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

Requirements for Bridge Credit Loans

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  • Post last modified:20.03.2023

Bridge Credit loans are financial services available for anyone in need of quick funds for any reason.

Depending on your needs, the loans offered at Bridge Credit are targeted toward satisfying your needs. You can borrow up to N2 million naira depending on the type of loan you want to acquire.

The interest rates also vary depending on the type of loan and risk-based pricing is applied to determine the interest rates on the repayments.

There are various loan types that are targeted towards providing individuals and businesses with access to the funds necessary for what needs they have for the loans. These loans include Salary Advance, Salary Loan, Bridge Loan, Back to School Loan, and Bridge Acquire.

 

Bridge Credit Loans

Below are the available Bridge Credit loans with their requirements:


Bridge Salary Advance (SALAD) 

Limit

50% of salary

Interest

5-15%

Tenor

Next payday

Sometimes payday seems so far away especially when you have needs in the middle of the month. This Bridge Credit loan is one way to sort these needs out. Bridge Credit SALAD loan is an advance granted to salary earners trying to cover the expenses they’ve gathered before their salaries are paid. You can get an advance for whatever you need as the purpose of this loan is not regulated.

With this Bridge Credit loan service, you can get up to 50% of your monthly net pay as a loan when you apply. Repayments for this loan are deducted from your salaries when domiciled or can be made with post-dated cheques.

A period of 30 days is given. Or repayment can be made on the next payday from the date the loan is issued (whichever comes earlier).

 

Requirements for Bridge Credit SALAD Loan

  • Recent passport photographs.
  • Staff ID card and means of Identification.
  • Letters of employment.
  • 3-month salary bank statement.
  • Post-dated cheque.
  • A guarantor or employer undertaking for deducting repayment from salary to Bridge Credit.

 

Bridge Credit SALAD Loan Application Channels

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

  • Bridge Credit online portal


Bridge Salary Loan

Limit

50% of salary

Interest

5-15%

Tenor

2-10 months

Bridge Salary loans are loans available to salary earners looking to cover financial gaps. You can receive up to 50% of your monthly net pay.

This loan is accessible to workers of approved organizations with the loan being unregulated and the repayment made via post-dated cheques. A tenor of 2-10 months is given for the repayment.

 

Requirements for Bridge Credit Salary Loan

  • Recent passport photographs.
  • Staff ID card and means of Identification.
  • Letter of employment.
  • 3-month salary bank statement.
  • 3-month pay slip.
  • Post-dated cheque.
  • Post-dated cheque from a guarantor or employer’s undertaking for deducting repayment from salary to Bridge Credit

 

Bridge Credit Salary Loan Application Channels

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

  • Bridge Credit online portal


Bridge Loan

Limit

Interest

5-15%

Tenor

1-3 months

If you’ve been looking for a suitable for you as a non-salary earner, Bridge Loan is a great loan option for you. It is a loan available to non-salary earners who have a steady income flowing into their bank accounts periodically. It is convenient for satisfying your personal needs.

 

Requirements for Bridge Loan

  • Recent passport photographs.
  • Valid means of identification.
  • 6-month bank statement.
  • Post-dated cheques for repayment.
  • Post-dated cheque from a guarantor.

 

Bridge Credit Loan Application Channels

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

  • Bridge Credit online portal


Back To School Loan

Limit

5 times of salary

Interest

5-15%

Tenor

1-10 months

As a parent/guardian, you are responsible for ensuring your child/ward has an easy time in school by ensuring all their fees are paid and all materials are bought.

If you don’t have the finances for that, Bridge Credit back-to-school loan will help you ensure the smooth schooling of your child/ward. You can get up to 5 times your monthly net pay and a lower interest rate. The loan is paid directly to the school’s account. The disbursement is made on the same day as the approval of your application. The maximum tenor of this Bridge Credit loan is 1-10 months.

 

Requirements for Bridge Credit Back to School Loan

  • Recent passport photographs.
  • Staff ID card and means of Identification.
  • Letter of employment.
  • 3-month salary bank statement.
  • 3-month pay slip.
  • Post-dated cheque.
  • Post-dated cheque from a guarantor or employer’s undertaking for deducting repayment from salary to Bridge Credit.

 

Bridge Credit Loan Application Channels

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

  • Bridge Credit online portal


Bridge Acquire

Limit

5 times of salary

Interest

5-15%

Tenor

12 months

This loan is available to salary earners and Small and Medium Enterprises (SMEs) for the purpose of acquiring assets such as vehicles, equipment, properties, and household equipment. It could be for either your personal or business use.

This loan product aims at assisting businesses in acquiring assets for the growth and expansion of their business, and for individuals to acquire the vehicle or house of their dreams.

You can get up to 5 times your monthly net pay as the loan and a minimum contribution of 30% of the cost of assets is required. The assets are to be purchased under the name of both the borrower and Bridge Credit.

The interest is calculated on a reducing balance and the maximum tenor is 12 months. 

 

Requirements for Bridge Acquire Loan

  • Proforma invoice.
  • Recent passport photographs.
  • Staff ID card and means of Identification.
  • Letter of employment.
  • 6-month bank statement.
  • 6-month pay slip.
  • Recent utility bills.
  • Post-dated cheque.
  • Insurance of assets.

 

Bridge Credit Loan Application Channels

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

  • Bridge Credit online portal


Bridge Flexi Loan

Limit

5 times of salary

Interest

5-15%

Tenor

12 months

This Bridge Credit loan is specially tailored toward helping you as a salary earner acquire the assets you want with ease. It helps you make these purchases while you pay back the cost at a steady pace. The interest rate and loan tenor are reasonable with up to five times your monthly salary available for a loan.

The minimum and maximum loan limits are determined by the merchant of each asset.

The features of this loan are:

  • Only for salary earners.
  • Up to 5 times monthly net pay can be obtained as loan.
  • Loan tenor of up to 12 months.
  • Minimum invoice value as may be specified by Partner Merchant.
  • Minimum contribution of as may be specified by Partner Merchant.

 

Requirements for Bridge Flexi Loan

  • Recent passport photograph.
  • Staff ID Card & Valid means of Identification.
  • Letter of employment.
  • 3-month salary bank statement to date.
  • 3-month pay slips.
  • Post-Dated Cheques.
  • Proforma Invoice from Partner Merchant.

 

Bridge Credit Loan Application Channels

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

  • Bridge Credit online portal

Features of Bridge Credit Loan

Bridgecoop Savers Club:

BridgeCoop is a cooperative scheme created by Bridge Credit to generalize and encourage the idea of a savings culture to fund a specific project or target. With a group of interested clients, a community is formed with a common goal to help raise funds for a purpose. A minimum contribution of N5,000 is made per month with no maximum amount. Contributions can be made daily, weekly, or monthly.

  • Benefits of this service include:
  • To imbibe the culture of saving regularly.
  • Average balances attract huge interest.
  • You can pay lower interest if you want to borrow from Bridge Credit.

Requirements:

  1. Recent passport photograph.
  2. Valid Driver’s license/voter’s card/National ID Card.

Application: You can apply for this product service by completing the application form online on the Bridge Credit website or you can apply by visiting their office.

Bridge Credit 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 Bridge Credit loan calculator:

Bridge Credit Loan FAQs

How can I apply for a loan at Bridge Credit?

You can apply for a loan by visiting the website and filling out the application form via the loan portal.

What is the minimum and maximum amount I can borrow?

You can borrow a minimum of N50,000 and a maximum of N2 million depending on the loan type and your monthly net pay.

What happens if I default in repaying my loan?

You will be charged a penalty of 3% on the unpaid amount. And if more time is exceeded, more serious or legal actions will be taken.

Can I apply for another loan when I already have a loan running?

No, you cannot. To apply for another loan, you must ensure that you have paid off your current loan first. But you can apply for a top-up loan after making 3 repayments of your existing loan.

When can I withdraw my BridgeCoop contributions?

Your contributions can be withdrawn after the set date. You cannot withdraw before then.

How much interest will be paid on my interest?

The interest will be calculated and paid at the end of your set date.

How can I get more information on Bridge Credit loans?

To get more information, visit  Bridge Credit loans 

Bridge Credit loans make financing the things you need easier. With fast response rates and reasonable interests attached, the loans they offer are convenient and easy to receive and payback. 

To find other credit options, you can see 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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