Conditions Precedent to Drawdown

  1. Receipt of month-to-month income ( by way of a preapproved consumer database) into the Lender (at the least Two (2) months’ salary should be gotten into the Borrower’s account when you look at the Bank).
  2. Completion of Application and recognition of offer via FirstBank’s electronic Banking platforms including USSD Code *894#, FirstMobile App, ATM and Web Banking.
  3. Automatic verification on eligibility.
  4. Irrevocable wage domiciliation to your Bank. Execution of Irrevocable Undertaking by company to domicile worker wage along with other allowances and advantageous assets to the financial institution rather than to remit income as well as other allowances, emoluments entitlements and terminal advantages of workers somewhere else with no penned consent of this Bank.