First Bank of Nigeria Health Finance Product Guideline

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First Bank of Nigeria Health Finance Product Guideline

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This is a product guide for financing Registered Pharmacies and Private Hospitals

Features for Pharmacies

  • Loan is for the purchase of drugs and other medical supplies locally and internationally.
  • Tenor is up to 6 months.
  • Loan amount is up to N5m.
  • Available to pharmacies either owned by a registered pharmacist or having a resident Pharmacist with professional qualification and license to prescribe drugs.
  • Pharmacy (or resident Pharmacist) must be duly registered with the Pharmaceutical Council of Nigeria (PCN).

Features for Private Hospitals

  • Loan is to finance working capital and for the purchase of hospital/medical equipment
  • Tenor is up to 6 months for Working Capital and 36 months for Equipment finance.
  • Loan amount is up to N5m for Working capital and N10m for Equipment finance.
  • Available to private hospitals that are  registered with reputable HMOs and have operated for a minimum of 5 years.
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