Fidelity Bank is one of the fastest-rising banks in 2021. The bank has shown outstanding performance from great customer care to better and improved Services.
Today as a Fidelity Bank customer, you can now take a Fidelity Bank Personal Loan to fund your business, projects, pay fees, and many more.
The process of getting a loan from Fidelity bank is pretty straightforward and easy. But before we dive into how you can get a quick personal loan from fidelity bank without using your assets as collateral, let us look at some important things about fidelity bank and why they are regarded as one of the fastest-rising banks in Nigeria.
These days getting loans from financial institutions in Nigeria has become pretty easy, thanks to modern-day technologies like smartphones, computers, and machine learning technologies. Most of this technology, especially the BVN, allows lenders to evaluate your credit score almost instantly and evaluate your worthiness to get a quick loan. If you do not meet their criterion, you’ll be rejected almost instantly.
Fidelity Loan has become pretty easy now as you no longer need to visit the bank, sign some documents or even appear in the bank. All you need is a smartphone with an internet connection.
Also: Loan without Bvn
An Overview Of Fidelity Bank
What Is Fidelity Bank Loan?
What Are The Loan Services Being Offered By Fidelity Bank?
- Fidelity Easy asset leasing scheme.
- Fidelity personal loan scheme.
- Personal mortgage.
- An instant salary advance scheme.
- Fast loans and fidelity credit cards.
Fidelity Easy Asset Leasing Scheme
- Attractive rate with a flexible repayment plan
- Minimum contribution as low as 20%
- Flexible repayment plan
- 48hours approval time
- Choose from a variety of vendors/dealers and manufacturers nationwide
Fidelity Personal Loan Scheme
- Tenor is up to 60 months
- The attractive interest rate with a flexible repayment plan
- Provision for enhancement( top-up) after part liquidation
- Provision for the loan buyback
Personal Mortgage
- Repayment up to 10years
- 10% minimum equity contribution
Instant Salary Advance Scheme
Features Of Instant Salary Advance Scheme
- Minimum required documentation
- 12 hour approval time
Fast Loans and Fidelity Credit Cards
- Payday Loan
- Personal Loan
- Point of transaction
- Fidelity NYSC Loan
- Fidelity Loan on Account Turnover
- Migo
Payday Loan
Eligibility Criterion
- Must be a salary earner
- Salary must be domiciled with Fidelity Bank Plc
- Must have received a minimum of three (3) consecutive months’ salary with Fidelity Bank Plc
- Must have a clean credit report
Feature and Terms Of The Payday Loan
- Loan amount – up to 50% of your net salary income with Fidelity Bank Plc
- Minimum loan amount – ₦10,000.00
- Maximum loan amount – ₦1,000,000.00
- Tenor – up to 30 days
- Interest and fees – 4%. Interest shall accrue on the amount actually disbursed on a reducing balance basis and is payable at the agreed repayment period
- Management fee – 1.00% flat
- Credit Life Insurance – 0.25% flat
Personal Loan
- Account must be active
- Must be an existing customer
- Must be a salary earner
- Must have a clean credit report
Feature and Terms Of Fidelity Bank Personal Loan
- Minimum loan amount – ₦50,000
- Maximum loan amount – ₦5,000,000
- Tenor – 12 months
- Management fee – 1.0% chargeable upfront
- Insurance fee – 1.0% chargeable upfront
- Interest rate – 2.0% p.m / 26% p.a
- Repayment type – Equal repayment monthly i.e., the equal amount repaid by customer.
- Loan Top-up after three (3) successful periodic repayments.
- A credit check is 1% of the loan amount subject to a maximum of ₦3,000
- Full liquidation ability before the due date.
- Loan recovery will be by debiting customers’ salary account monthly
- Quick processing time
- Instant disbursement into Fidelity Bank account
Point Of Transaction
- The user must be a Fidelity Account holder
- Account must have a minimum balance of above N500
- Account must be in a credit balance
- The customer must not have an outstanding POT loan
- Total transaction value must not exceed the ledger balance
Feature and Terms Of Fidelity Bank Point Of Transaction Loan
- Loan Amount – Up to N10,000
- Tenor – 14 days
Fidelity NYSC Loan
- The following conditions must be met before a corps member (customer) is eligible:
- Must be a serving corps member
- A credit check will be conducted
- Must accept the T&Cs
Feature and Terms Of Fidelity Bank NYSC Loan
- Tenor – 10 months
- Management Fee – 1% chargeable upfront
- Insurance Fee – 1% chargeable upfront
- Interest Rate – 2% p.m.
- Tenor – 30 days
- Interest and Fees – 1.95%.
- Management Fee – 1.00% flat
- Credit Life Insurance – 0.25% flat
- Easy documentation
- Quick processing time
- Instant disbursement
- Self-liquidation
Fidelity Loan On Account Turnover
Feature and Terms Of Fidelity Bank Loan On Account Turnover
- Maximum loan amount – ₦100,000
- Tenor – 30 days
- Interest rate – 4.50% flat
- Insurance fee – 0.25% flat
- Loan extension for another 30 days (only once)
- Restructuring fee – 0.5%
- Instant loan/credit disbursed into Fidelity Bank account
- No collateral required
- No guarantor required
- No hidden fees
Migo
Feature and Terms Of Fidelity Bank Loan On Account Turnover
- You must have a Fidelity Bank account
- Your phone must be recharged
- Your phone must be registered with the bank.
How Can I Get A Fidelity Bank Loan?
- Ensure you have a mobile or smartphone with a cellular network then dial *770*08#
- You can also send a text message to Fidelity Bank Ivy on Whatsapp. Their official WhatsApp number is 09030000302.
- You can also request a loan by contacting fidelity bank through Facebook to get more information on how to go about your loan.