How to Apply For First Trader Solutions (FTS) Loan 2021

Please check your E-mail inbox or spam to confirm.

If you are a trader and you are looking for funds to finance your business, you are currently at the right place. The First Trader Solution Loan 2021 will help finance your business and take it to the next level.


The First Trader Solution is a short term overdraft facility offered to traders in pre-approved market locations that deal in fast-moving goods.

The overdraft allows you to continue withdrawing money even when your account with First Bank has no money in it or has insufficient funds to cover the amount needed for withdrawal. So, it is a kind of loan.

SEE ALSO: First Bank of Nigeria Job Recruitment (5 Positions)

Features of First Trader Solutions Loan 2021

  •  It is only available to traders that deal in fast-moving goods.
  • The loan tenor is either 90 days or 180 days.
  • The minimum loan amount is five million Naira (N5,000,000).
  • It does not require collateral for the 90 days variant.
  • Collateral for the 180 days variant shall be an equitable mortgage on shop title documents to cover 200 per cent of the loan amount.
  • It requires opening of a charged Savings account with an opening amount of 5% of the loan amount. There will also be subsequent deposits as shown below:
  • a) 0.5% of the loan amount daily throughout the tenor of the 180 days facility.
  • b) 1% of the loan amount daily throughout the tenor of the 90 days facility.
SEE ALSO: How to Get Quick Loans with First Bank Salary Advance

Benefits of the facility

  • It helps increase business volume through the injection of additional funds.
  • The steady build-up of funds which can be used to either pay back the loan or ploughed back into the business upon liquidation of the facility.
  • Easy repayment plan.
  • No collateral required.

How to Apply for First Trader Solutions loan 2021

Kindly follow the guideline below to apply for a First Trader Solution loan:

HEY THERE: Are you looking for a WhatsApp TV where you can find great memes, funny videos, and trending gists, even with several opportunities with cash prizes? Then look no further. LOP TV is here to bring to you this top-rated content. JOIN LOP TV now

1. Download the Retail Loan Application Form. To download the application form Click Here

2. Complete the form and submit it to the nearest FirstBank branch

3. Wait for a response from the bank

⚡️We have recorded a 96% success rate on our ad packages at Latest Opportunities. You can read customers comments, check our numbers or book a package now.

DISCLAIMER: Do not pay or release sensitive financial details to any organizer/recruiter unless futher verified from your end.

Easter Hunt Sale
Easter Sale
Sam Rantimi

About the Author: Sam Oluwarantimi

Interpersonal Communication Specialist & Graduate (Biology), Obafemi Awolowo University. Join me on Twitter.

Got a question/Suggestion? Let's talk!


🕛 May 28, 2023
SRHIN Health Equity Champions Program for Nigerian Residents 2023
in Grants & Fundings | for Nigerians

🕛 May 28, 2023
Swansea University 2023 Eira Davies Scholarships for Developing Countries
in Masters Programs | for Graduates

🕛 May 29, 2023
MTN Pulse Internship Program for Undergraduate Students 2023
in Internships / Graduate Trainee Progs. | for Undergraduates

🕛 May 29, 2023
Pivot to Tech Access Corporation DigiGap Program For Talented Young Nigerians 2023
in Trainings and Workshops | for Nigerians

🕛 May 29, 2023
WHO/TDR 2023 Postgraduate Scholarship for Developing Countries (Fully-funded)
in Masters Programs | for

🕛 May 30, 2023
IMF 2023 Youth Fellowship Program for Young People (Fully-funded)
in | for Youths

🕛 May 31, 2023
2023 Startupbootcamp Sustainability Accelerator Program For Startups (Up to €15,000)
in Trainings and Workshops | for Startups

🕛 May 31, 2023
African Academy Of Sciences (AAS) Fellowship For African Scholars 2023
in Fellowships | for Africans

🕛 May 31, 2023
CICOPS Scholarship Program for Developing Countries 2023 (Fully-funded)
in Scholarships | for Professionals

🕛 May 31, 2023
Folly Journal Open Short Story Contest 2023
in General Competitions | for Writers & Poets

1 2 3 4 5 6 7 8 9 10 11 12