Steps on How to Access FG’s Consumer Credit Scheme (2024)

In an attempt to improve social mobility among Nigerians, the Nigerian Consumer Credit Corporation (CREDICORP) launched a website to entice citizens to apply for loans for significant purchases after the first phase of the Consumer Credit Scheme was approved.

President Bola Tinubu approved the takeoff of the first phase of the Consumer Credit Scheme, aimed at providing access to social mobility for every hardworking Nigerian through consumer credit.

This article aims to teach you how to apply for the federal government consumer credit scheme this 2024.

HOW TO APPLY FOR CREDICORP’S CONSUMER CREDIT SCHEME IN NIGERIA

Here’s how civil servants and other economically engaged Nigerians can apply to take advantage of this opportunity, step-by-step:

STEP 1: UNDERSTAND THE BENEFITS

Before applying, it’s essential to understand the advantages of CREDICORP’s Consumer Credit Scheme.

The program aims to:

• Enhance Nigeria’s credit reporting systems, ensuring every economically active citizen has a reliable credit score.
• Provide credit guarantees and wholesale lending to financial institutions.
• Promote responsible consumer credit to improve quality of life and foster financial responsibility.

STEP 2: CHECK ELIGIBILITY

The programme is initially only available to civil servants.

To continue with the application, make sure you are working in a civil service position.

STEP 3: GATHER REQUIRED DOCUMENTS

You will likely need the following documents to apply:

• Proof of employment in the civil service.
• Identification documents such as a national ID or passport.
• Proof of income or salary slips.

STEP 4: VISIT THE OFFICIAL WEBSITE

Access the CREDICORP application portal by visiting https://www.credicorp.ng/.

Your main source for application forms and other information will be this website.

STEP 5: COMPLETE THE APPLICATION FORM

To prevent any delays in the processing of your application, complete the online application form completely and accurately.

Verify each entry one more before submitting.

STEP 6: SUBMIT YOUR APPLICATION

Use the website to submit your application after completing the form.

It’s possible that you’ll get a confirmation email or notice on the site after submitting.

STEP 7: AWAIT RESPONSE

After submitting, wait for CREDICORP’s response.

Several days or weeks may pass, depending on the number of applicants.

Watch the portal and your email for any updates.

STEP 8: FOLLOW UP

In the event that you have not received a response within the anticipated period, you should follow up using the contact information listed on the CREDICORP website.

Remember to carefully follow these steps to ensure a smooth application process.