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Who Can Apply?
To apply for a Loan
- Must be in active employment with verifiable monthly income
- Must have received salary for at least 3 consecutive months at current job
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Eligibility to Apply
To apply for a Loan
- Valid ID + Passport photo
- Employment confirmation letter or last 3 pay slips
- Completed loan application form
- Bank statement (3–6 months)
- Utility bill for address verification
- Employer's consent (for payroll-deductible plans)
- Guarantor (in non-payroll cases)
- Post-dated cheques (if applicable)
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Loan Terms
To apply for a Loan
- Loan Type: Salary Loan / Payroll Lending
- Amount: ₦50,000 – ₦3,000,000 (≤50% of 3-month salary average)
- Tenor: 1 – 12 months
- Interest: 3.5% – 4% flat monthly
- Fees: 2–3% one-time fee
- Repayment: Monthly salary deduction or post-dated cheques
- Security: Employer confirmation, salary account verification, or payroll partnership
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Risk Control & Compliance
To apply for a Loan
- Loans tied to salary domiciliation or employer confirmation
- Employer notification required for all loans above ₦500,000
- Monitoring of salary inflow during loan tenor
- Early repayment attracts no penalty
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