What Creditville has to offer
What makes Creditville a great option for obtaining loans? Creditville is a payday loan lender that gives loans to borrowers with a salary account. These loans are usually given to eligible employees through their employer.
The Creditville interest rate is friendly at 5% with no additional fees. It is great for people looking to obtain unsecured personal loans or loans that do not require solid credit records. The amount you can receive varies between ₦100000 and ₦4,000,000 and you can repay within 18 months. The processing time typically takes up to 24 hours, but if there are issues with your application, such as missing fields, it could take up to 48 hours.
Creditville is licensed under the Lagos State Money Lenders Law. They have some allowances like providing unsecured loans, but they have some strict criteria you need to meet to qualify for a loan. Here are some requirements you need to consider:
- You have to be between 25 and 60 years
- You must have a salary bank account
- You must live in Nigeria
- You must not have a history of returned cheque in your account
- You must have a passport photograph
- You must have an employment letter
Creditville loan review conclusion
There are many reviews on the Creditville loan platform. Most of them are positive reviews. They have been operating since 2013 and have since grown to win the ‘Most Trusted Customer Finance Company – Africa’s Finance Award 2020' and Africa's Best World-Class Quality Leading Service Company of the year 2021.
The reviews say the approval process is quick and the loan is paid into your account within hours. Creditville loans are payday loans with a repayment period of 18 months which is 16 months longer than most payday loan lenders. Because the pay-out happens within hours or two days if incorrect info is submitted, it can be used as an emergency loan.