What is Corp Loan Firm (CLF)?
Corp
Loan Firm (CLF), is an Internet-based direct-to-consumer lender. We
specialize in financing and servicing Business/Mortgage/Personal loans
for customers with less-than-perfect credit.
What is your minimum credit score?
We
don’t have one. At Corp Loan Firm (Corp Loan Firm) we work with people
with less than perfect credit so we expect a low score. Our approvals
are based on equity in the form additional collateral or Registration
payments.
When should i apply?
You
should submit your secure online application by email to Corp Loan Firm
when you are ready to acquire a loan. You will receive a loan decision
via e-mail. Approvals are valid for 3 Business days.
At what rate do you lend?
We give out all loans at an interest rate of 3% per annum, with a monthly or an annual installment plans schedule.
Can I pay my loan off early and will I be charged?
You
may repay the loan in full at any time before the final payment is due.
Details of how to do this are in the agreement papers. We calculate
your settlement figure by first determining your ‘settlement date’. For a
Personal Loan of less than, or equal to, one year we work out your
settlement date by counting forward 28 days from the date we receive
your request to settle early. If your loan agreement is longer than one
year we are allowed to calculate the settlement date by counting forward
for a further 30 days or one calendar month. We will charge interest up
to your settlement date. If you entered into your agreement with us on
or after 11 June 2010, you are entitled to make a partial repayment of
your Personal Loan. Upon making a partial repayment you can choose
whether to either reduce the term of your loan or your monthly repayment
amount.
I am an existing loan customer, how can I borrow more?
Contact us We will give you more details.
What Collateral do i provide to obtain a loan?
We
usually require an equity based property as collateral for your loan
acquisition. And this collateral or property must be located in our
State Lagos, Nigeria. This property can either be a mortgage or anything
that worth the amount of loan you are applying for.
What if i do not have a collateral? Can i still get funded?
Yes!
That is what we call an unsecured loan, One thing about this
alternative option is that it is a Non-collateral security kind of loan,
Customers that we offer this kind of loan service to are mainly the
ones that are outside Our State... They are Required to register their
loan with our company, and they are required to pay the registration
cost only... Because with an unsecured loan, we the lender can not
automatically seize your property as payment for the loan if you default
with the repayment. We can only report late payments and loan default
to the credit bureaus for the necessary actions.
After this Registration payment, Do i have to pay another fee?
No! You will not have to pay a fee to us again. And your loan will be transferred to your bank account.
After the Payment of this fee, do i still need an insurance cover?
No!
This registration is an insurance product that enables customers to
insure repayment of loans if the borrower dies, becomes ill or disabled,
loses a job, or faces other circumstances that may prevent them from
earning income to service the debt. One thing about this registration
payment is that it is a security obtained from banks here which is
popularly known as bank securities. When you make this payment, we will
obtain this non-collateral/security for you, it actually yield value
which will eventually be equivalent to the loan you are obtaining during
the stipulated duration of the loan. When you are unable to pay back
the loan, we the issuing Company take the deposit/bank security which
has yielded value as substitute for the loan.
If I'm able to provide a collateral, will i be obligated to pay for registration?
No!
Once your collateral papers are reviewed and signed, your loan will be
approved and transferred to you at once, without prepayment.
Note: That the review period is up to 3 weeks.
What documents do i need to sign?
Just Our loan contract document/loan agreement document and the letter of commitment.
Can i still Qualify for this loan even with a bad credit score?
Yes!
Because at Corp Loan Firm (Corp Loan Firm), our goal is to help small
and mid-sized business owners by providing a simple and convenient
business loans. We focus on your business - not just a Credit Score.
Contact us to see what information you need to provide.
How long does it take for a loan to get approved and transferred?
It
takes a period of 2 to 3 business days to get the loan processed and 2
business day for the bank transfer. Because all loans funds are
transferred via a bank to bank wire transfer
Can I get a loan if I live outside Nigeria?
Yes, as long as certain criteria are met. As always, every situation is unique, so contact us to be sure you qualify.
Is my personal information secure?
Yes. Security of confidential information is a priority at Corp Loan Firm.
Please read our privacy policy.
What is the Message Center and why do I need to use it?
The
message center is a secure area of the Corp Loan Firm, where you can
communicate with your loan lender or Customer Care Specialist. You will
send and retrieve messages to or from your Customer Care Specialist by
message center. Corp Loan Firm does
not use regular email to transmit confidential information because
regular email is NOT secure. However, our Message Center IS fully
secure. The message center is key in the loan application process.
