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Frequently Asked Questions

Everything you need to know about the Unsecured Loan Product

  • The most frequently asked questions
What is the maximum loan tenure?

Up to 48 months (4 years)

What documents are required to apply?
  • Valid ID
  • Recent utility bill
  • Letter of Introduction from your employer
  • Last 3 months’ pay slips
  • 6 months’ bank statement showing salary payments

 

What is the minimum income requirement?

Applicants must earn a minimum net monthly income of NGN 50,000.

What collateral is required?

Domiciliation of Salary

Who is eligible for a Unsecured Personal Loan?

Be a confirmed staff member (employed for at least 6 months) with a pre-approved employer .e.g    Military personnel, Police officers, members of paramilitary organisations or private organisations

Who can access the Unsecured Personal Loan facility?

Who can access the Unsecured Personal Loan facility?