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What is the pricing?6% flat and no hidden charges
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What is the tenure?Between 1-12 months
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What is the maximum amount that can be accessed?N50,000 to N20,000,000
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Is the interest on reducing balance?No. Its flat on the initial principal
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Is there room for early liquidationYes, at no extra cost. Interest for outstanding months will not be charged
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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
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Do I have to be in Abuja to apply?No you don't have to be in Abuja
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What is the turnaround time (TAT) to be credited?Within 12hours once documentation is completed
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Can I invest?Yes. You can take advantage of our fund management products. We also offer financial advisory services
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Is CIL a licensed financial institution?Yes CIL is a licensed financial institution, regulated by The Central Bank of Nigeria
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