• About Us
  • Advertise with Us
  • Contact Us
Sunday, January 29, 2023
GoldenNewsNG
No Result
View All Result
  • Home
  • News
    Breaking : Court Sacks Popular Nigerian Senator, Declares Seat Vacant

    Breaking : Court Sacks Popular Nigerian Senator, Declares Seat Vacant

    Gov Adeleke Writes Letter To INEC, Tables Fresh Request

    Gov Adeleke Writes Letter To INEC, Tables Fresh Request

    Top 10 Nigerian Newspaper Headlines For Today, Friday, 27th January, 2023

    Top 10 Nigerian Newspaper Headlines For Today, Friday, 27th January, 2023

    Atiku Plans To Assassinate Wike - Achimugu Reveals

    Atiku Plans To Assassinate Wike – Achimugu Reveals

    Top 10 Nigerian Newspaper Headlines For Today, Friday, 27th January, 2023

    Top 10 Nigerian Newspaper Headlines For Today, Thursday 26/1/23

    International Day of Education: Niger assures of quality Education

    Trending Tags

    • Commentary
    • featured
    • Event
    • Editorial
  • Npower
  • Jobs
  • NYSC Info
  • Education
  • Business
  • Entertainment
  • Sports
  • Technology
  • Home
  • News
    Breaking : Court Sacks Popular Nigerian Senator, Declares Seat Vacant

    Breaking : Court Sacks Popular Nigerian Senator, Declares Seat Vacant

    Gov Adeleke Writes Letter To INEC, Tables Fresh Request

    Gov Adeleke Writes Letter To INEC, Tables Fresh Request

    Top 10 Nigerian Newspaper Headlines For Today, Friday, 27th January, 2023

    Top 10 Nigerian Newspaper Headlines For Today, Friday, 27th January, 2023

    Atiku Plans To Assassinate Wike - Achimugu Reveals

    Atiku Plans To Assassinate Wike – Achimugu Reveals

    Top 10 Nigerian Newspaper Headlines For Today, Friday, 27th January, 2023

    Top 10 Nigerian Newspaper Headlines For Today, Thursday 26/1/23

    International Day of Education: Niger assures of quality Education

    Trending Tags

    • Commentary
    • featured
    • Event
    • Editorial
  • Npower
  • Jobs
  • NYSC Info
  • Education
  • Business
  • Entertainment
  • Sports
  • Technology
No Result
View All Result
Golden News
No Result
View All Result
  • Home
  • News
  • Npower
  • Jobs
  • NYSC Info
  • Education
  • Business
  • Entertainment
  • Sports
  • Technology
Home LOAN & INVESTMENT

How To Easily Get Loans As a Government Worker in Nigeria

Enudi Golden by Enudi Golden
November 12, 2022
in LOAN & INVESTMENT, Featured, Headline
Reading Time: 4 mins read
How To Easily Get Loans As a Government Worker in Nigeria
6
SHARES
FacebookShareTwitterShareWhatsappShareTelegramShare

How To Easily Get Loans As a Government Worker in Nigeria can be accessed below.

Are you a Federal Government worker in Nigeria in need of a loan to start up a business or to boost an already existing business?, then you are at the right place as we will be walking you through how to easily get a loan as a federal government worker in Nigeria.

Working in a Federal Government office doesn’t mean someone is rich enough and won’t need a loan. As we all know, human needs are unlimited.

READ ALSO

Breaking: Nigerian Footballer Slumps, Dies During FA Cup Match [Photo]

Breaking : Court Sacks Popular Nigerian Senator, Declares Seat Vacant

Therefore, even when you receive a monthly income as a federal worker, it might just not be sufficient to achieve the plans you want to achieve. This is where the loan idea comes in. It’s a chance for you to get sufficient capital, as at the time you need it with a relaxed or assured income to pay back subsequently.

 

How Do I Get a Loan For Federal Workers in Nigeria?

Several private and public institutions offer loan services to federal workers. You can make inquiries about them on or through physical and technological means.  However, you can find suitable loan options from banks, online lenders, government institutions, and so on.

Maximum or Minimum Amount you can Borrow

The loan amount you are eligible to borrow depends on certain factors. This includes the type of loan you are applying for, either personal, auto or mortgage; the loan tenor-  whether long or short term among others.

From a general overview, however, loans for Federal government staff in Nigeria are usually between  ₦50,000  and N6,000,000.

 

Interest Rates

Although the interest rates vary, depending on certain factors. Interest rates for federal workers are always convenient and affordable.

Minimum Requirements for Taking up a Loan as a Federal Worker

These requirements are determined by the terms of your loan agreements. However, the following are some basic requirements that might apply to most lenders:

  • Personal details- full name, residential address, email address, phone number, etc
  • You must have a bank account, either Current or Savings, with a commercial bank in Nigeria.
  • Your Staff Identification card is also an important requirement as well as your Pension statement
  • You must be a salary earner under the federal government with a verifiable monthly income.
  • Lenders might require that, to qualify for a loan, you should be between the age of 22 and 58 years old.
  • enders may require your general employment information and documentation. This may include your Letter of Employment, Confirmation, Promotion, Redeployment, or Salary Increase.
  • Some may also require an Introduction Letter from your Employer’s HR.

Where can I get loans as a federal government worker?

As a federal worker, you can get loans from different financial institutions in Nigeria. Some of them include:

  • FCMB – Fast Cash
  • Startscredit- Creditville
  • ArvoFinance Web -This is powered by Arvo finance to cater for the needs of Federal government workers in Nigeria.
  • Nextpayday loan – They offer loans to validly employed workers in Nigeria
  • Fast Credit Nigeria Limited
  • Petty Cash
  • Provest Limited – Public Sector loan
  • Primera MFB -Easy Money federal
  • GTI Microfinance Bank
  • IPPIS Loan

How Fast are Funds Released?

The system for the disbursement of funds equally differs from lender to lender. Although, more often than not, once your loan application is approved, the money is sent to your registered account.

 

Repayment Terms

The repayment plans for loans available to federal workers are usually very easy and convenient. This is usually subject to your agreement with a potential lender. Most times,  a certain percentage of your salary may be deducted monthly or weekly for a particular period until the loan amount is fully settled.

Advertisement

Conclusion

Getting a loan as a federal government worker is easier and many lenders go as far as offering no-interest loans to FG workers. All you need to do is to choose the one that matches your budget and make sure to carefully read their terms and conditions before applying.

Related Posts

Breaking: Nigerian Footballer Slumps, Dies During FA Cup Match [Photo]
Sports

Breaking: Nigerian Footballer Slumps, Dies During FA Cup Match [Photo]

Breaking : Court Sacks Popular Nigerian Senator, Declares Seat Vacant
News

Breaking : Court Sacks Popular Nigerian Senator, Declares Seat Vacant

Gov Adeleke Writes Letter To INEC, Tables Fresh Request
News

Gov Adeleke Writes Letter To INEC, Tables Fresh Request

Week 30 Pool Result 2023
Sports

Week 30 Pool Result for Sat 28 Jan 2023 – Pool Agent

The local currency opened at N755.00 per $1 at the parallel market otherwise known as the black market today Saturday, 28 January 2023, in Lagos Nigeria, after it closed at N750 per $1 on Friday, 27 January 2023
Featured

Black Market Dollar To Naira Exchange Rate Today Sat 28 January 2023 – Aboki fx

Latest Information On Nigeria Immigration Recruitment 2023
Jobs

Latest Information On Nigeria Immigration Recruitment 2023

Next Post
EPL: Man Utd Doesn’t Need Distraction, I’ll Not Tolerate It – Rooney Warns Ronaldo

EPL: Man Utd Doesn't Need Distraction, I’ll Not Tolerate It – Rooney Warns Ronaldo

Leave a Reply Cancel reply

JUST IN

Breaking: Nigerian Footballer Slumps, Dies During FA Cup Match [Photo]

Breaking: Nigerian Footballer Slumps, Dies During FA Cup Match [Photo]

Breaking : Court Sacks Popular Nigerian Senator, Declares Seat Vacant

Breaking : Court Sacks Popular Nigerian Senator, Declares Seat Vacant

Gov Adeleke Writes Letter To INEC, Tables Fresh Request

Gov Adeleke Writes Letter To INEC, Tables Fresh Request

Week 30 Pool Result 2023

Week 30 Pool Result for Sat 28 Jan 2023 – Pool Agent

The local currency opened at N755.00 per $1 at the parallel market otherwise known as the black market today Saturday, 28 January 2023, in Lagos Nigeria, after it closed at N750 per $1 on Friday, 27 January 2023

Black Market Dollar To Naira Exchange Rate Today Sat 28 January 2023 – Aboki fx

Latest Information On Nigeria Immigration Recruitment 2023

Latest Information On Nigeria Immigration Recruitment 2023

Latest Information On Nigeria Immigration Recruitment 2023

Nigeria Immigration Website for Recruitment | www.cdcfib.career Portal Login 2023

Apply for Bank of Industry Loan | BOA Loan Application at www.boi.ng

Bank of Industry (BOI) Entrepreneurship Programme for Nigerians 2023

NIMC Recruitment

NIMC Recruitment 2023 Application Form Registration Portal | www.nimc.gov.ng| How to Apply

Latest NPower News Today Friday 27 January 2023

Latest NPower News Today Friday 27 January 2023

Follow us

Categories

  • Biafra
  • Big brother Titans
  • business
  • Crime
  • Education
  • Entertainment
  • Featured
  • General Information
  • Headline
  • Health
  • Insurance
  • Jamb & All Education News
  • Jobs
  • Lifestyle
  • LOAN & INVESTMENT
  • News
  • Npower
  • NYSC
  • Opinion
  • Politics
  • Relationship
  • Scholarship/ Opportunities
  • SPONSORED POST / GUEST POST
  • Sports
  • Technology
  • Tour
  • World News

Recent Posts

  • Breaking: Nigerian Footballer Slumps, Dies During FA Cup Match [Photo]
  • Breaking : Court Sacks Popular Nigerian Senator, Declares Seat Vacant
  • Gov Adeleke Writes Letter To INEC, Tables Fresh Request
  • Week 30 Pool Result for Sat 28 Jan 2023 – Pool Agent
  • About Us
  • Advertise with Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms And Conditions

© 2022 Golden News

No Result
View All Result
  • Home
  • News
  • Npower
  • Jobs
  • NYSC Info
  • Education
  • Business
  • Entertainment
  • Sports
  • Technology

© 2022 Golden News

YOU WANT LATEST UPDATES?

JOIN OUR TELEGRAM CHANNEL NOW
X