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