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