July 20, 2024


5 Simple Steps to Apply for Consumer Credit Scheme Before May 15 Deadline


The Consumer Credit Scheme, spearheaded by President Bola Tinubu, marks a significant milestone in Nigeria’s efforts to empower its citizens economically.


Launched on April 21, this initiative aims to provide accessible credit facilities to hardworking individuals across the nation, starting with civil servants.


With the guidance of Ajuri Ngelale, the President’s special adviser on media and publicity, the scheme promises to revolutionize the financial landscape by offering opportunities for citizens to enhance their quality of life.


Through prudent management of payments over time, individuals can now acquire essential goods and services such as housing, transportation, education, and healthcare, bolstering stability and fostering personal growth.


Consumer credit plays a vital role in modern economies, empowering individuals to fulfill their aspirations and contribute to national development. By prioritizing user experience and simplicity, the program seeks to ensure that every Nigerian, regardless of background or circumstance, can participate and benefit.

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As the first phase of registration draws to a close on May 15, 2024, the Consumer Credit Scheme stands as a beacon of hope, promising tangible support and opportunities for a brighter future for


Table of Contents




Step 1: Go to the Official Website



If you work in Nigeria, especially if you’re a civil servant, visit the official website, credicorp.ng. Look for the “Register Now” button, it’s big and bold. Click on it. You’ll land on a page where you need to fill in your personal details.


That means your name (first, middle if you have one, and last), phone number, email address, and date of birth. You also need to say if you’re a man or a woman, and where you live and where you’re from. Once that’s done, move on to the next page.

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Step 2: Why Do You Need the Money?


After filling in your personal details, you’ll get to a page where you explain why you want the loan. You also need to say how much money you can pay back in six months.


If you’ve borrowed money from a microfinance bank before, tell them. And if you have, say how much. Don’t forget to put in your National Identity Number.


Step 3: Tell Them About Your Job


Now, you need to talk about your job. Tell them how many years you’ve been working and how much money you make every month.



Also, say which bank puts your salary in your account. Lastly, give them your bank account details for the loan money.

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Step 4: If You Have Another Job


If you work somewhere else as well, let them know. This is optional, though. If you do have another job, fill in the details like how long you’ve been doing it and how much you earn. Also, say which bank gets your money.


Step 5: Face Capture


The last step is easy. They just need a capture your face as per instructions. After that, you’re done! Your registration is complete.

Then you will receive a pop up like the image above to show your registration was successful.

Remember, the deadline for this first round of applications is May 15, 2024. So make sure you finish everything before then. Good luck!


This article first appeared on: Piggybank

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