Fidelity Bank Personal Loans: Apply online

Fidelity bank offers a wide range of personal loan products to meet customer’s short term emergency needs. The customized loans are designed to meet specific personal needs regardless of credit situation.

These loans can be applied for online, and customers can receive the disbursed funds into their bank account without visiting the banking hall. Here are all of Fidelity Bank’s personal loan products, eligibility and how to apply;

Fidelity payday loan

Fidelity payday loan is targeted at staff of public and private organizations who have their salary accounts domiciled with the bank. Salary earners that need emergency funds can get up to 50% of their salary before the end of the month at 4.5% interest rate.

Requirement & Eligibility

  • No documentation required: no need to present any collateral as the loan is unsecured.
  • Salary Account must be in Fidelity bank and be active for at least three (3) months; non-Fidelity customers who wish to enjoy this facility should have their monthly salary paid into an account with the bank.
  • Customer must have credit balance; applicant’s bank balance should be higher than zero.
  • A good credit rating; your credit rating is the record of your history of borrowing from other institutions. Paying back your loans on time will give you a good credit rating, see how to check your credit score and improve it to stand a better chance of getting a loan.
  • Tenor – up to 30 days; repayment period is up to 30 days or on your next payday, but a tenor extension can be sorted.
  • Charge – 4.5% flat (Upfront); this means that if you’re requesting for a loan of #100,000 your interest will be just #4,500 for the loan period.
  • Minimum loan amount of N1,000.00
  • Up to 50% of net monthly salary subject to a maximum of N500,000.00
  • Pre-liquidation is allowed without penalty; you can repay your loan before the expiration of your tenor. Pre-liquidation is a good way to improve your credit rating.
  • Domiciliation of salary & GSI

Fidelity Personal Loan

The Fidelity Personal Loan product is much similar to the Payday loan in that it is also a salary backed loan targeted at individuals in private and public organizations whose salaries are domiciled with the bank. Applicants get a higher tenor of up to 24 months and a higher loan amount up to #5million.

Terms & Features

  • Tenor – 12 Months; the loan will be repaid monthly and should be completely cleared within 12 months.
  • Interest Rate: 2% per month. 24% per annum.
  • Mgt. Fee: 1%flat.
  • 1.5% Insurance Fee.
  • minimum loan amount of N10,000.00.
  • Up to 40% of net Annual salary subject to a maximum of N5,000,000.
  • Equal monthly repayment comprising principal and interest.
  • Pre-liquidation is allowed without penalty; you can repay your loan before the expiration of your tenor. Pre-liquidation is a good way to improve your credit rating.
  • Collateral/Support – Domiciliation of salary, Credit Insurance & GSI.

Fidelity Point of Transaction (POT) Loan

Imagine you are about to pay for an item or a service only to get one of those pesky insufficient balance alert. POT is a short-term loan designed to provide bridging finance to Fidelity Bank customers for immediate completion of their financial transactions initiated on ATM, Web, Point of Sale (PoS) due to insufficient balance.

Requirement & Eligibility

  • User must be a Fidelity Account holder.
  • Account must have minimum balance of above N500.
  • Account must be in credit balance.
  • Customer must not have an outstanding POT loan.
  • Total transaction value must not exceed the ledger balance; the ledger balance is the account balance at the start of the day before any transaction takes place for that day.
  • Tenor – 14 days; you have less than 14 days to payback the loan.
  • Loan Amount – Up to N10,000

Fidelity NYSC Loan

 Serving members of the National Youth Service Corps (NYSC) can apply and get instant loans disbursed into their accounts to meet their financial needs.

Requirement & Eligibility

  • Must be a serving corps member
  • Credit check will be conducted
  • Must accept the T&Cs

The Fidelity NYSC Loan consists of Personal and Payday loans:

Personal Loan up to N100,000Payday Loan up to N100,000
Tenor – 10 monthsTenor – 30 days
Management Fee – 1% chargeable upfrontInterest and Fees – 1.95%.
Insurance Fee – 1% chargeable upfrontManagement Fee – 1.00% flat

Interest Rate – 2% p.m.
Credit Life Insurance – 0.25% flat
Easy documentation
Quick processing time
Instant disbursement

Migo loan

Fidelity bank has a working relationship with the online loan app Migo to provide short-term, collateral-free, instant loans to their customers. Migo is a micro loan service that provides instant access to loan disbursed directly to a customer’s account with no documentation required.

Requirement & Eligibility

  • Must have a Fidelity Bank account
  • Phone must be registered with the bank.
  • Phone must be recharged
  • Interest – Determined by customer’s credit score
  • Fee – None
  • Tenor – Determined by customer’s credit score
  • No Collateral


How do I request for a Fidelity bank loan?

You can request for a loan by dialing the USSD code *770*08# from the mobile number registered to your account. You can also make a request on the Fidelity mobile app as well as to the chatbot on WhatsApp on +2349030000302. Getting loan approval is subject to eligibility and qualifications stated above.

How do I repay my Fidelity loan?

You can pay back your Fidelity loan by dialing the USSD code *770*08# and select ”pay loan” option.

Can Non-Fidelity customers access a Personal loan?

If your salary is processed via Remita, Tenece, E-tranzact, veripay you can apply for a Personal loan. Please note that you need to open a Fidelity bank account for the loan to be disbursed.

What can affect my chances of getting a Fidelity loan?

Phone number not linked to your account
Evidence of non-receipt of salary in the past six(6) months
Outstanding loan(s) in Fidelity bank or other banks
Existing loan and if the monthly repayment is higher than your eligible amount.
Bad credit rating

Fidelity loan phone number?

To get a Fidelity loan, chat with the bot Ivy on WhatsApp with the phone number +2349030000302.


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