by Demi

Are you looking for how to get loans as a federal government worker in Nigeria?

Human needs are endless even when you have a monthly source of income as an individual, entrepreneur, business, or civil servant. Your income may not be enough to satisfy and achieve the plans you have. At this point, what comes in as an idea is a way to go for a loan which is a better chance to get sufficient funds to accomplish one plan as at the time it being needed with an assured income to pay back afterward. In this article, you are provided with all the necessary information you need to obtain a loan as a federal worker.

How do I get a loan as a Federal Worker in Nigeria?

Numerous financial institutions now offer loan services to Nigerians including individuals, entrepreneurs, business owners, and federal workers through physical and technological means for either business or personal use. 

There are several suitable loan options from financial institutes, online lenders, government institutions, and so on.

What is the maximum or minimum amount of loan you can borrow?

The amount of loan available to a federal government worker depends on several factors, which include the type of loan being applied for, either personal, auto or mortgage, the loan duration, mode of payment among others.

Loans for Federal government staff in Nigeria are usually between ₦20,000 and ₦10,000,000 depend on your eligibility.     

Interest rates

Interest rates vary across financial institutes depending on some factors while interest rates for civil servants are always affordable and comfortable. 

What are the minimum requirements for taking up a loan as a federal worker?

The requirements to acquire a loan may differ in different institutions by the terms of your loan agreements. However, the following are some basic requirements that might apply to most lenders:

  •  Personal details- full name, residential address, email address, phone number etc
  •  A bank account, either Current or Savings, with a commercial bank in Nigeria.
  • The staff Identification card is an important requirement as well as a Pension statement
  • You must be a salary earner under the federal government with a verifiable monthly income.
  • You must be in the age range of 22 and 58 years old.

Some loan institutions may require your general employment information and documentation which may include your Letter of Employment, Confirmation, Promotion, Redeployment, Salary Increase, an Introduction Letter from your Employer’s HR.

Where can I get loans as a federal worker?

As a federal worker, you can get loans from several financial institutions in Nigeria. Some of them include:

  • BMGmoney
  • SC Loan- Standard Chartered Nigeria
  • FCMB – Fast Cash
  • Startscredit- Creditville
  • ArvoFinance Web
  • Nextpayday loan
  • Fast Credit Nigeria Limited 
  • Petty Cash

How fast are funds released?

The process for the disbursement of funds equally differs from one financial institution to the other. Although, the loan is sent to the registered account once the loan application is approved.

Repayment terms

The repayment plans for loans available to federal workers are convenient and comfortable, subject to your agreement with a potential lender. Frequently, a certain percentage of your salary may be deducted monthly or weekly for a particular period until the loan amount is fully settled.


Now that you know how to get loans as a federal government worker in Nigeria.

Looking for a business plan to support your loan application in Nigeria or anywhere globally?

We have all types of business plans including (farming, livestock, hotel, IT, logistics rice, flour, restaurant, bakery, etc)


How To Download Business Plan of Your ChoicePDF and Doc (With financial analysis)

Pay the sum of N5000 (Five thousand naira only) to the account detail below:
Bank: GTBank
Name: Oyewole Abidemi (I am putting my name and not our company account so you know I am real and you can trust me, and trace me)
Ac/No: 0238933625
Type: Saving

P.S: We can also tailor the business plan to your name, business size, capital requirements, and more to fit your direct needs. Call or message +234 701 754 2853 for inquiries.

Thereafter, send us your email address through text message to +234 701 754 2853. The text must contain the title of the business plan you want and also your email address. Immediately after the confirmation of your payment, we will send the Business Plan to your email address where you can easily download it.

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