Unlocking Opportunities

  • Home
  • About Us
  • Programs
  • Success Stories
  • Certifications
  • Register
  • Login
Menu
  • Home
  • About Us
  • Programs
  • Success Stories
  • Certifications
  • Register
  • Login
oh-logo
  • Home
  • About Us
  • Programs
  • Success Stories
  • Certifications
  • Register
  • Login
Home Grants

Apply For First Bank Nigeria FirstTrader Solution Loan.

by admin
June 3, 2021
in Grants
0
Apply for Job Vacancies At First Bank Of Nigeria Limited 2021
0
SHARES
5
VIEWS
Share on FacebookShare on Twitter

Application is open for First Bank FirstTrader Solution Loan. This 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)

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.

Benefits

  • Provides opportunity for increased business turnover/volume through injection of additional funds.
  • 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
  • Easy repayment plan
  • No tangible collateral required
How to Apply?

To Apply for a First Trader Solution loan,

READ ALSO

Nasims Commence Shortlisting/Biometric Capturing Of Npower Batch C Stream 2

2022 Npower Biometrics For Shortlisted Beneficiary In Batch Stream Two

  • Download the Retail Loan Application Form
  • Complete the form and submit to
  • Or to the Retail Team at the nearest FirstBank branch
Tags: Grants

Related Posts

Nasims Commence Shortlisting/Biometric Capturing Of Npower Batch C Stream 2
Grants

Nasims Commence Shortlisting/Biometric Capturing Of Npower Batch C Stream 2

May 16, 2022
2022 Npower Biometrics For Shortlisted Beneficiary In Batch Stream Two
Grants

2022 Npower Biometrics For Shortlisted Beneficiary In Batch Stream Two

May 15, 2022
NYIF: Confusion as shortlisted candidates lament obstacles to loan procurement
Grants

NYIF: Confusion as shortlisted candidates lament obstacles to loan procurement

May 13, 2022
NYIF: Ministry urge fund applicants to come for their loan requests
Grants

NYIF: Ministry urge fund applicants to come for their loan requests

May 13, 2022
NJFP Aptitude Test UPDATE 3: Nigeria Jubilee Fellows Programme Aptitude Test
Grants

NJFP Aptitude Test UPDATE 3: Nigeria Jubilee Fellows Programme Aptitude Test

May 13, 2022
Federal Government to boost Youth Employment through NOYA
Grants

Federal Government to boost Youth Employment through NOYA

May 11, 2022
Next Post
Apply For Fully Funded Rhodes Scholarship at Oxford University 2021.

Apply For Fully Funded Rhodes Scholarship at Oxford University 2021.

Leave a Reply

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

POPULAR NEWS

Breaking News: CBN Covid-19 Loan Re-Opened Portal (See Requirements)

Breaking News: CBN Covid-19 Loan Re-Opened Portal (See Requirements)

September 1, 2021
Apply for National Directorate of Employment Recruitment ; 2021/2022 Online Application Portal Now Open

Apply for National Directorate of Employment Recruitment ; 2021/2022 Online Application Portal Now Open

September 10, 2021
Apply for NIRSAL Agro Geo-Cooperative Loan 2022

Apply for NIRSAL Agro Geo-Cooperative Loan 2022

January 31, 2022
Apply Loan For Businesses At National Alliance For Poverty Eradication In Nigeria (NAPE) N50,000 to N200,000.

Apply Loan For Businesses At National Alliance For Poverty Eradication In Nigeria (NAPE) N50,000 to N200,000.

October 11, 2021
Download Npower NEXIT Training List Batch 1 & 2 ( All 36 States)

Download Npower NEXIT Training List Batch 1 & 2 ( All 36 States)

March 14, 2022

EDITOR'S PICK

Federal Government Approves Home-Grown Genetically Modified Maize.

Federal Government Approves Home-Grown Genetically Modified Maize.

October 12, 2021
Shell And Other Oil Giants Leave Nigeria.

Shell And Other Oil Giants Leave Nigeria.

March 1, 2022
+ Layout News and Magazine theme

Women shouldering ‘cost and burden’

March 16, 2018
Apply for Current Career Opportunity for Supply and Logistics Assistant at Oxfam Nigeria

Apply for Current Career Opportunity for Supply and Logistics Assistant at Oxfam Nigeria

February 25, 2022

OHUB HQ, No, 6 Nun Street, Off Danube Crescent, Maitama, Abuja.
Copyright © 2022 Opportunities Hub, Inc. Companies. All Rights Reserved