PERSONAL LOANS

SCIL PERSONAL LOANS

  • SCIL Personal Loan is a steady credit and investment ltd Loan Product.
  • This product targets individuals; Men and women with an established source of income, either as an Employee, an Employer or in business.
  • It is designed for both the salary earners and business individuals whose annual income must not be less than 1million.
  • As an Employee, you must have worked with the firm for at least one year period and likewise been confirmed.
  • Individual businesses under 6 months of existence can leverage under this package for business facilities.
  • Repayments are on monthly basis.
  • Access up to N5,000,000.00 for less than 15% annual percentage rates.

PROCESSING TIME & CONDITIONS

  • SCIL Personal  Loan is tenured 1/3/6/9.

  • SCIL Personal  Loan must start and end within 7 working days.

  • The timelines are as calculated from the point where complete documents are submitted to SCIL.

  • A salary earner cannot access more than N1,500,000.00

  • Business owners can access any amount from 1,000,000.00 up to N5,000,000.00

Download

Application Form

REQUIREMENTS & DOCUMENTATIONS

EMPLOYEE’S

  • Executed (Applicant, Next of Kin & Guarantor) forms
  • Completed spousal consent form(if married)
  • 4 recent passport photograph of applicant
  • 1 recent passport photograph of Next of Kin and Guarantor
  • 1 of the under listed valid means of Identification (Applicant, Next of Kin & Guarantor);
  • Driver’s License
  • Voter’s Card
  • National ID Card or
  • International Passport
  • Utility bill (Shop/Office or Residence) for the applicant and Guarantor.
  • Applicant’s 6 Months Salary account Statements or Applicant’s Pay-slip for last 6 months.
  • Guarantor’s 3 months Bank Statement.(Senior colleague in the same office)
  • Original copy of applicant’s employment letter, confirmation letter or last Promotion letter.

BUSINESS OWNERS.

  • Executed (Applicant, Next of Kin & Guarantor) forms
  • Completed spousal consent form.
  • 4 recent passport photograph of applicant
  • 1 recent passport photograph of Next of Kin and Guarantor
  • 1 of the under listed valid means of Identification (Applicant, Next of Kin & Guarantor);
  • Driver’s License
  • Voter’s Card
  • National ID Card or
  • International Passport
  • Utility bill (Shop/Office or Residence) for the applicant and Guarantor.
  • Applicant’s 6 Months Bank Statements.
  • Guarantor’s 3 months Bank Statement
  • Certificate of registration of business name where required.