FirstGem Loan Scheme for 500k to 3M Application Form is Out: How to Apply for First Bank Gender Support Loan – This update will guide you on the steps to apply for FirstGem Loan Scheme and have a chance to qualify for 500,000 to 3million Naira. All you need for a successful First Bank Gender Support Single-digit Loan for Business are all contained here

FirstGem Loan Scheme for 500k to 3M Application Form is Out: How to Apply for First Bank Gender Support Loan

Currently, the application form portal for FirstGem Loan Scheme is out and available for all to apply.

What is First Gem?

FirstGem Fund Scheme is FirstBank’s gender support single-digit loan for women in MSMEs, to enable them meet their working capital and asset finance needs.

Eligible Business for FirstGem Loan

MSMEs in the following approved sectors can apply:

1. Food/Beverage processing & Packaging Confectionaries
2. Catering & Restaurants
3. Transportation (Logistics) 4. Beauty/cosmetic products
4. Agric/Agro Allied (retail / food value chain)

Read: BOA Agric and Non Agric Loans Application Form Portal 2022

Customers Eligible to Access and Apply for FirstGem Fund Loan

1. All women owned and led MSMEs with at least 51% female ownership in the approved sectors.
2. Eligible businesses must be registered with CAC.

Read: SMEDAN $100,000-$1000,000 Grant Application Form Portal for Entrepreneurs 2022: Apply Here

Loan amount for FirstGem Loan Form

1. Minimum of N500,000 and a maximum of N3M with a single digit loan at 9%
2. The repayment period for the FirstGem loan is 12months for Working Capital and 24months for the Term Loan.
3. Customers of other banks can also apply on provision of their 12-month business account statement from another bank and opening of a Gem Business account.
4. Customer in FMCG or Fashion industry are not eligible to access the FirstGem fund

How to Apply for FirstGem Loan

Download the loan application form here and visit your branch or any of Firstbank branches nationwide to submit and initiate your loan.

For further information, go to the Firstbank Nigeria FirstGem loan page