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Conditions Precedent to Drawdown

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 needs to be gotten within the Borrower’s account when you look at the Bank).
  2. Conclusion of Application and recognition of offer via FirstBank’s electronic Banking platforms which include USSD Code *894#, FirstMobile App, ATM and online Banking.
  3. Automatic verification on eligibility.
  4. Irrevocable income domiciliation to your Bank. Execution of Irrevocable Undertaking by company to domicile employee wage along with other allowances and advantageous assets to the financial institution rather than to remit salary as well as other allowances, emoluments entitlements and terminal advantages of workers somewhere else with no consent that is written of Bank. Read More