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.

JOIN US FOR MORE ON:
or

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:

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

NOW FREE: Telegram SuperGroup Sales Formula: How to use Telegram to Sell Digital Courses



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!

LATEST OPPORTUNITIES:

🕛 Oct 05, 2022
2022 Graduate Trainee Programme at The Place
in Internships / Graduate Trainee Progs. | for Graduates

🕛 Oct 05, 2022
2023 GBHI Atlantic Fellows for Equity in Brain Health Programme
in Fellowships | for Professionals

🕛 Oct 05, 2022
Google for Africa Small & Medium Businesses Masterclass 2022
in Trainings and Workshops | for Entrepreneurs

🕛 Oct 05, 2022
Nimbus Media Aid Project for MSMEs 2022 (Win N2M Free Advertising)
in Grants & Fundings | for Entrepreneurs

🕛 Oct 05, 2022
Sterling Bank Graduate Development Program 2022
in Internships / Graduate Trainee Progs. | for Graduates

🕛 Oct 06, 2022
Government Of Quebec Postdoctoral Training Scholarships 2023-2024 for International Researchers
in Post-Graduate Programs | for Postgraduates

🕛 Oct 06, 2022
Nestle Nigeria Technical Training Programme 2022
in Internships / Graduate Trainee Progs. | for Graduates

🕛 Oct 07, 2022
African Union – European Union (AU-EU) 2022 Digital for Development (D4D) Blogging Competition
in General Competitions | for Everyone

🕛 Oct 07, 2022
Apply: Polygon Bootcamp Africa 2022 for Web3 Developers
in General Competitions | for Africans

🕛 Oct 07, 2022
Growth4Her Investor Readiness Accelerator Program for Women SMEs 2022
in Grants & Fundings | for Entrepreneurs

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