Get Instant Loan for Salary Earners in Nigeria within 24hrs
Every bank considers your credit score before issuing out a loan. This is done basically to ascertain that you can pay back your loan. If you are a salary earner in Nigeria and you do not have an existing loan with other banks, your loan approval process should be very quick and fast.
As one who earns salary especially if you are in the government sector, your job security also gives the loan officer an assurance that you will be able to pay back your loan.
Salary earners in Nigeria can be grouped into three (3), based on where they work and who pays their salary.
They are:
- Federal government workers
- Lagos state civil servants
- Private sector workers
If you are a business owners and don’t earn a salary, you can check this out: 21 Easy Loan Apps in Nigeria to Access Quick Money
1. Loans for Federal Government Workers in Nigeria
Federal government workers in Nigeria have one of the most secured job in the country which makes it easy for them to qualify for a loan in any financial institution.
The federal government of Nigeria have an IPPIS System of paying salary which makes it further more easier to apply for a loan without collateral.
As of October 2019, the FG announced it will begin the full implementation of the Integrated Personnel and Payroll Information System (IPPIS).
As a lender and to ensure security and creditworthiness, we have partnered with the Federal government of Nigeria to disburse loans to everyone who has an IPPIS number.
How to get a Loan with IPPIS Number
If you have a verified IPPIS number and have begun to collect your salary through IPPIS, then you can proceed to apply for any loan
You will need the following to begin your loan application:
- IPPIS Number
- 6 Months Pay Slip
- 6 Months Bank Statement of Salary Account
- Employment / Confirmation / Deployment Letter
- Bank Verification Number
- Valid National ID card
- Work ID card
If all your documents and credentials are legitimate and correct, then there is no need to panic, you will get your loan approved within 24 hours.
2. Loans for Lagos State Civil Servants
The Lagos state government also have a payment system like the IPPIS system for their workers called ORACLE. With the Oracle number you can apply for a loan without collateral and get approved quickly.
How to get a Loan with ORACLE Number
If you work in the ministry where the Oracle number is verified and have begun to collect your salary through Oracle, then you can proceed to apply for any loan
You will need the following to begin your loan application:
- Oracle Number
- 6 Months Pay Slip
- 6 Months Bank Statement of Salary Account
- Employment / Confirmation / Deployment Letter
- Bank Verification Number
- Valid National ID card
- Work ID card
If all your documents and credentials are legitimate and correct, then there is no need to panic, you will get your loan approved within 24 hours.
3. Loans for Private Sector Workers
Getting approved for a loan as a Private sector worker needs some extra layer of security. Unlike the government jobs, private jobs are not as secure.
Things can be quite different if you have been in the company for a long time and you hold a big role.
How to get a Loan for salary earners in the Private Sector
Working in the private sector needs extra security for your loan. You may be required to provide 1 or 2 guarantor based on the amount of loan, you are applying for.
In some cases, there may be a need to interact with liase with your employer to discuss the repayment of your loan, before you loan can be approved,
To apply for any loan, you will need the following:
- 6 Months Bank Statement of Salary Account
- Employment Letter
- Bank Verification Number
- Valid National ID card
- Work ID card
- Guarantor
If all your documents and credentials are legitimate and correct, then there is no need to panic, you will get your loan approved within 24 hours.
