One of the loan companies in Nigeria that offer loans without collateral is C24 limited. As the company’s slogan, “Money to keep you going,” says, C24 loan knows that no matter how tight your finances are, life goes on, and you still have to pay your bills.
They can help you solve your money problems by giving you a quick and flexible loan application that only takes five minutes to fill out.
C24 Loan Website
Use a loan calculator before you decide on a loan package. It’s easy to use. You just put in the loan amount, and as you move the slider, it automatically figures out the monthly and total payments for that plan.
Types of C24 Loans You Can Ask for
1) Loans for people
You can apply for a C24 personal loan of up to 2 million Naira as an individual. This loan can help with bills, rent, medical bills, and other costs. To get a personal loan, you need the following:
- A passport photograph
- A valid national ID, such as a driver’s license, passport, or voter’s card.
A letter of employment to prove that you have a job or another way to make money. - Six months’ worth of bank statements
- Getting to know a company
- Direct Debit Mandate
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2) Business Loans
C24 offers three types of loans for businesses. These things are:
Overdraft: This loan helps businesses of clients in case of an emergency. This feature lets you take out more money than you have in your account at the moment. This gives you access to emergency funds.
LPO Financing: This package lets reputable vendors and contractors get the money they need in advance to do work and fulfill purchase orders. It keeps the business running smoothly and, in the end, helps it grow and expand.
Lease Financing: As the name suggests, this type of financing lets people buy business equipment, tools, and machinery. You can pay for things over a period of time. It is especially important for entrepreneurs and new businesses.
With this loan comparison and recommendation platform, you can find the best loan option for your needs among the many that are available in Nigeria today. It only takes a few minutes and is very simple and easy to use.
C24 Loan Requirements
- A recent photo from a passport
- A formal letter written on the letterhead of your company asking for the loan.
- A signed order for direct debit
- A copy of the last bill you paid for utilities.
- A valid way to prove who you are
- You must be working or have worked for at least six months before you apply for the loan.
- You can’t be older than 22.
- You must have a bank account that works.
- You must have done enough business with them to show that they can pay you back.
To be eligible you must:
- You must work and resides in Lagos State. (if you are applying for a Personal Loan)
- Be employed (for at least 6 months)
- Be aged 22 years or over
- Be employed and get paid into your bank account
- Have a functional salary bank account
- Have a good credit history
Personal Loan
required documents:
- Passport Photograph
- Any Means of National ID
- Employment/Promotion/Confirmation Letter
- 6 months’ salary account bank statement
- Company Identification
- Direct Debit Mandate
- Postdated Cheques
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C24 Business loan
required documents:
- Recent passport photograph.
- A formal loan application on letterhead.
- CAC Document
- Your cheque leaves (repayments and signature verification) for loan above #200,000.
- Signed direct debit mandate form.
- Recent residential/shop utility bill.
- Valid Means of national identification.
- Rent receipt and rent/lease agreement.
- Signed letter of authority to print bank statement.
- Signed letter of undertaking for dishonor of postponed cheque.
What is the interest rate on a C24 loan?
The interest rate on a C24 loan is 4% per month, and there is a one-time 4% management fee. Don’t worry, the management fee is already included in your plan to pay back the money.
You have between three and nine months to pay back your loan. You can use Direct debit, checks, or POS terminals to do this.
It’s important to know that C24 charges you 1% for each day you miss your payment date after you’ve already missed it.
In general, a C24 loan is a bit more expensive than other types of loans. However, it can be helpful if you need a quick solution and can pay it back quickly.
C24 Loan Request
You can’t get the C24 Loan app on either the Google Play Store or the Apple App Store right now because it doesn’t exist. We hoped that this would be different soon.
Does C24 Loan exist?
Yes. C24 Limited is a real business that gives out loans at different rates. You can contact them by sending an email to [email protected]. ng.
What are the pros of C24 loans?
The amount you can borrow is high.
The process moves quickly.
What are Pros and Cons of C24 Loan?
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Is it only in Lagos, and do they have to fill out a lot of paperwork?
C24 is still one of the best places to get a loan in Nigeria. It has flexible rates and quick approval and payment times. The application process is also pretty easy, but you’ll need to fill out a lot of paperwork.
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