FirstTrader Loan Up To N5 Million and Above /Apply Now

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First Bank open FirstTrader Loan N5 Million above, How to apply for FirstTrader Loan, Are you a market trader? a supermarket owner or you are dealing with fast-moving goods, If Yes,  apply for FirstTrader Loan before is too late. Full Details.

The FirstTrader Solution is a short-term overdraft facility offered to traders in pre-approved market locations and supermarkets who deal in fast moving goods. It comes in two variants; the Main FTS (180-day variant) and the Exceptional FTS (90-day variant).

List of Loan/Credit Facility Offer by First Bank:

  1. Personal Home Loans
  2. Joint Mortgage
  3. Automobile Loans
  4. Salary Loans
  5. Secured Overdraft
  6. Contact Finance
  7. Secured Term Loans
  8. SME Products Purchase Orders Finance
  9. Operational Vehicles
  10. FirstEdu Loan
  11. Revenue Loans and Overdraft
  12. Retail TOD
  13. Commercial mortgage
  14. Offices Equipment
  15. First Trader Solution (FTS)
  16. Health Finance Products Guideline
  17. Health Finance.

You can also apply for the following:

The loan available  First Trader Solution (FTS):

Features:

  • Available to traders that deal in fast-moving goods
  • Tenor is either 90 days or 180 days.
  • Minimum loan amount is N5 Million.
  • No collateral is required for the 90 days variant
  • Collateral for the 180 days variant shall be equitable mortgage on shop title documents to cover 200% of the facility amount.
  • Requires opening of a charged Savings Account with opening amount of 5% of the facility amount.

There will also be subsequent deposits as shown below:

  • 0.5% of the loan amount daily throughout the tenor of the 180 days facility.
  • 1% of the loan amount daily throughout the tenor of the 90 days facility.

Benefit:

  1. Provides opportunity for increased business turnover/volume through injection of additional funds.
  2. Steady build-up of funds which can be used to either pay back the loan or ploughed back into the business upon liquidation of facility
  3. Easy repayment plan
  4. No tangible collateral required.

How To Apply:

To Apply for a First Trader Solution loan,

Or

Apply online Click Here

2021 GRANT:

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