Loans
Discover our range of loan products designed to meet your financial needs.
First Ally Trust offers flexible and convenient loans with competitive interest rates, empowering you to achieve your goals.
Get quick and flexible loans at competitive interest rates, designed to meet personal and business needs.
SME Loan
The SME Loan is designed for small and medium-sized enterprises that require funding to expand operations, increase working capital, or acquire business assets. Loans are processed based on verifiable business income and CAC registration, ensuring structured businesses can access credit with ease.
Key Features:
- Loan amount: Up to ₦50 million
- Attractive interest rate
- Flexible Repayment frequency
Micro Loan
This loan is targeted at traders, artisans, and shop owners who need short-term funding for their businesses. It provides quick access to capital based on verifiable business income, allowing small business owners to keep operations running smoothly.
Key Features:
- Loan amount: Up to ₦5 million
- Short-term repayment plan
- Attractive interest rate
- Flexible Repayment frequency
- Designed for small business owners
- Seamless application process
Save and Borrow
This product is designed for petty traders and small business owners who maintain deposits with the bank and require additional funding for their businesses. With consistent savings, customers can access financing while continuing to grow their accounts.
Key Features:
- Available to existing savings customers
- Encourages disciplined savings while providing access to credit
- Business must have a stable place of operations
Salary-Backed Loan
Designed for private sector employees , this loan offers easy access to funds with employment verification as the primary requirement.
Key Features:
- Loan amount: Up to ₦5 million
- Repayment period: Up to 12 months
- Eligibility: Employment must be verifiable and stable
- Requirements: Employer verification, payslip, valid ID
Educational Loan
Our Educational Loan is designed for parents and guardians looking to finance primary, secondary, and tertiary education expenses. It provides a structured repayment plan, ensuring financial ease while securing a child’s future.
Key Features:
- Covers tuition fees for all levels of education
- Available to salary earners and self-employed individuals
- Flexible repayment plans
Asset Loan
This loan enables individuals and businesses to purchase or upgrade assets such as cars, trucks, and equipment needed for business operations.
Key Features:
- Loan purpose: Vehicle acquisition, asset upgrades
- Available to individuals and corporate entities
- Friendly repayment options
Cash-Backed Loan
This facility allows individuals, SMEs, and corporate businesses to obtain loans using their existing deposits (fixed deposits, current, or savings balances) as collateral.
Key Features:
- Loan amount: Up to 90% of deposit value
- Available to individuals and businesses
- Secured against fixed deposits or savings balances
Public Sector Employee Loan
This loan is tailored for government employees, providing low-interest, fast-disbursing loans for personal or project use.
Key Features:
- Competitive interest rates
- Fast disbursement – Access funds within 4 hours
- Flexible repayment plans – Up to 15 months
- Loan amount: Up to ₦4 million
- Valid Work ID card or means of identification
- Passport photograph
- Recent payslip