Frequently asked questions

What is the pricing?


6% flat and no hidden charges




What is the tenure?


Between 1-12 months




What is the maximum amount that can be accessed?


N50,000 to N20,000,000




Is the interest on reducing balance?


No. Its flat on the initial principal




Is there room for early liquidation


Yes, at no extra cost. Interest for outstanding months will not be charged




What are the required documents?


*Six months bank statement of salary account *One passport photograph *Photocopy of ID card(applicant and guarrantor) *Postdated cheques equaling loan tenure *Two postdated cheque of guarrantor *Appointment and confirmation letter




Do I have to be in Abuja to apply?


No you don't have to be in Abuja




What is the turnaround time (TAT) to be credited?


Within 12hours once documentation is completed




Can I invest?


Yes. You can take advantage of our fund management products. We also offer financial advisory services




Is CIL a licensed financial institution?


Yes CIL is a licensed financial institution, regulated by The Central Bank of Nigeria