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
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