FG Consumer Credit Scheme Credicorp Loan Application Form Portal

FG Consumer Credit Scheme Credicorp Loan Application Form Portal

This is to inform the general public that President Bola Tinubu recently launched a scheme called Consumer Credit Scheme CrediCorp and the application portal is opened for suitable qualified Nigerians to apply in other to gain access to the consumer credit scheme.

This plan, led by the Nigerian Consumer Credit Corporation (CREDICORP), is set to change how easy it is to get credit. It will make life better for people who work and earn money in Nigeria.

About Consumer Credit Corporation (CrediCorp)

The full meaning of CrediCorp is Consumer Credit Corporation and it is a company owned by the Federal Government of Nigeria. CrediCorp has one mission: to accelerate consumer credit access to 50% of working Nigerians by 2030. CrediCorp achieves this mission by: A) tixing the structural barriers to accessing consumer credit in Nigeria. B) catalysing the market with capital, guarantees, and policy.

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Consumer credit is a system that allows people to borrow money to pay for goods and services. It essentially extends your purchasing power by letting you buy things today and pay for them over time. There are two main types of consumer credit: installment loans and revolving credit. Installment loans, like car loans, are for a fixed amount that you repay in regular installments over a set period. Revolving credit, like credit cards, allows you to borrow money up to a credit limit and repay it over time, with the minimum payment due.

Requirements for Participate in the Scheme

In other to be considered to apply for Consumer Credit Scheme, applicants must possess the necessary documents:

  1. National Identification Number (NIN)
  2. Bank Details:
    • Bank Name
    • Account Number
  3. Employment Information:
    • Job Title
    • Years in Current Employment
    • Monthly Income
  4. Proof of Side Hustle (if applicable)

How to Apply

President Bola Tinubu supports the Consumer Credit Scheme, which is a big step for Nigerian civil servants.

To apply, interested applicants should apply via https://credicorp-register.ng/apply

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