Credit Direct – online loan Nigeria
Credit Direct consumer loans up to ₦5,000,000 for employees and SMEs.
Applying does not commit you to a loan agreement.
Screenshot of https://www.creditdirect.ng
Credit Direct – Salary and Consumer Loans Nigeria
Credit Direct Limited is one of Nigeria's leading consumer finance companies, specialising in salary-backed personal loans for employees in both the public and private sectors. A subsidiary of FCMB Group Plc, Credit Direct has been operating for over a decade and has disbursed billions of naira in personal loans to Nigerian workers. The company is headquartered in Lagos and serves customers nationally through its network of offices and online application channels.
Credit Direct offers salary advance and personal loans from ₦100,000 to ₦5,000,000 with repayment terms of up to 24 months. Loan disbursement is typically done within 24 hours once all required documentation is submitted and verified. The primary requirement is salary domiciliation at Credit Direct's partner accounts or proof of income from an approved employer. Required documents include a valid ID, payslips, a bank statement, and an employer confirmation letter.
Credit Direct is regulated by the Central Bank of Nigeria (CBN) and operates as part of the FCMB Group, providing additional credibility and stability. The company reports loan performance to Nigerian credit bureaus, which means responsible repayment helps build your credit score. Credit Direct is particularly strong for civil servants and employees of large private companies where they have established payroll partnerships.
✓ Pros
- FCMB Group subsidiary (reputable)
- Loans up to ₦5,000,000
- Rapid 24-hour disbursement
- Serves both public and private sector employees
- CBN regulated
✗ Cons
- Salary domiciliation required
- Limited to employed individuals
- Interest can be high for longer tenures
Loan example
Representative example: A personal loan of ₦500,000 over 12 months. Contact Credit Direct for current interest rate and total cost of borrowing.
Loan requirements
- ✓ Salary domiciliation mandate or proof of income
- ✓ Valid government-issued ID
- ✓ 3 recent payslips
- ✓ 3-6 month bank statement
- ✓ Employer confirmation letter
- ✓ BVN
Loan features
- Salary-backed personal loans
- Loans from ₦100,000 to ₦5,000,000
- Terms up to 24 months
- Disbursement within 24 hours
- Online and office application
- FCMB Group subsidiary
Frequently asked questions
24 hours after submitting your application.
The minimum amount at Credit Direct is ₦10,000.