This article discusses all you need to know about Creditville loans. Also, it highlights some of Creditville loan’s products.
Creditville Loan
In Nigeria, a private lending institution called Creditville specializes in providing loans to both individuals and small businesses. It seeks to establish itself as the most dependable, effective, and dominant private lending service provider in the nation.
With its headquarters in the center of Victoria Island in Lagos, Nigeria, it currently has five branches. Salary loans, auto loans, hire purchase loans, and business loans are among its available products.
Creditville takes pride in running its company with honesty, integrity, and openness; as a result, it won the “Most Trusted Customer Finance Company” honor at the 2020 Africa’s Finance Awards.
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Awards that many loan companies envy, which is what makes Creditville truly stand out.
It operates by providing truly astounding services to its group of distinct organizations, and individuals looking to expand their small to medium-scale businesses in the harsh economy of Nigeria.
It is also renowned for its efforts in leveling the playing field for women in Nigeria by providing loan products that are specially designed to remove barriers to women’s access to capital.
Here are some reasons given for requesting a loan from them right now.
CreditVille Loan Products
Discussed below are some of Creditville Loan’s Products.
Salary Advance
They offer quick loans for salary earners called payday loans. Their loan has no collateral, and they are free to postpone repayment for up to a year without incurring any fees.
Your employer’s information, including your salary, length of service, and position, will be used to calculate the loan amount and interest rate.
The loan term ranges from three months to six months, and it can be up to fifty percent of your monthly salary.
Money is immediately transferred to your salary bank account once you have chosen the amount you want and established your repayment schedule.
Business loans
A business loan is a type of financing intended for entrepreneurs and other self-employed people to help them expand their businesses by providing working capital between the amounts of ₦200,000 and ₦2,000,000.
Cab Lease/Hire Purchase
A car loan or auto finance product called Creditville Limited Cab Lease is specifically made for people who want to purchase their own vehicle through the hire purchase process.
By giving people access to cabs for uber, Taxify, and other ride-sharing services, this car finance loan is currently enabling individuals to launch their own businesses and become their own bosses.
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What is the Maximum Loan Amount I Can get from Creditville?
You can obtain a loan in Nigeria for anywhere between N100,000 and N4,000,000. They design their loan products for salaried individuals and small businesses.
The loan’s duration ranges from six to twelve months. They provide the loan services detailed below.
Creditville Personal Loan (Pay Day Loan)
This product was created by Creditville with professionals and other wage earners in mind. It was created to satisfy customers’ needs for instant cash.
Their payday loan offer ranges from N100,000 to N4,000,000 and has a tenor of up to 12 months.
Requirements for Salary/Payday Loan
- Application letter for a payday loan
- a copy of the client’s employee ID card
- a copy of a valid Nigerian identification document
- Passport photograph
- Statement of Salary Current Account
- Form for salary loan duly completed.
- Employment letter or confirmation of employment
- Address Proof (Utility Bill, Rent Receipt).
- Under certain conditions, a guarantor is required.
SME Loan
This product fills any gaps that may arise during the normal operation of a business. The company must properly register and keep organized financial and cash flow records.
The business loans offer between N100,000 and N4 million with a tenor of up to 6 months before repayment is due.
Also, check out Loans for Salary Earners in Nigeria.
Requirements for SME/Business Loan
- A single passport picture
- NUBAN checks with a later date
- Account Statement
- Certificate of Association (CAC)
- Memorandum of Association
- One way to identify yourself (international passport, driver’s license, or national ID)
- A trustworthy guarantor
Car Loan/Auto Lease
For the purchase of a personal vehicle, the product provides car loan facilities in the form of asset finance to people with salary jobs.
The car will only be used for personal transportation; no business use will be intended. After all loan payments have been made, the customer receives ownership of the vehicle.
Requirements for Car Loan/Auto Lease
- A properly filled out application
- A current commercial driver’s license
- Copies of official identification documents
- recent utility bill for the residence
- Bank statement for six (6) months
- A properly completed asset financing contract
- evidence of equity contribution filed with the account of Creditville Limited.
Other business interests include:
Real Estate
Creditville Properties is the real estate and property management arm of Creditville Limited. It provides real estate solutions in major Nigerian cities, including agency business, property management, and property development.
Also, they are present in other cities such as Lagos, Abuja, and Port Harcourt.
Capital Markets
Creditville is an SEC-licensed investment advisor that manages a variety of investment portfolios and provides other investment advisory services to private investors.
Final Notes on CreditVille Loan
Through their employer, Creditville is an online lender that offers Payroll-based consumer loans to qualified borrowers.
The borrowed sum is then subtracted from your paycheck each month, which saves you the hassle of thinking about the amount borrowed or you not paying back.
After you have submitted the required information and conditions, Creditville can quickly deposit an urgent or emergency loan into your account within 48 hours.
It is best for anyone looking for an unsecured personal consumer loan, students, and people with thin credit files who are ineligible for conventional bank loans.
If you have any questions, make sure to drop them in the comments section below. Also, you can read more about finances.
Before you go, check out The List of Personal Loans in Nigeria.