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Requirements for Credit Direct Loans

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  • Post last modified:04.03.2023

Credit Direct loans offer lending options that enable customers to finance the things that matter to them.

Cash constraints and financial needs can be overwhelming to just about any individual or business. Credit Direct has made loans available to bridge the gap between needs and funds.

These loans help to buffer financially strenuous situations and give you the comfort of paying back at a steady pace. To make sure you pick out the right loan for what you need, this article will guide you through the available Credit Direct loans.


Credit Direct Loans

Below are the available Credit Direct loans with their requirements:

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Payday (Sharp Sharp) Loans


₦100,000 – ₦2 .5 million




12-24 months

This Payday or Sharp Sharp loan is the best fit for salary earners with federal or state government agencies. With this loan, you can get between ₦100,000 – ₦2 .5 million to pay back within 12 – 24 months.

This type of Credit Direct loan is unsecured meaning it requires no collateral to access it. Once the application is turned in and all requirements are met, the funds are disbursed into your account within hours of approval. 

Over the tenor of the loan, you get to pay the principal and interest at the same time. If you chose to make bulk payments or to liquidate the loan before the tenor is up, you can do that with no penalty attached. 

Disbursal is made in two ways; either into your bank account or into your CDL cash card.  


Requirements for Credit Direct Payday Loan

  • Completed loan form and passport 
  • Letter of employment/Confirmation letter 
  • Proof of residence, proof of earnings, guarantor submissions
  • Valid ID
  • Work ID and Bank statements 


Credit Direct Payday Loan Application Channels

You can apply for this Credit Direct loan through the following:

  • Apply online via
  • Any Credit Direct office 
  • Call 0700creditdirect

Cash To Go Loans


₦4.5 million




12 months

The Credit Line Cash To Go loan gives you more funds to make your dreams come true. It is a loan targeted at salary earners who may need quick cash before the next payday or who need extra cash for projects, businesses, or bills. 

Up to N4.5 million is made available with a 12-month tenor to repay. The application process is a breeze with no collateral, guarantor, or long processing hours required. 

These collateral-free loans come with insurance and are processed in a short amount of time. 


Requirements for Credit Direct Cash To Go Loan

  • One passport picture 
  • Staff ID
  • Employment letter + last salary review 
  • Valid ID
  • Three months’ bank statement 
  • Postdated checks covering the loan tenor 
  • Bank Verification Number 
  • Signed and updated direct debit mandate 


Credit Direct Cash To Go Loan Application Channels

You can apply for this Credit Direct loan through the following:

  • Apply online via
  • Any Credit Direct office 
  • Call 0700creditdirect

Asset Carry Go Loan


₦100,000 – ₦2.5 million




12 months

This loan provides financial assistance for anyone who wishes to purchase assets for a home or business. Whether it is an upgrade or an opening of a house/office that needs new assets to complete the space, you can get what you need with this loan. 

You can choose between getting the assets directly from Credit Direct/partners or the equivalent of the asset value in cash. the assets available with this loan are income-generating assets (eg grinding machines, baking equipment, ice block machines), white goods, and household equipment. 

You can get up to a year to pay back whatever amount you are approved and a 24-hour pick-up if you opt to purchase the assets from Credit Direct’s partners. This option also comes with perks such as after-sales services 

Requirements for Credit Direct Assets Carry Go Loan

  • One passport picture 
  • Completed loan application
  • Letter of introduction 
  • Appointment letter
  • Confirmation letter 
  • Valid ID
  • Staff ID
  • Three months payslip 
  • Three months’ bank statement 
  • CDL introduction letter 


Credit Direct Assets Carry Go Loan Application Channels

You can apply for this Credit Direct loan through the following:

  • Apply online via
  • Any Credit Direct office 
  • Call 0700creditdirect

Empower the Corp Loan


₦100,000 – ₦2.5 million




10-12 months

Corp members are not left out of this financial credit system. Any current serving corp member can apply for a loan from Credit Direct and have the tenor last for the entire service year. 

This loan is aimed at creating a financial buffer for future entrepreneurs and funding their dreams, business, and skill acquisition programs. This type of loan does not require any collateral and has a speedy approval and disbursal rate of 24 hours. 

Most of the validation process is done in partnership with the NYSC and the repayment is done equally over the tenor with no extra fees or charges. 


Requirements for Credit Direct Empower the Corp Loan

  • Photo of NYSC ID
  • Attestation letter from SAED
  • Photo of corp member’s face 
  • Photo of corp member in full NYSC regalia 
  • Photo of valid ATM card of corp member’s NYSC account 
  • Completed and signed letter of undertaking by corp member 


Credit Direct Assets Carry Go Loan Application Channels

You can apply for this Credit Direct loan through the following:

  • Apply online via

Features of Credit Direct Loan

Insurance covers: Credit Direct Loan features automatic insurance covers for every loan taken. These insurance covers are made possible through the partnership of CDL and two insurance companies; MIcroEnsure, a UK-based insurance company, and Cornerstone Insurance. 

The insurance covers available are:

  • Permanent disability of the borrower 
  • Hospitalization of borrower 
  • Death of borrower 
  • Death of the loved one of the borrower 

Every CDL loan comes with these covers at 1% of the total amount disbursed to the borrower. In the case of any of the above-mentioned reasons, the insurance claim is made out to the borrower or a next of kin as it applies. 

Once a claim is made, the amount paid is determined by the nature of the incident. 50% of your monthly loan installment is paid for an incident that requires hospitalization of the borrower between 3-10 nights.  Any stay longer than this will receive a 100% cash payment of the equivalent of one month’s loan installment. 

Eligibility for Insurance Cover:

The eligibility requirements for a Credit Direct Loan insurance cover are:

  • You must be between 18-65 years of age 
  • You must have received any of the available loan products from Credit Direct
  • You must be a legal resident in Nigeria at the time of the loan application
  • You must have a verifiable source of monthly income
  • You must have a good credit report
  • No history of returned cheques
  • Three months’ bank statement showing salary payments
  • Recent passport photograph
  • Staff ID card
  • Letter of employment/confirmation


Other requirements are specified for each loan type. You can revisit this article to find out.


How to Apply for an Insurance Cover:

In any case, where you need to apply for insurance coverage, the steps to take are as follows:

  • Reach out to your salesperson from CDL 
  • Gather the required documents or 
  • You or a family member can walk into any Credit Direct branch office


Credit Direct 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 Credit Direct loan calculator:

Credit Direct Loan FAQs

How do I know if I am eligible for a loan?

Credit Direct has a list of requirements for eligibility for its loans. The requirements are:

  • Be between 22 and 58 years
  • Have an active current or savings account with a commercial bank
  • Must live and or work in Lagos 

How do I know if my loan has been approved?

Credit Direct contacts successful applicants via email, call, or text message to notify them of the disbursed funds. If you do not receive a response within 24 hours, you can send an email to [email protected]

Can I have more than one loan?

There are no current opportunities for applying for more than one loan at a time. The only option currently available is topping up an existing loan.

Can I make payment on my loan before the due date?

Yes, you can. Pre-liquidation is allowed on all loans. After the payment, the balance of the loan is restructured to fit the tenor.

What are the maximum and minimum loan amounts available?

The loan limits for each type vary, but most CDL loans are between N100,000 and N2.5 million.

How do I apply for a loan?

The most common ways to apply for a Credit Direct loan are:

  • Via its website –
  • Via the Lagos branch office
  • Via call – 0700creditcirect
Can I request a loan immediately after I pay off one?

Yes, you can. As soon as you have finished paying for any existing loan, you can apply for another.

How long do I have to repay a loan?

The loan tenor or duration for repayment is a maximum of 12 months for Credit Direct loans. Some loan types have the option of 3, 6, or 9 months as well. 

Credit Direct Limited is a financial service provider that deals in unsecured microloans. This company provides the necessary funding required for personal and business needs. Credit Direct is known for quick response and disbursal of loans. It has serviced hundreds of thousands of Nigerians with the funds they need for their dreams and projects. 

This article is a guide to all the available Credit Direct loans today. If you wish to get more options on loans and funding, then check out loans from other providers.

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.
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1 year ago

The interest is too high, why please?

Happiness Crew
1 year ago
Reply to  Tabitha

Most CD’s loans are personal and these kinds of loans are of high interest. But when paid back within a short time, you can save some money on interest.