Blog

Features of Creditville Loans

There are services offered at Creditville other than its loans. These services include Leases, Bureau De Change Asset Management, and Microfinance Banking.

Lease

A lease is a contract agreement between one party to another where property, land, or services are granted for a period of time in return for a periodic payment.

Creditville is ultimately guaranteed to provide you with top-notch leasing services. With their many years of experience in this service, they’re sure to leave customers satisfied with their products. These lease services are reliable with 100% financing for your vehicles, grant access to assets with minimal capital required, the interest rates are fair and negotiable with no hidden charges, and also give opportunities to raise funds for your business expansion.

Finance Lease

These are leases granted to customers (companies and employees of organizations) in acquiring assets such as equipment, vehicles, and household equipment. This lease makes it possible for businesses and individuals to become owners of their dream properties or vehicles.

Features of finance lease

• Proper mitigation plans against loss damage and loss.
• Access to assets with minimal capital.
• Fair and negotiable interest rates.
• Repayment plans are flexible.
• A maximum of 48 months tenor.

Micro Lease

Micro Lease is a lease made for small and medium businesses and Transporters. It helps business owners acquire assets gradually in order to grow their businesses and earn revenues.

Micro Lease is based on group financing against individual financing.

Features of Micro Lease

• Helps clients acquire productive assets.
• Proper mitigation plans against loss damage and loss.
• Affordable interest rates with no hidden charges.
• Flexible repayment plans.
• A duration of 52 weeks.

Operating Lease

As a corporate establishment, having your company-owned vehicle is a satisfying feeling. This lease is a corporate asset finance product that grants companies access to vehicles and equipment with a fixed monthly rental for an agreed period or area. The monthly payments mostly cover servicing and maintenance costs. The company itself sets specific budgets to work with on the monthly payments.

Features of Operating Lease

• Provides proper financing for vehicle needs.
• Frees up your working capital.
• Flexible repayment plan.
• No ownership risk.

Sales and Leaseback

With this product, customers are able to monetize their assets for the purpose of raising capital for their various needs. Assets such as vehicles can be sold back to Creditville and can be leased from the company for a specified period of time. This is all possible with Creditville Sales and Leaseback service.

Features of Sales and Leaseback

• Gives the opportunity for customers to raise funds with assets while in use.
• Proper mitigation plan against loss damage and loss.
• Return of ownership after all obligations on the transaction are met.
• The maximum period of 24 months.

Bureau De Change (BDC)

Fully known as Dawanau Bureau De Change Limited. This is a corporate body that deals with the business of buying and selling foreign currencies. They offer customers the best quality FX services. Some of those services include Travel Allowances, Purchase & Sales of Foreign Currencies, Exchange of Foreign Currencies, and Payment of International Tuition fees.

Personal and Business Travel Allowance (PTA & BTA)

There’s always a need to buy foreign currencies when you’re planning a trip abroad. BDC has provided individuals with an easy way to acquire foreign currencies as stress-free as possible.

This is the same for those planning their business trips abroad. Allowances are granted to make it easier for you to have a pleasant trip for whatever reason, whether personal or business.

Requirements for PTA

• Applicants must be of age 18 and above.
• To apply, you must be a Nigerian citizen.
• A valid visa from the country of destination must be available.
• A copy of the bio-data page of the applicant’s International Passport must be submitted.
• Applicants will provide their Bank Verification Number (BVN).
• A return air ticket.
• Applicants’ flights must originate from Nigeria.
• Applicants will be entitled to $4,000 per quarter.

Requirements for BTA

• Requirements for PTA must be met.
• Applicants must be nominated by a company in Nigeria.
• Evidence of Business Registration in Nigeria (Certificate of Incorporation).
• A letter of invitation from the company abroad must be provided.
• The company is entitled to $5,000 per quarter.

Purchase and Sales of Foreign Currencies

This service is available to companies who are looking to purchase foreign currencies from BDC.

Requirements include:

• Source of the fund.
• Full name of the seller.
• Valid ID card of the seller.
• Confirmed phone number.
• Contact Address.

Exchange of Foreign Currencies

This product provides customers with the best quality service for the exchange of foreign currencies.

Payment of International Tuition Fees

As an international student abroad, there is no easier way to settle your tuition fees than with BDC. This product is very convenient for students.

The requirements for this service are:

• The application is aimed at applicants who are schooling abroad.
• The payments will be made directly into the school account.
• Students must use the bio-data page of their international passport as recognition.
• Applicants shall provide their BVN.
• A duly completed application form.
• The admission letter from the university or college.
• Invoice from the university or college.