How to apply through https://credicorp-register.ng/apply
The Consumer Credit Scheme is an initiative by the Federal Government of Nigeria to provide affordable loans to individuals, especially civil servants, to purchase consumer goods and services. Here’s a breakdown of how it typically works:
1. Partnership: The government partners with financial institutions, such as banks and microfinance institutions, to provide the loans.
2. Eligibility: Civil servants and, in some cases, private sector employees, are eligible to apply for the loans.
3. Loan Amount: The loan amount varies, but it’s usually a percentage of the applicant’s annual salary.
4. Interest Rate: The interest rate is subsidized by the government, making it lower than the market rate.
5. Repayment: The loan is repaid through monthly deductions from the borrower’s salary.
6. Collateral: No collateral is required, as the loan is guaranteed by the government.
7. Application: Applicants can apply through the partnering financial institutions or online platforms.
8. Approval: Loans are approved based on creditworthiness and other criteria set by the financial institutions.
The Consumer Credit Scheme aims to empower individuals to purchase essential goods and services, stimulate economic growth, and reduce poverty. However, please note that specific details may vary depending on the implementing agency and the specific program.
https://www.credicorp.ng
Requirements For Nigerian Consumer Credit Corporations
FIRST NAME
LAST NAME
DATE OF BIRTH
PHONE NUMBER
ACCOUNT NUMBER
BANK NAME
EMAIL ADDRESS
GENDER
NIN NUMBER
DATE OF BIRTH
STATE OF ORIGIN
LOCAL GOVERNMENT
NAME OF BUSINESS
YEAR OF BUSINESS
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