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How do I pre-qualify for a loan?

  • You should be between 21 years and 55 years old.
  • You should have an active email account and an active phone number.
  • You should work and live in Lagos.
  • You must have a verifiable source of Income.
  • You must have an account with a commercial Bank in Nigeria.
  • You must not have a history of returned cheques on your Account.
  • You must have a clean Credit Bureau Report.

How do I apply?

(1) Online Application:
(a) You can complete the application form and attach the required documents online with ease. (b) You can download the Application Form, fill it and scan to with the required documents, and your loan qualification status will be communicated to you within minutes.

What are the required documents for a loan?

  • One recent passport sized photograph
  • Work ID card and any other valid means of ID.
  • 6 months statement of your Salary Account (showing the last 6 salary payments).
  • Postdated cheques drawn on your salary account for monthly repayments

What is the minimum and maximum amount I can borrow?

Minimum amount is NGN50,000 and maximum amount is NGN500,000 “for first-time customers”

How long would it take for my loan to be approved?

You will get a feedback on your request same day we receive your documents and if approved, your bank account will be credited same day.

Are there other charges on your loan apart from the interest?

(A) We deduct 1% of the Approved Loan Amount as Insurance fee before disbursement
(B) Penalty charges apply on late payment and defaults

How do I repay my loan?

You will issue post-dated cheques on your salary account for the monthly repayments or a standing-order mandate will be sent to you for activation at your bank for the monthly repayments.

Can I make payment to the Company’s account for my cheque not to be presented?

Yes, payment in lieu of cheque presentation is allowed. However, your payment should have been received before the due date on your cheque.

Can I pay down my outstanding loan before the end of the loan tenure?

Yes, you can pre-liquidate your loan. However, penal charges will apply

How long do I have to wait after repaying a loan in full before I can reapply for a new one?

There is no waiting time. When your loan has been fully repaid, you can apply for another loan immediately. However, only customers with no history of default will qualify for a new loan.

Can I have multiple loans?

No, you are only allowed to have a single loan at a time. But, you can apply for a top-up on your existing loan provided you have repaid 75% of the principal amount of the existing loan facility.

What do I do if there is a salary delay and my account is not funded?

Send an e-mail to stating the issue and you will receive a feedback.

Can I make part payment of my installment amount before my repayment due date?

Yes, you can. However, you will have to pay up the balance before the due date of your cheque.

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