Designed to meet the immediate financial needs of income earners.
Loan Application
how we help
Get Quick Cash to Meet Immidiate needs
Who can get a loan?
To get a loan you must:
Be at least 18 years old
Be a Nigerian resident, with proof of address
Provide proof of your income
Pass a lender’s credit check
Targeted at clients in need of home improvement, this helps in purchasing some home items and appliances.
Fill The Form to Apply
Salary Advance Loans
A salary advance loan, also known as a payday advance or payroll advance, is a short-term loan designed to provide employees with quick access to funds ahead of their scheduled payday. This type of loan helps individuals manage immediate financial needs or emergencies without waiting for their next paycheck.
Who It Is Meant For:
Employees: Individuals who are currently employed and have a regular source of income.
Those Facing Urgent Financial Needs: Employees who need to cover unexpected expenses such as medical bills, car repairs, or other emergencies before their next payday.
Workers with Short-term Cash Flow Issues: Employees who need temporary financial assistance to bridge the gap between paychecks.
How to Apply:
Fill and Submit Application: Fill out the application form, which typically requires personal information, employment details, and income verification.
Provide Documentation: Submit necessary documentation such as proof of employment, recent pay stubs etc.
Review Terms and Conditions: Carefully read the loan agreement to understand the interest rates, fees, repayment terms, and any potential penalties for late repayment.
Receive Funds: Once approved, the loan amount is usually deposited directly into your bank account.
Repay the Loan: Repayment is often automatically deducted from your next paycheck, making it crucial to ensure sufficient funds are available to avoid overdraft fees.
Key Considerations:
Short Repayment Period: These loans typically need to be repaid within a few weeks, often by your next payday.
Potential Debt Cycle: Borrowers should be cautious of falling into a cycle of debt, where they need to take out additional loans to cover previous ones.
Credit Impact: Timely repayment can positively affect credit scores, while late payments can have negative consequences.