The Personal Loan Against Salary (PLAS) is a flexible finance solution designed for salary account holders to meet long-term personal needs, such as vacations, payment of children’s school fees, rent obligations, home furnishing, or future investments. Salary account holders with an existing Personal Loan who have consistently met their monthly repayment obligations may also access a top-up on their existing loan. We also offer a Personal Loan Buy-Over for employees of approved organisations who wish to transfer their salary accounts to FirstBank.

With the Personal Loan Against Salary:

• Get up to ₦150 million to meet your personal needs, subject to eligibility.
• Repay conveniently over a flexible period of up to 72 months, based on your employer’s eligibility and retirement age.
• No collateral is required.
• Enjoy competitive interest rates.
• Access additional funds by topping up your existing Personal Loan, subject to a satisfactory repayment history and eligibility.
• Move your existing personal loan from another financial institution to FirstBank through the Personal Loan Buy-Over option.

To apply for the Personal Loan Against Salary, choose any of the following channels and provide the required documents:

• Apply through the Consumer Loan feature on FirstMobile or the LIT App
• Contact your Relationship Manager
• Complete the Personal Loan Application form (Click here to download form) and submit it at the nearest FirstBank branch for processing.

Required Documents

• Valid means of identification, such as a driver’s license, international passport, National Identity Card, or Voter’s Card. 
• Valid employer-issued work identification card
• Irrevocable letter of salary domiciliation from your employer, confirming that your salary will be paid into your FirstBank account throughout the loan tenor.