It is the beginning of another school term and as students return to school after the long holidays, First Bank of Nigeria Limited remains committed to supporting schools with their business requirements to enhance preparations for the school year.
Though, FirstBank has set aside N15bn Loan budget to enable schools in Nigeria acquire attractive educational facilities to support their business. FirstBank’s educational products and solutions include the FirstEdu Loan, Operational Vehicle Loan, Term Loans for constructing new sites and extension of existing sites, Personal Loan against Salary (PLAS) and Salary Overdraft (SODA) which enhances Parents/Guardians’ capacity to pay their wards’ school fees.
According to the Group Head, Marketing and Corporate Communications, First Bank of Nigeria Limited, Folake Ani-Mumuney said “We remain committed to driving relevance, ease and convenience for all our customers using our array of banking products and services. As the new school term begins, customers can be assured of sending their children and wards back to school with ease.”
Four Offerings You Would Require As Schools Resume
Personal Loan Against Salary (PLAS)
Provides loans against salaries at a competitive rate to enable customers meet immediate needs such as the payment of school fees. PLAS has a flexible repayment plan spread up to 48 months to enhance convenience and there is no equity contribution or collateral requirement. Only a salary account with any of FirstBank’s approved list of employers qualifies the customer to access PLAS.
The FirstBank Naira Credit Card
This offer up to 45 interest free days on used funds and customers would have the opportunity to spread the cost of the child’s school fees with the Card.
FirstBank’s mobile banking application with real-time mobile banking services including bill payments, domestic funds transfers; airtime purchase on all mobile networks; cheque services; flight booking; quick account services and much more. FirstBank customers can leverage the Firstmobile App to pay school fees conveniently from the comfort of their homes and generate receipts instantly. The FirstMobile app is currently available for download on Google Play store, Blackberry World and Apple store.
FirstBank’s cutting edge internet banking solution with improved features to promote and safeguard the electronic banking experience of customers. Customers can pay bills and do much more with Firstonline. Some of the features include self-verification for intercepted transactions, statement download in different file formats, multiple transactions with a single token entry, creation and cancellation of standing orders or recurring transfers, as well as improved security to mention a few. Firstonline can be accessed via FirstBank’s website www.firstbanknigera.com.
Something for Cradle, Teenagers and Youths
The Bank also has a bouquet of financial solutions to support these age brackets with its KidsFirst (0-12years), MeFirst (13 – 17 years) and ExploreFirst (18 -24 years) product suites, taking care of the academic and financial needs of customers from cradle to adulthood. Customers are advised to open these accounts at any FirstBank branch for the financial security of their children and wards.