How To Apply For Credit Direct Limited Loans (CDL)


Millions of consumers in Nigeria receive financial solutions from Credit Direct Limited (CDL), a non-bank lender with a digital focus. Its headquarters are in Lagos, and it was established in 2015. Personal loans, nano loans, and buy now, pay later (BNPL) loans are among the several lending options that CDL provides. Loans from the company are open to both paid and independent workers. 

The company presently conducts business in 25 states of Nigeria, including Abuja, the federal capital. Credit Direct Limited is putting itself in a position to emerge as the dominant market champion in the unsecured micro-lending (payroll lending) arena in Nigeria and indeed sub-Saharan Africa, with a staff strength of over 1000 employees and a loyal consumer base in excess of 300,000.

The company’s flagship product and its key business is the 12-hour rapid response loan product “Sharp Sharp.” It debuted its asset-based loan product in 2011, which enables clients to buy household items while also catering to market segments that are wary of interest-bearing loans. In 2015, Credit Direct Limited unveiled Empower the Corps as a brand-new product.

A program that offers loans to corps members so they can launch small businesses, further their careers, or purchase assets for their homes or businesses. They take pleasure in offering quick turnaround loans for everyone within 12 hours with minimal paperwork, top-notch customer service, and effective operational procedures.

How to apply for a CDL loan

  • You must register for an account on CDL’s website or mobile application before you can apply for a loan. Then, you will have to give some basic information, such as your name, phone number, email address, and bank account information.
  • A copy of your identification (ID) document and evidence of income must both be uploaded.
  • After you’ve completed your application, CDL will analyze your data and decide within a short period of time. The money will be paid into your bank account within 24 hours if your loan is authorized.

The monthly interest rates for loans from CDL range from 2% to 4.5%, and the loan terms are 1 to 36 months. Additionally, the business levies a processing fee equal to 1% of the loan amount. The Central Bank of Nigeria (CBN) has granted CDL a license as a regulated financial institution. The business is well-known and a preferred option for Nigerians who require rapid and simple access to loans.


The advantages of borrowing money from Credit Direct Limited include the following:

  • Swift and simple application procedure
  • Rapid loan acceptance
  • Affordable interest rates
  • Adjustable loan terms
  • Convenient choices for repayment

Which kinds of Credit Direct Loans are there?

Basically, this company provides the general public with four lending options. These loans consist of:

1. Sharp Sharp Loans Inc.

These loans are only available to employees of the federal, state, and local governments. The loan will typically be disbursed 12 hours after your entire documentation is received. sharp sharp loans often have terms of one to twelve months. 

2. Cash-to-go loans

Only salaried employees are eligible for cash-to-go loans, and funds are disbursed within 24 hours of receiving all required paperwork. Additionally, cash-to-go loans have terms that span from roughly 1 to 12 months. 

3. Quick asset finance

In essence, this product provides you with a loan to pay for white goods, any domestic equipment, and assets that generate money (such as grinding machines). Three, six, nine, and twelve-month loans are all that are offered for this product.

4. Empower the corp loans

This loan product was developed by Credit Direct in collaboration with NYSC to meet the financial needs of corps members. Therefore, this product is intended for members of the youth corps. 

final point

Anyone who is eligible for a direct loan can get one with very little difficulty. Additionally, the customers will have peace of mind and ample time to return the loan thanks to their flexible repayment terms. You can definitely test out the loan options if you need money to meet your financial needs.