Nigeria — small business owners, market traders, gig workers and salaried staff can get instant access to working capital without queuing at a branch. The collateral-free, no documentation approach fits the fast-paced demands of modern mobile banking.

With mobile-first access via *894#, transparent loan disbursement into FirstBank accounts, and NanoLending features, FirstCredit positions itself as a practical digital lending option for anyone needing quick loans, while encouraging responsible borrowing through clear terms.