Public Sector Employees:
• Recent passport photograph
• Valid means of Identification
• Employee ID Card

Other sector employees:
• Recent passport photograph
• Valid means of Identification
• Employee ID Card if applicable
• Then the other points come here

Our minimum loan amount is N100,000 and the upper limit for a new customer is N2,500,000. Both depends on borrowers capacity to repay based on verifiable income level and other selection criteria.

You cannot have more than one loan at a time, but you can apply for a top up loan after three repayments on your existing loan.

Yes, your application is subject to a credit check before approval.

No, your application can also be made online through our website. After the application has been made,our customer care representative or sales officer will contact you.

Yes, you must be a salary earner or a registered business owner

You will be contacted by your loan officer. You can always reach out to your loan officer to get any required information.

You can make repayments via our different channels depending on which is convenient.
‍NUBAN Cheques: Your cheques serve as a fall back plan for repayment and will be presented only in cases where we are unable to claim your repayment via DDM.
‍Online Payments: You can make transfers to our bank accounts which is readily available.

On your salary pay day.

Yes, you can pay down/liquidate your existing facility at any time.

We will hold your cheque from being presented for 24 hours, during which we would implore you to keep us posted on the status of your account.

Yes, your repayment date can be changed. To facilitate this change, please send this request via mail to info@essentialfinanceltd.com with evidence of the change of employment.

Please send us an email at info@essentialfinanceltd.com or call our Customer Contact Centre on (234) 803-327-0003. and we will refund the second debit after due confirmation.

You can visit our office to retrieve your cheques at least 24 hrs after request, once loan has been fully liquidated.