Our loan services offer a hassle-free and streamlined borrowing experience, providing you with the funds you need in a timely manner to meet your financial requirements.
Our onboarding is fast, secure, and fully verified. Borrowers connect their BVN, phone number, and bank account to create a trusted financial profile. This ensures lenders get accurate, verified information — all protected under strict data privacy and compliance standards.
Credco’s smart aggregation engine pulls real-time financial data — including income trends, bank activity, and credit signals — from multiple sources. This builds a complete financial profile for each borrower, revealing true capacity and behavior. With these insights, lenders gain deep visibility into borrower finances, enabling smarter, more accurate risk decisions than traditional credit checks alone.
The bank conducts a credit assessment to evaluate the borrower's creditworthiness and ability to repay the loan. This process involves analyzing the borrower's credit history, income stability, debt-to-income ratio, and other factors.
If the borrower meets the bank's lending criteria and passes the credit assessment, the loan is approved. The bank determines the loan amount, interest rate, repayment term, and any associated fees.
Intelligent retry logic that adapts to borrower patterns and payment preferences.
Real-time monitoring of all loan repayments with automated reconciliation.
Comprehensive analytics on loan performance, recovery rates, and risk assessment.
Fully compliant with CBN regulations and guidelines.
End-to-end encryption with ISO 27001 certified security protocols.
Comprehensive audit trails and regulatory reporting capabilities.