Apply for a Loan in 4 Simple Steps
Step 1
Choose Your Loan Package
Each loan category is structured to fit different financial needs:
- Personal Loans for Civil Servants: Ideal for emergency expenses, education, home renovation, or medical bills.
- Business Loans for SMBs & Startups: Designed to help businesses with expansion, inventory purchase, or marketing.
- Investment Loans for Business Founders: Tailored for entrepreneurs looking to scale operations.
- Micro Business Loans: Short-term funding for small businesses needing quick capital.
Step 2
Provide Required Documents
To ensure a smooth and secure loan process, applicants must submit:
- Personal Information: A valid government-issued ID (National ID, Driver’s License, or International Passport).
- Proof of Income: Recent bank statements, salary slips, or tax records.
- Business Registration (For SMBs & Startups): CAC registration certificate or business license.
Step 3
Collateral Requirements & Documentation
LoanGate requires applicants to provide collateral to secure their loan. The acceptable collateral options include:
- 1. Land as Collateral
- Must provide a Certificate of Occupancy (C of O) or a Deed of Assignment to prove ownership.
- Land valuation report from a recognized estate surveyor.
- Tax clearance certificates (if applicable).
- 2. Jewelry as Collateral
- Original purchase receipt or invoice.
- Certification of authenticity from a licensed jeweler.
- Appraisal report indicating market value.
- 3. Car as Collateral
- Vehicle registration documents.
- Proof of ownership (purchase receipt or sales agreement).
- Valid insurance certificate.
- 4. Business Assets as Collateral
- Asset valuation report.
- Proof of ownership (invoices or purchase receipts).
- Business financial records showing asset usage.
Step 4
Loan Approval & Disbursement
- Loan assessment and approval within 48 hours after document verification.
- Notification via email/SMS about approval status.
- Funds are transferred directly to your registered bank account.
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