PUBLIC SECTOR LOANS

Fast and flexible loans for Federal employees

We offer competitive loans with convenient repayment, ensuring Federal Government employees get the funds they need quickly and stress-free.

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About How to Apply Benefits Eligibility FAQs

FEATURES AND BENEFITS

For convenience and peace of mind.

No collateral or guarantor required.

Up to 36 months repayments.

Borrow from ₦20,000 and ₦2,500,000

Quick top-ups for eligible customers

eligibility criteria

What you need to get a Sharp Sharp loan?

Have a staff Identification card

Be between 22 and 58 years old.

Not have a history of returned cheques in your account.

Run an account (Current or Savings) with a commercial Bank in Nigeria.

Live and or work in Nigeria

Possess a valid Proof of Identification (current ECOWAS Passport, National Identification, Driver’s License or Voters ID)

Possess a clean Credit Bureau Report.

Possess a verifiable monthly income and pension statement.

Present one recent passport photograph (within the last 6 months)

Have a salary bank statement for the last 3 months (must be stamped by the bank).

KNOW MORE ABOUT PERSONAL LOANS

Frequently Asked Questions

What are the requirements to access a Federal Loan?

1. Work with the Federal government
2. Provide a passport photograph
3. Staff identification card
4. Bank Verification Number (BVN)
5. 1 month most recent payslip and Bank Statement
6. SMS OFFER /PHYSICAL LAF for all employers excluding EFCC – Completed PHYSICAL LAF only

‍Requirements for returning customers is as follow:
‍1. SMS OFFER /PHYSICAL LAF for all business excluding EFCC – PHYSICAL LAF only.
2. 2 Credit Reports for loans above N350,000
3. 1 most recent Payslip and Bank statement

What is the minimum age and length of service requirement for a Federal Loan?

18 years & 6 months in service.

Maximum age and length of service requirement for Federal Business

59 years & 34 years length in service.

What is the minimum and maximum amount I can borrow?

Minimum amount is N20,000 while maximum amount you can access is N2,500,000 (higher amounts would require 2 MCC approval)

Do I have to be in paid employment to get your loans?

Yes, you must be a paid Federal government employee/worker

Does Credit Direct require a credit check?

Yes, we require a Credit Check for our Federal Loans

Do I need to come to the branch to apply for a loan?

No, you can apply for a loan via:

1. Website – www.creditdirect.ng
2. Visit to our office – 48/50, Isaac John Street, Ikeja GRA
3. Dial USSD code- *5120#
4. Telephone 0700CREDITDIRECT, 02014482225
5. WhatsApp – 09070309430

What is the interest rate on your loan?

It varies from about 4% to 4.95%. Terms and conditions apply

Can I have a top up on my existing loan?

Yes, you can top-up your existing loan once you have made 2 months repayments on your existing 3 – 5 months loan, 3 months repayment on your existing 6-8 months loan, 4 months repayment on your existing 9 – 12 months loan and 6 months repayment on any loan from 12 months and above.

How can I reapply after I have liquidated my loan?

You can contact any of our Direct Sales Executives or Walk into any of our branches.

I lost my job/ I travelled out of the country. Can I change my repayment date?

No, you would be unable to change your repayment due date. You can send the Termination Letter to Contact@creditdirect.ng for further investigation and review on a possible Loan Restructuring or Payment Holiday/Deferment Pan.

How do I get confirmation that my loan has been approved?

You will get an SMS or Email confirming that the funds have been disbursed into your salary account. If funds are not credited to your account within 24hrs, please send an email to Contact@creditdirect.ng

Can I liquidate my loan before it matures?

Yes you can and the interest for the unused months would be waived off.

Is your interest a flat rate or on a reducing balance?

Our interest rate is computed on a flat rate basis and charged monthly

Are there any fees or hidden charges on your loan?

There are no hidden charges, however, we only charge an upfront service fee which is a one-off payment before the loan is disbursed to your account.

What is Sharp Sharp Loans?

Quick emergency Loans without collaterals for salaried workers who work with the Federal and State government.

How do i apply for sharp sharp loan?

Online – www.creditdirect.ng or using our USSD code *5120# or Visit our Head office – 48/50 Isaac John Street, Ikeja GRA Lagos or By Telephone – 02014482225 or on WhatsApp – 09070309430 or any of our Sales Agent.

What are the benefits of sharp sharp loans?

The benefits of sharp loans include the ability to obtain funding quickly and easily, as well as the flexibility to use the funds for any purpose while enjoying a decent repayment period.

How long is the loan tenor for?

Loan Tenors range from 3 to 36 months.

What is the account number I can transfer to?

Bank: FCMB
Account Name: CREDIT DIRECT LIMITED
Account No:0238850014

How long do I have to wait after repaying a loan in full before I can reapply for a new one?

Immediately

Can I have multiple loans?

Yes, you can have multiple loans with Credit Direct, but you can’t have multiple sharp sharp loans with us.

If I want to change the amount I applied for, can I do this?

Yes, but it has to be done immediately after your loan application or before disbursement is done.

What do I do if I have made cash payment, but my account is still debited for the same repayment?

Not to worry, a refund will be processed to your account in less than 24hours. You can also call 02014482225 or send an email to contact@creditdirect.ng

How do I get my settlement balance if I decide to pre-liquidate my loan?

Please send an email to contact@creditdirect.ng or call 02014482225 or chat us on WhatsApp on 09070309430.

Are there charges for pre-liquidation

There are no pre-liquidation charges

Who can I contact if I have a complaint or enquiry? Customer Advocacy Team/ Responsible Sales Officer.

1. Please call the Contact Centre on 02014482225 or send us an email: contact@creditdirect.ng.
2. You can also chat with us via our website: www.creditdirect.ng or via WhatsApp: 09070309430. Our business hours are from 8am to 5pm (Mondays through Fridays), however our online channels like WhatsApp, work 24/7.