Frequently Asked Questions

BVN, account number and means of identification

Federal MDAs, police, civil servants and some tertiary institutions

Yes, provided you are credit worthy/ have the capacity to repay

For IPPIS the deduction will be the source. Secondly, repayment will be made directly to the company 's account after the 30days moratorium

Missing a repayment is strongly discouraged. It attracts a daily default rate of 6% on the outstanding loan

Yes! Early repayment is good, it encourages an increase loan amount

Processing fee is charged at 1%

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