First Bank introduces personal loan against salary

First Bank of Nigeria Limited says it has created opportunities for salary account holders to unlock the wealth in their accounts.

The lender said this could be achieved through the First Bank Personal Loan Against Salary.

The Group Head, Products & Marketing Support, First Bank,  Mr. Abiodun Famuyiwa, was quoted in a statement by the lender as saying,  “salary account holders  can access up to N30m to help them pursue capital projects, carry out renovation works on their properties, acquire assets, give their children the best education and other fulfilling accomplishments.

“The scheme offers options to top-up and refinance existing loans at competitive rates. These flexible options were created to offer convenience and reward customer as we stay true to our brand promise of ‘YOU First’.”

According to him, the product also helps customers to meet rent obligations, vacation trips to choice destinations and pay for professional examinations to take their career to the next level.

“With PLAS, Nigerian salary earners need to be assured of a funding partner in First Bank to fulfill their dreams. PLAS is available to employees whose salary accounts are domiciled with First Bank,” he said.

“Salary accounts can do more than just receive monthly pay; they have inherent wealth that can be unlocked to help you achieve dreams that make you fulfilled on your job and be on top of situations at home and at work,” he added.