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Paramilitary Loans

Let us serve you so you can serve others.

Our Paramilitary loan offers competitive rates and flexible payment terms for the unique needs of service personnel.

How to get a Paramilitary Loan

Follow the steps below

Apply for a loan

Make a request for a loan

Doc Review & Underwriting

Fill out our KYC form to determine your eligibility.

Get Funded

After verification, your funds will be disbursed to your bank account.

FEATURES & BENEFITS

You are our call of duty.

Our paramilitary loans are up to N5 million or more

Up to 36 Months repayment plan with low interest rates

Quick paramilitary loans without collaterals.

Quick loans without guarantors.

No account opening

No long queues

Insurance on all collateral-free quick Loans

To be eligible you must…

Have a staff Identification card.

Live or work in Nigeria.

Be between 22 and 58 years old.

Possess a clean Credit Bureau Report.

Not have a history of returned cheques in your account.

Possess a verifiable monthly income.

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

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

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

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

Frequently asked questions

Got a question about our paramilitary loans ? See some answers below.

1. Work with the Federal Paramilitary
2. Provide a passport photograph.
3. Staff identification card.
4. Bank Verification Number (BVN).
5. 3 Months Stamped Recent Bank Statement.
6. 1 recent Payslip.
7. Completed Loan Agreement Form (LAF) with properly executed terms and conditions overleaf.

Requirements for returning customers is as follows:
1. Completed Loan Agreement Form (LAF) with properly executed terms and conditions overleaf.
2. 1 recent pay-slip / 1 months Bank Statement

Top-up requirements:
1. Duly Completed LAF.
2. 1 recent pay-slip / 1 months Bank Statement

18 years & 1 year in service.

59 years (Paramilitary) & 34 years Length in Service.

Minimum amount is N20,000 while maximum amount you can access is N5,000,000 (higher amounts would require 2 MCC approval).

Yes, you must be a paid government worker in the paramiliatry or educational sector.

Yes, we require a Credit Check for our Paramilitary Loans

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

4.35% Terms and conditions apply.

Yes, you can top-up your existing loan once you have made:

1. 2 months repayments on your existing 3 – 5 months loan,
2. 3 months repayment on your existing 6-8 months loan,
3. 4 months repayment on your existing 9 – 12 months loan and
4. 6 months repayment on any loan from 12 months and above.

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

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.

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

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

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

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.

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

Immediately

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

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

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.

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

There are no pre-liquidation charges

Please call the Contact Centre on 02014482225 or send us an email: contact@creditdirect.ng. 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).

Paramilitary loans are loans that are given to members of any of the armed forces in Nigeria. These loans are typically aimed at helping them meet their needs as they serve the nation.

Some of the benefits of paramilitary loans include lower interest rates, longer repayment terms, and higher loan amounts. These loans can also be used to consolidate debt or pay for unexpected expenses.

To qualify for a paramilitary loan, you must be a member of any of the armed forces in Nigeria. You will also need to have a good credit score and a steady income.

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We are the Fintech arm of the FCMB Group, offering lending and fund management to individuals and businesses.

Contact Us

Phone: 02014482225

Phone: 02017005120

Phone: 0700CREDITDIRECT

Address: 48/50 Isaac John Street, GRA, Ikeja, Lagos, Nigeria.

Whatsapp: 09070309430

Copyright © Credit Direct Finance Company Limited. Authorized and regulated by CBN.