Nigerian Consumer Credit Corporation Scheme – President Bola Tinubu has approved the launch of the first phase of the Consumer Credit Scheme in Nigeria, a programme designed to offer credit facilities to working citizens in the country.
Nigerian Consumer Credit Corporation Scheme serves as the lifeblood of modern economies, enabling citizens to enhance their quality of life by accessing goods and services upfront, paying responsibly over time.
Title: Nigerian Consumer Credit Corporation Scheme
Location: Nigeria
Description
The Nigerian Consumer Credit Corporation (CREDICORP) achieves its mandate through the following:
- Strengthening Nigeria’s credit reporting systems, ensuring every economically active citizen has a dependable credit score. This score becomes personal equity they build, facilitating access to consumer credit.
- Offering credit guarantees and wholesale lending to financial institutions dedicated to broadening consumer credit access today.
- Promoting responsible consumer credit as a pathway to an improved quality of life, fostering a cultural shift towards growth and financial responsibility.
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Benefits of the Consumer Credit Scheme
The Scheme facilitates crucial purchases, such as
- Homes
- Vehicles
- Education
- Healthcare
- Business Loan
How to Apply for the Nigerian Consumer Credit Corporation
Interested candidates should Click Here To Apply
Application Process:
The registration process consists of 5 stages, during which you will need to provide data such as your:
-
- Personal Information
- Credit needs
- Primary Employment
- Secondary Employment
- Face Capture
Applicants should go to the website www.credicorp.ng to begin their application.
- First Stage: You will be required to input personal information such as name, email, date of birth, gender, and phone number
- Second Stage: Candidates should select
- Needs” such as; house, phones, cars, business loans, medical bills, etc
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- And fill in their
- Credit requirement (you must fill in 3 credit)
- Amount they can borrow and comfortably repay over 6 months
- Any previous borrowing experience from banks, microfinance institutions, fintech companies, or loan apps
- And NIN (which can be obtained by dialing *346#).
- Third Stage: You will need to fill in your:
- Job title:
- Years in current employment:
- Monthly income from MAIN employment:
- Bank where income is received:
- Bank account number:
- Fourth Stage is optional and should only be completed by individuals who have a side hustle.
- Fifth Stage involves face capturing, so please ensure that you allow the system access to your camera.
Required Documents
- NIN Number
- Bank Name
- Account Number
- Job Information