SCIL SMALL SCALE PERSONAL/CORPORATE LOANS

PROCESSING TIME & CONDITIONS

SCIL Small scale Personal/Corporate loan is a steady credit and investment limited Loan Product.

It is a product that attends to the needs of small scale business persons and low income Corporate organisations.

It accommodates both incorporated and registered businesses. (it is also available for unregistered businesses).

It  is only available to employees in companies with more than 5 members.

It is restricted to companies employees in Lagos State only.

 Access up to ₦1,000,000.00  for less than 20% on annual percentage rates.    

PROCESSING TIME & CONDITIONS

SCIL Corporate  Loan is tenured 1/3/6/9.

SCIL Corporate  Loan must start and end within 7 working days.

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

Download

Personal Application Form
Corprate 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.