GoldenNewsNG
  • Home
  • News
  • Education
  • Business
  • Jobs
  • Daily Guides
  • About Us
  • Advertise with Us
  • Home
  • News
  • Education
  • Business
  • Jobs
  • Daily Guides
  • About Us
  • Advertise with Us
No Result
View All Result
Golden News
No Result
View All Result

Apply for First Trader Solutions (FTS) Loan 2021

Enudi Golden by Enudi Golden
January 11, 2024
in business, Featured, Scholarship/ Opportunities
Reading Time: 2 mins read
How To Easily Access NPF Microfinance Bank Loans (Non-Collateral) - Direct Link to Apply
15
SHARES

READ ALSO

Nigerian Banks Resume International Transactions on Naira Debit Cards

Dollar to Naira Black Market Exchange Rate today 5th July 2025 – AbokiFX

Advertisements

Apply for First Trader Solutions (FTS) Loan 2021 following the guideline below:

 

The First Trader Solution is a short-term overdraft facility offered to traders in pre-approved market locations who deal in fast-moving goods. It comes in two variants; the Main FTS (180-day variant) and the Exceptional FTS (90-day variant).

 

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.

 

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 percent of the loan amount.
  • It requires the 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.

 

Benefits of First Trader Solutions Loan 2021

 

  • It helps increase business volume through the injection of additional funds.
  • The steady build-up of funds 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

OTHER LOAN OPTIONS

  • List of Microfinance Banks You Can Get Up to N5 Million Business Loan Easily
  • MSMEs : How to qualify for FG’s survival fund for small businesses
  • Latest Update on NYIF Loan May 2021
📢 JOIN OUR WHATSAPP GROUP 📢 JOIN OUR TELEGRAM CHANNEL
Previous Post

Happy New Month Messages, SMS , Wishes & Prayer For June 2021

Next Post

Client Manager (Investment Marketer) at Gemstone Microfinance – 7 Openings

Related Posts

Nigerian Banks Resume International Transactions on Naira Debit Cards

Nigerian Banks Resume International Transactions on Naira Debit Cards

Nigerian Banks Resume International Transactions on Naira Debit Cards as FX Liquidity Improves GoldenNewsNg reports that after nearly three years...

Read moreDetails

Dollar to Naira Black Market Exchange Rate today 5th July 2025 – AbokiFX

Dollar to Naira Black Market Exchange Rate today 5th July 2025 – AbokiFX

Dollar to Naira Black Market Exchange Rate today, 5th July 2025, can be accessed below.   GoldenNewsNg has obtained the...

Read moreDetails

FG Sets Petrol Pricing Forum as Marketers Demand Transparency

Petrol Pricing Forum

FG Sets Petrol Pricing Forum for July 23–24 as Marketers Demand Transparency GoldenNewsNg reports that the Federal Government has scheduled...

Read moreDetails

Dollar to Naira Black Market Exchange Rate today 4th July 2025 – AbokiFX

Dollar to Naira Black Market Exchange Rate today 5th July 2025 – AbokiFX

Dollar to Naira Black Market Exchange Rate today, 4th July 2025, can be accessed below.   GoldenNewsNg has obtained the...

Read moreDetails

Applications Now Open for the 2025 SMEDAN-Wema Bank Capacity Building Program to Empower Youths and MSMEs

Applications Now Open for the 2025 SMEDAN-Wema Bank Capacity Building Program to Empower Youths and MSMEs

Applications are Now Open for the 2025 SMEDAN-Wema Bank Capacity Building Program to Empower Youths and MSMEs. Read details below.....

Read moreDetails

Africa Impact Fundraising (AIF) Grant Program 2025 – Up to $5,000 Matching Funds + Training Opportunities

Africa Impact Fundraising (AIF) Grant Program 2025 – Up to $5,000 Matching Funds + Training Opportunities

The Africa Impact Fundraising (AIF) Grant Program is a new initiative launched by the New Africa Fund to empower African...

Read moreDetails

Federal Govt Launches ₦50 Million Grant to Support Student Entrepreneurs

Federal Govt Launches ₦50 Million Grant to Support Student Entrepreneurs

Good News for students in business, the Federal Government has launched a ₦50 Million Grant to Support Student Entrepreneurs.  ...

Read moreDetails

Dollar to Naira Black Market Exchange Rate today 3rd July 2025 – AbokiFX

Dollar to Naira Black Market Exchange Rate today 5th July 2025 – AbokiFX

Dollar to Naira Black Market Exchange Rate today, 3rd July 2025, can be accessed below.   GoldenNewsNg has obtained the...

Read moreDetails

Federal Government Launches CNG Conversion Training for Female Mechanics in Edo State

CNG Conversion in edo state

The Federal Government has flagged off a specialized Compressed Natural Gas (CNG) conversion training programme for female mechanics in Edo...

Read moreDetails

FG Empowers 10,000 Women with ₦100,000 Inventory Loans Through CrediCorp – See How to Apply 

CrediCorp Market Women Low Interest Loan

In a bid to deepen financial inclusion within Nigeria’s informal sector, the Nigerian Consumer Credit Corporation (CrediCorp), in collaboration with...

Read moreDetails
Load More
Next Post
Client Manager (Investment Marketer) at Gemstone Microfinance – 7 Openings

Client Manager (Investment Marketer) at Gemstone Microfinance – 7 Openings

SEARCH ADS

Latest Posts

Education

SUG Leaders tasked to join fight against Sexual, Gender Based Violence in Higher Institutions across Niger state

DESOPADEC Begins N50,000 Bursary Payouts in August
Education

DESOPADEC set to Commence N50,000 Bursary Payment

Hard Skills Mentorship Programme Empowers Young Nigerian Women
Headline

Apply Now: Soft Girl, Hard Skills Mentorship Programme Empowers Young Nigerian Women

Nigerian Banks Resume International Transactions on Naira Debit Cards
business

Nigerian Banks Resume International Transactions on Naira Debit Cards

Headline

Over 51,000 Adamawa Residents Receive ₦75,000 Each Through FG Conditional Cash Transfer Programme

Apply for FG and Amazon Web Services Digital Skills Program for Nigerians
Headline

Apply for FG and Amazon Web Services Digital Skills Program for Nigerians

Lagos State TESCOM Teachers Recruitment 2025
Headline

Apply Now: Lagos State TESCOM Teachers Recruitment 2025 | Application Portal, Requirements, and Deadline

FG Partners DBN To Provide Grants To 3MTT Nigeria Fellows
Headline

FG Partners DBN to Provide ₦100 Million Grant to 3MTT Nigeria Fellows

Dollar to Naira Black Market Exchange Rate today 5th July 2025 – AbokiFX
business

Dollar to Naira Black Market Exchange Rate today 5th July 2025 – AbokiFX

Breaking: Court Reinstates Senator Natasha, Slams Senate Over Excessive Suspension
Headline

Breaking: Court Reinstates Senator Natasha, Slams Senate Over Excessive Suspension

© 2024 Golden News

  • About Us
  • Advertise with Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms And Conditions
No Result
View All Result
  • Home
  • News
  • Education
  • Business
  • Jobs
  • Daily Guides
  • About Us
  • Advertise with Us

© 2024 Golden News