Credit Direct Review
VerifiedCBN LicensedSalary-backed loans for Nigerian workers
₦50,000 - ₦10,000,000
Loan Amount
2.5-5%
Monthly Interest
30-720 days
Repayment Term
24-48 hours
Approval Time
Pros & Cons
Pros
- ✓Very low interest (2.5-5% monthly)
- ✓High loan amounts up to ₦10M
- ✓Long repayment up to 24 months
- ✓Established company (since 2006)
- ✓No collateral required
- ✓Salary deduction option available
Cons
- ✗Must be formally employed
- ✗Employer must be on approved list
- ✗Longer approval process
- ✗Requires extensive documentation
How to Apply for Credit Direct Loan
- 1
Download Credit Direct app or visit website
- 2
Complete online application form
- 3
Upload required documents
- 4
Wait for employer verification
- 5
Receive loan offer and terms
- 6
Accept and receive funds
User Reviews
Olumide J.Verified
Lagos
January 2025
Got ₦2 million at 3.5% for home renovation. As a bank employee, the process was smooth and rates are unbeatable.
Grace E.Verified
Port Harcourt
December 2024
Best option for salary earners. Took about 3 days to process but the low interest makes it worth the wait.
Yusuf A.Verified
Kaduna
November 2024
Reliable lender. They deduct directly from salary so you never miss a payment. Highly recommended for civil servants.
Frequently Asked Questions
Which employers qualify for Credit Direct?
Credit Direct works with banks, government agencies, oil companies, telecoms, and many private corporations. Check their approved employer list.
Can I get Credit Direct loan without salary account?
Credit Direct primarily serves employed individuals with regular salary. Self-employed or business owners may not qualify.
How does salary deduction work?
With your employer's approval, Credit Direct deducts loan repayments directly from your salary before you receive it.
Quick Info
- Founded
- 2006
- Headquarters
- Lagos, Nigeria
- CBN Licensed
- Yes
- Disbursement
- Same day after approval
- Last Updated
- 2025-01-19
Requirements
- •Employed by approved organization
- •Minimum 6 months employment
- •Valid BVN
- •Bank statement (3-6 months)
- •Employment/confirmation letter
- •Valid government ID