FinanceHow To's

How To Get Loan Using First Bank USSD Loan Code

Do you know that there is a fast and easy way to get loan with First Bank without going through a lot of process? Yes of course, you can get quick loan from by using First Bank USSD loan code. I will tell you everything about Getting quick loan from First Bank using the USSD Code and how it works.

Loan Requirements

In as much you can get quick loan from First Bank Using USSD Code, there are some requirements that must be met before you’re qualified to get the loan. Here are some requirements;

  1. You must have a valid account with First Bank.
  2. You must a BVN with an active phone number
  3. You must not have any outstanding loans with First Bank or other lenders and have a good credit records.

These conditions must be met to confirm that you are qualified for and capable of repaying the loan. Additionally, they aid First Bank in safeguarding its clients and enterprise against fraud and Loan defaulters.

RECOMMEDED>>How To Use Western Union: Send and Receive Money

How to Apply for a Loan with First Bank USSD Loan Code

If you match the criteria, there are three simple actions you can take to apply for a loan with First Bank Quick Loan:

  1. On your phone, enter *894*11# and choose the loan option.
  2. Enter the desired repayment amount and duration. The most you can borrow is N500,000, and you can borrow for a maximum of 90 days.
  3. Verify your details and agree to the terms and conditions.

The loan amount will be credited to your account in a matter of minutes once you receive an instant decision. There are no extra fees or hidden costs; the interest rate is 2.5% per month.

How to Repay Loan with First Bank USSD Loan Code

Dial *894*12#, you can pay back the loan in full or in installments before the due date. By dialing *894*13#, you may also read your payback schedule and check your balance. Your credit score will rise if you pay back the loan on time, which will increase your ability to borrow more money in the future.

RECOMMEDED>>How To Start A POS Business in Nigeria 2023

Consequences of Defaulting First Bank Loan

  • File a credit report with BVN.
  • automatic withdrawal from a bank account
  • Reduce your credit Score
  • Might prevent you from reapplying for First Bank Loan.

Advantages of First Bank’s USSD Loan Code

There are numerous benefits to using First Bank Quick Loan Code, including:

  1. It is both quick and efficient. With your phone, you can apply for a loan any time, anywhere.
  2. t is reasonably priced and adaptable. You can select the sum and time that best suit your requirements and financial constraints.
  3.  It is reliable and safe. The security measures in place at First Bank keep your information secure. You can rely on First Bank to provide excellent service and satisfy customers

RECOMMEDED>>Lumos Loan App: Customer Care – How to Get Loan


If you’re looking for a quick and easy loan from First Bank might consider using the First Bank Quick Loan Code. It provides straightforward qualifications, a quick approval process, reasonable loan rates, and no fees. Additionally, it is dependable, safe, and versatile.

Dial *894*11# on your phone to submit an application for a loan if you wish to use First Bank Quick Loan Code for your financial requirements. You’ll be happy that you did.

To Learn more visit>>First Bank Loan

CREDIT>>> Ayokola

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button