credit direct loan

Credit direct loan, everything you need to know about their ussd code and requirements. Currently, in Nigeria, there is an increase in the number of platforms offering soft loans to people. These platforms are mostly financial technology companies. With the advent of these platforms, one can seamlessly obtain quick loans, even without collateral.

One such platform is Credit Direct. In this article, we will carefully discuss everything you need to know about the Credit Direct loan. Be sure to keep reading.

Overview Of Credit Direct

Credit Direct is one of the giants in Nigeria’s digital banking system. As we noted earlier, there is a quantum leap in the number of digital lending platforms in Nigeria.

And out of the hundreds of lending platforms, the Credit Direct platform is one of the reputable platforms with good customer service.

Credit Direct was incorporated in 2007 and worked like other platforms. However, they do not just offer lending services but also create an avenue to solve the investment problems of the citizens.

This way, they aid in no small way to reduce poverty to its nearest minimum in the country. But then, we are focusing mainly on the Credit Direct loan.

To prove the credibility of this very platform, they have a head office in Lagos, Nigeria. Hence, there is nothing to worry about if Credit Direct is legit or not.

Credit Direct Loan

Having gotten a sneak peek at what the platform is all about, it is important we squarely look at the lending services of Credit Direct.

Lending services are one of the services offered by Credit Direct. The Credit Direct loan is soft with a flexible repayment plan, low-interest rate, and easy to secure.

Unlike traditional physical banks, you do not need to be in a queue before you can apply for a Credit Direct loan.

In addition, no paperwork or much documentation is needed to secure the loan. However, it does not mean that Credit Direct gives out loans on a platter of gold. No, that is quite unrealistic.

There are requirements needed to secure a Credit Direct loan. In the later part of this article, we shall discuss them but before then, let’s quickly take a glance at the different loan packages offered by Credit Direct.

What Are The Loan Packages Offered By Credit Direct?

Credit Direct gives four loan packages. They are;

  • The sharp sharp loan
  • The Cash To Go Loans
  • Quick Asset Finance
  • Empower The Corp Loan

Stay with us as we explain each loan package (scheme) and its requirements.

The Sharp Sharp Loan

The first loan scheme offered by Credit Direct is the sharp sharp loan. While the name may sound hilarious, it is solely reserved for workers at the Federal, State, and Local Government levels. Just like the name sharp sharp implies, this type of loan is quick. Hence, it gets disbursed within 24 hours of approval.

It is worth noting that this loan has a tenor between 30 days (1 month) and 365 days (12 months).

Features Of Sharp Sharp Credit Direct Loan

  • Loan disbursement within 24 hours of approval.
  • 12 months repayment plan
  • Hospitalization insurance
  • The Disbursement pathway is Credit Direct to a bank account or CDL cash card.
  • Quick loans without collaterals
  • Quick emergency loans without guarantors
  • No account Opening.
  • No long queues.
  • Insurance on all collateral-free quick Loans.

Documents Needed For Sharp Sharp Credit Direct Loan.

To secure a Credit Direct loan as a government worker, below are the doctor needed;

  • Completed Loan Agreement Form
  • Letter of Introduction & Employment or a Confirmation letter.
  • Attached passport photo
  • Guarantor Submissions, your Proof of residence and earnings, and Post Dated Cheques.
  • Work ID (for salaried people only) & Bank Statements or your Pay Slips.
  • Valid Means of Identification – National ID, Driver’s ID, NIN passport.

The Cash To Go Loans

The next loan scheme is the Cash To Go Loans. This particular type of loan is for salary earners. The loan disbursement is within 24 hours, and the repayment term is between a month and 12 months.

Read Also:  How to Borrow Money From Kuda Bank

Features Of Cash To Go Loans

This loan scheme covers the following;

  • Emergency loans or personal loans up to N2, 000, 000.
  • 12 Months repayment plan.
  • Quick loans without collaterals
  • Quick emergency loans without guarantors
  • No account Opening.
  • No long queues.
  • Insurance on all collateral-free quick Loans.

Documents Needed For Cash To Go Credit Direct Loans

The following documents are needed

  • Passport Picture.
  • Staff Identity Card.
  • Employment Letter and Last Salary Review Letter.
  • Valid means of ID ( National ID Card, Voters card, Driving license, and International passport).
  • Three months stamped bank statement (Up to Date)
  • Pension Statement(For current account holders).
  • Post Dated Cheques Covering Loan Tenor.
  • Bank Verification Number.
  • Signed and updated Direct Debit Mandate.

Quick Asset Finance

This is the third loan scheme offered by Credit Direct limited. This type of loan is specifically designed to help individuals acquire income-generating assets and even household items.

Features Of Quick Asset Finance

  • It is specifically for individuals and groups.
  • Disbursed is within 24 hours of approval.
  • The repayment plan is flexible, with 3 to 12 months.
  • Unique asset financing model for white goods, income-generating assets (ice-makers, grinding machines, etc.), and household equipment.
  • This product is open to private and public sector organizations—Rom CDL purchases these assets from accredited vendors with warranties and active after-sales service.

Documents Needed For Quick Asset Finance

  • Completed Loan Agreement Form
  • Letter of Introduction.
  • Attach your passport photo to your loan agreement form
  • Appointment letter.
  • Staff ID card and any other Valid ID.
  • Confirmation letter.
  • Three months of consecutive payslips and your bank statement.
  • CDL Introduction Letter.

Empower The Corp Credit Direct Loan

This particular loan is for Corp members. Credit Direct is in partnership with NYSC to ensure that the financial needs of the corpers are met.

Documents Needed To Empower The Corp Credit Direct Loan

To be eligible for this loan as a Corp member, you have to provide these documents;

  • Photo of your NYSC Identity card.
  • A Photo of an attestation letter from SAED.
  • Photo of the Corps member wearing the full NYSC regalia clearer picture of the Corps member’s face.
  • A photo of the valid ATM card of corps members’ official NYSC account.
  • Photo of the completed letter of an undertaking signed and dated by the corps member.

General Eligibility Criteria For Obtaining Credit Direct Loan.

The following (as seen on the Credit Direct) are the general criteria for securing any of the four loan packages we discussed earlier;

  • It would be best if you were between 22 and 58 years old.
  • You must run an account (Current or Savings) with a commercial Bank in Nigeria.
  • Applicant must live and or work in Lagos State.
  • You must have a verifiable monthly income.
  • You must have a clean Credit Bureau Report.
  • You must not have a history of returned cheques in your account.
  • One recent passport photograph (within the last six months)
  • Salary bank statement for the last three months (must be stamped by the bank).
  • NUBAN Cheque leaves for the duration of the Loan/Activated Direct Debit Mandate.
  • Staff Identification card.
  • Pension statement.
  • Letter of Employment, Confirmation, Promotion, Redeployment, Salary Increase OR Introduction Letter from Employer’s HR to CREDITDIRECT.
  • Valid Proof of Identification (current ECOWAS Passport, National Identification, Driver’s License, or Voters ID).

How To Apply For Credit Direct Loan

There are four types of loans on Credit Direct— sharp sharp loan, cash to go, quick Asset finance, and then empower the Corp.

To apply for any of these loans, follow the guidelines provided below;

  • Go to the company’s official website.
  • Fill out the application form that will be provided.
  • Click on “Apply Now.”

Also, you can click on the “Menu” icon at the top right side of the website.

  • Choose the loan package you want.
  • Click on “Apply Now.”
  • Fill out the application form carefully.
  • Submit when you are satisfied with filling out your form.

How Much Can I Borrow From Credit Direct Limited?

Provided you are eligible, and your documents are complete and ready, you can borrow a minimum of N100, 000 and a maximum of N2,500,000 from Credit Direct Limited.

Does Credit Direct Require A Credit Check?

Yes, Credit Direct requires a credit check before it can approve your loan application. It is one of the eligibility criteria.

Do I Need To Come To The Head Office To Apply For a Loan?

No, you do not need to do that. You can apply online, provided your documents are complete.

Meanwhile, you can visit the head office or branches to lodge your complaints or inquiries.

What Is Credit Direct Repayment Tenure?

The maximum duration for a Credit Direct loan is 12 months which is also a year.

Where Is Credit Direct Head Office?

Credit Direct Limited has Its head office at 48/50 Isaac John Street, GRA, Ikeja, Lagos, Nigeria.

This proves their credibility and reputation in the digital lending sector.

Credit Direct Cust0mer Care Number

You can also reach out to them for complaints or clarification via;

Phone Number: 0700CREDITDIRECT, 01-4482225

Email Address:



Credit Direct Limited is one of the platforms you can access quick loans to meet your financial needs.

We have outlined everything you need to know about this platform above, and we are confident that you have the right information with you and how to obtain your desired loan. We are in the comments section to answer your questions regarding this platform.