FG Consumer Credit Scheme Credicorp Loan Application Portal

Spread the love

FG Consumer Credit Scheme Credicorp Loan Application Portal– Welcome to the CREDICORP loan portal to register and submit an application for the FG Consumer Credit Scheme Credicorp Loan. The application process is pretty straightforward. We will guide you through the whole process as long you stay on this page.

Nigeria Consumer Credit Corporation (CrediCorp)

The full meaning of CrediCorp is Consumer Credit Corporation and it is a company owned by the Federal Government of Nigeria. CrediCorp has one mission: to accelerate consumer credit access to 50% of working Nigerians by 2030. CrediCorp achieves this mission by: A) tixing the structural barriers to accessing consumer credit in Nigeria. B) catalysing the market with capital, guarantees, and policy.

Consumer Credit

It is a system that allows people to borrow money to pay for goods and services. It essentially extends your purchasing power by letting you buy things today and pay for them over time. There are two main types of consumer credit: installment loans and revolving credit. Installment loans, like car loans, are for a fixed amount that you repay in regular installments over a set period. Revolving credit, like credit cards, allows you to borrow money up to a credit limit and repay it over time, with the minimum payment due.

CrediCorp including its consumer credit guarantee fund, works closely with the Central Bank of Nigeria, the financial sector, identity management, credit registries, fintechs, consumer protection, and policy makers on this mission.

Requirements to Participate in the Scheme

In other to be considered to apply for Consumer Credit Scheme, applicants must possess the necessary documents:

National Identification Number (NIN)
Bank Details:
- Bank Name
- Account Number
Employment Information:
- Job Title
- Years in Current Employment
- Monthly Income
Proof of Side Hustle (if applicable)