Based on research and not influenced
This is based on rigorous research, testing and not influenced by our earning potentials.

Requirements for Creditville Loans

  • Post author:
  • Post last modified:09.03.2023

Creditville Loans are stress-free ways of dealing with financial downtimes and unforeseen needs.

With several available loan options, Creditville has made it easier for individuals and businesses running low on funds by supporting and providing adequate services to suit their respective needs.

Maybe you have immediate debts to settle, make necessary purchases, or want to make investments for your future but you don’t have the money to do any of these. Creditville has provided you with loans targeted toward making those dreams of settling debts, purchasing housing, or investing in your future come true.

Loans offered by Creditville include Pay Day Loan, SME Loan, Lady Flexy Loan, Public Sector Loan, and Cash-Backed Loan. 

There are certain characteristics that are similar to all the loans offered by Creditville. These are competitive interest rates, availability in multiple locations, longer repayment tenors, and eligibility for all levels of income earners.

 

Creditville Loans

Below are the available Creditville loans with their requirements:

Click to Scroll to Section

 


Payday Loan

Limit

₦6 million

Interest

5-15%

Tenor

30 days

There are times when you’ve run low on cash in the middle of the month, right when payday is still so far off, and just when something urgent comes up and you find yourself in need of some quick cash. This is where Creditville Payday Loan comes in.

This Creditville loan is stress-free and very easy to get. There are no hidden charges and you can choose to repay your loan in full at any time without any penalty or you can schedule repayments within stipulated months. The loan is disbursed into your account within 4 to 48 hours upon application approval. This Creditville loan is available to salary earners and has a set minimum and maximum amount of N100,000 to N6 million respectively. There is no collateral required.

The repayment is set for your next salary date. It can be scheduled for monthly stipulated repayments or can be repaid in full at any time. Interests are calculated on a reducing balance method.

 

Requirements for Creditville Payday Loan

  • Must be between the ages of 21 and 60.
  • Employment/promotion/confirmation/review letter.
  • Must be located within the southwest, southeast, south-south, and north-central Nigeria.
  • Duly filled application form.
  • A recent passport photograph.
  • A recent utility bill.
  • A clean credit report.
  • 6 months bank statement.
  • Government identification.
  • Work identification.
  • Verification of employment.

 

Creditville Payday Loan Application Channels

You can apply for this Creditville loan through the following:

  • The Creditville website
  • Creditville WhatsApp: 07055554900


SME Loans

Limit

₦6 million

Interest

5-15%

Tenor

12 months

Are you a small business owner looking to invest in your company’s growth and operations? Creditville SME loan is here to help make growth and everyday operations much easier and stress-free. They provide you with enough funding to enable you to carry out the procedures necessary for the growth of your business, be it purchases or hiring more staff.

With this loan available, there’s nothing holding you back from achieving your set goals anymore. You are given the opportunity to chase your dreams without any unnecessary worries.

To apply for this Creditville loan, you can start by filling out an application form online and submit. An agent will then direct you to the next stage where you submit the required documents for inspection. Upon approval, your loan will be disbursed directly into your bank account within 48 hours.

 

Requirements for Creditville SME Loan

  • Between the ages 21-60.
  • Must be within the locations available.
  • A recent passport photograph.
  • 6 months bank statement.
  • Valid means of identification.
  • A clean credit report.
  • Recent utility bill.
  • Board resolution.
  • Corporate Affairs Commission (CAC) documentation.
  • Passport or means of identification of guarantor.
  • Post-dated cheques for monthly repayments.

 

Creditville SME Loan Application Channels

You can apply for this Creditville loan through the following:

  • The Creditville website
  • Creditville WhatsApp: 07055554900


Lady Flexy Loan

Limit

₦6 million

Interest

5-15%

Tenor

12 months

Lady Flexy Loans are incentives provided for women in the corporate environment with the aim of supporting their financial growth and helping them flourish in their businesses.

This Creditville loan scheme encourages women’s empowerment by making it easier for women who are facing financial difficulties and giving them the opportunity they need to make their way through the corporate world.

To begin the application process, you can start by filling out the form online and submitting it. An agent will then direct you to the next stage where you submit the required documents for inspection. Once approved, your Creditville loan will be disbursed directly into your bank account within 48 hours.

 

Requirements for Creditville Lady Flexy Loan

  • Must be of ages 21-60.
  • Must be within the locations available.
  • A duly filled application form.
  • A recent passport photograph.
  • A recent utility bill.
  • A clean credit report.
  • 6 months bank statement.
  • Employment/promotion letter.
  • Government identification.
  • Work identification
  • Employment verification.

 

Creditville Lady Flexy Loan Application Channels

You can apply for this Creditville loan through the following:

  • The Creditville website
  • Creditville WhatsApp: 07055554900


Cash-Backed Loan

Limit

₦6 million

Interest

5-15%

Tenor

12 months

Cash-backed loans are loans created specifically for customers who have deposited funds with Creditville for investment purposes. With this Creditville loan, you can gain access to loans equivalent to your investment value with Creditville.

This Creditville loan is flexible as it has hugely lower rates than the market and mainstream products and requires no repayment instruments.

The application starts when you fill out and submit the form online. An agent will then direct you to the next stage where you submit the required documents for inspection. Once approved, your loan will be disbursed directly into your bank account within 48 hours.

A 2% interest is charged and is calculated on a flat basis. This means the interest is calculated for the duration of the loan.

 

Requirements for Creditville Cashed Back Loan

  • Must be between ages 21-60.
  • Must have a deposit with Creditville.
  • Location within the specified areas.
  • Duly filled application form.
  • A recent passport photograph.
  • A recent utility bill.
  • A clean credit report.

 

Creditville Cashed Back Loan Application Channels

You can apply for this Creditville loan through the following:

  • The Creditville website
  • Creditville WhatsApp: 07055554900


Public Sector Loan

Limit

₦6 million

Interest

5-15%

Tenor

12 months

Do you work in the public sector and are looking for a means to secure funds in order to improve your life as a public sector worker? The Public Sector Loan is available to solve the little problems of the public sector by providing accessible funds and credit facilities.

You can start by filling out an application form online and submit. An agent will then direct you to the next stage where you submit the required documents for inspection. Upon approval, this Creditville loan will be disbursed directly into your bank account within 48 hours.

Requirements for Public Sector Loan

  • Ages 21-60.
  • Location-based.
  • Duly filled application form.
  • A recent passport photograph.
  • Recent utility bill.
  • A clean credit report.
  • 6 months bank statement.
  • Employment verification.
  • Work identification.
  • Pay slip.

 

Creditville Public Sector Loan Application Channels

You can apply for this Creditville loan through the following:

  • The Creditville website
  • Creditville WhatsApp: 07055554900

Features of Creditville Loans

There are services offered at Creditville other than its loans. These services include Leases, Bureau De Change Asset Management, and Microfinance Banking.

 

Lease

A lease is a contract agreement between one party to another where property, land, or services are granted for a period of time in return for a periodic payment.

Creditville is ultimately guaranteed to provide you with top-notch leasing services. With their many years of experience in this service, they’re sure to leave customers satisfied with their products. These lease services are reliable with 100% financing for your vehicles, grant access to assets with minimal capital required, the interest rates are fair and negotiable with no hidden charges, and also give opportunities to raise funds for your business expansion.

Finance Lease

These are leases granted to customers (companies and employees of organizations) in acquiring assets such as equipment, vehicles, and household equipment. This lease makes it possible for businesses and individuals to become owners of their dream properties or vehicles.

Features of finance lease

  • Proper mitigation plans against loss damage and loss.
  • Access to assets with minimal capital.
  • Fair and negotiable interest rates.
  • Repayment plans are flexible.
  • A maximum of 48 months tenor.

 

Micro Lease

Micro Lease is a lease made for small and medium businesses and Transporters. It helps business owners acquire assets gradually in order to grow their businesses and earn revenues.

Micro Lease is based on group financing against individual financing.

Features of Micro Lease

  • Helps clients acquire productive assets.
  • Proper mitigation plans against loss damage and loss.
  • Affordable interest rates with no hidden charges.
  • Flexible repayment plans.
  • A duration of 52 weeks.

 

Operating Lease

As a corporate establishment, having your company-owned vehicle is a satisfying feeling. This lease is a corporate asset finance product that grants companies access to vehicles and equipment with a fixed monthly rental for an agreed period or area. The monthly payments mostly cover servicing and maintenance costs. The company itself sets specific budgets to work with on the monthly payments.

Features of Operating Lease

  • Provides proper financing for vehicle needs.
  • Frees up your working capital.
  • Flexible repayment plan.
  • No ownership risk.

 

Sales and Leaseback

With this product, customers are able to monetize their assets for the purpose of raising capital for their various needs. Assets such as vehicles can be sold back to Creditville and can be leased from the company for a specified period of time. This is all possible with Creditville Sales and Leaseback service.

Features of Sales and Leaseback

  • Gives the opportunity for customers to raise funds with assets while in use.
  • Proper mitigation plan against loss damage and loss.
  • Return of ownership after all obligations on the transaction are met.
  • The maximum period of 24 months.

 

Bureau De Change (BDC)

Fully known as Dawanau Bureau De Change Limited. This is a corporate body that deals with the business of buying and selling foreign currencies. They offer customers the best quality FX services. Some of those services include Travel Allowances, Purchase & Sales of Foreign Currencies, Exchange of Foreign Currencies, and Payment of International Tuition fees.

 

Personal and Business Travel Allowance (PTA & BTA)

There’s always a need to buy foreign currencies when you’re planning a trip abroad. BDC has provided individuals with an easy way to acquire foreign currencies as stress-free as possible.

This is the same for those planning their business trips abroad. Allowances are granted to make it easier for you to have a pleasant trip for whatever reason, whether personal or business.

Requirements for PTA

  • Applicants must be of age 18 and above.
  • To apply, you must be a Nigerian citizen.
  • A valid visa from the country of destination must be available.
  • A copy of the bio-data page of the applicant’s International Passport must be submitted.
  • Applicants will provide their Bank Verification Number (BVN).
  • A return air ticket.
  • Applicants’ flights must originate from Nigeria.
  • Applicants will be entitled to $4,000 per quarter.

Requirements for BTA

  • Requirements for PTA must be met.
  • Applicants must be nominated by a company in Nigeria.
  • Evidence of Business Registration in Nigeria (Certificate of Incorporation).
  • A letter of invitation from the company abroad must be provided.
  • The company is entitled to $5,000 per quarter.

 

Purchase and Sales of Foreign Currencies

This service is available to companies who are looking to purchase foreign currencies from BDC.

Requirements include:

  • Source of the fund.
  • Full name of the seller.
  • Valid ID card of the seller.
  • Confirmed phone number.
  • Contact Address.

 

Exchange of Foreign Currencies

This product provides customers with the best quality service for the exchange of foreign currencies.

Payment of International Tuition Fees

As an international student abroad, there is no easier way to settle your tuition fees than with BDC. This product is very convenient for students.

The requirements for this service are:

  • The application is aimed at applicants who are schooling abroad.
  • The payments will be made directly into the school account.
  • Students must use the bio-data page of their international passport as recognition.
  • Applicants shall provide their BVN.
  • A duly completed application form.
  • The admission letter from the university or college.
  • Invoice from the university or college.

Creditville Loan Calculator

If you are feeling lucky, take some minutes to calculate how much you will pay back before applying for any using the below Creditville loan calculator:

Two columns
Vertical
Horizontal
Loan Calculator
Summary
Name Total
"{{getWooProductName}}" has been added to your cart

Creditville Loan FAQs

Can I get instant loans from Cedarville?

You can immediately apply for a loan on the Creditville website. once you are sure that you meet the requirements of whatever loan you are applying for, you can fill out the application online and be directed on what to do next. 

What do the interest rates look like?

The interest rates of Creditville loans vary depending on the type of loan being applied for. Most interest rates are flexible and are made very low for loyal customers.

Can I get a Creditville loan if I’m not earning a salary?

Most loans offered at Creditville require you to be a salary earner working with a legit company or running your own legit business.

How long do I have to wait for my loan after I apply?

Upon approval of your application, your loan will be disbursed into you bank account within 4-48 hours

Is it better to buy or lease a vehicle?

Leasing a vehicle proves better than buying. Leasing it will enable you to free up working capital for your core business needs.

Can I get a lease on a vehicle or property that’s already been used?

Yes, you can. An already used vehicle or property can be leased to you if it is what you want.

Can I get more information on Creditville products?

To find out more about Creditville loans, leases and other products, visit their loans listing page 

Creditville has proven itself as a trustworthy and reliable loan service provider. With the generous flexibility of the loans and comfortable customer service made available for customers to have an easier and hassle-free time. Creditville loans and products are reliable in the credit lending space.

You can also find loans from other providers as alternatives to Creditville loans. 

Lois Samari
You are the first in our research hence, we rallies around doing rigorous checks, testing and analysis to help you make a good decision on products and services. Meanwhile, items providers' final views are superior to ours.
0 0 votes
What do you think?
Subscribe
Notify of

0 Feedback
Inline Feedbacks
View all comments