General Questions

Click on the apply now on the page and and application form will appeal, fill in your information,upload valid copy of your either your national ID / International passport / driver's license and click the submit button. you can also apply through any of our email on the page.

Depending on your personal financial situation,loans typically range between 5,000 and 45,000, with a maximum of 10,000,000.00 in Dollars, Euro and Pounds.The repayment terms between 24 and 240 months. The higher your credit score and income, the more money you can potentially borrow but term and conditions apply.

A rendered loan to all nationality at rendered at 3% interest rate irrespective of your Credit Score or loan Collateral. We can also render loan to applicants earning a good/poor salary to enable him/her refinance at stipulated time of loan repayments but term and conditions apply.

In line with our company's Loan Lending policy. We have two (2) options in which an applicant is expected to pick one (1) from when applying for a loan in our company to enable qualifying for a loan and they are state below:

Collateral Security Option: An applicant is to provide us with a equity based property (buildings,lands) as collateral security for their loan acquisition,that is he/she is to send us original scanned copies of the ownership documents of the property/properties he/she wishes to use as collateral of their loan. The documents must include a document from your government certifying the applicant as the owner of the said property/properties.note that the property/properties must be in the same name as that of the applicant.

Immediately we receive the documents, we shall carry out investigates through our consultant in the county. To verify the true ownership of the property/properties and also the market value. And if the findings are satisfactory to us, your loan will be transferred into your dedicated bank account within 48 hours banking time.

Non-Collateral Security Option: When applicants are unable to provide us with the required collateral security for their loan acquisition. The applicant will be required to make a refundable deposit known as non-collateral security deposit,which is calculated base on the amount of loan required by the applicant. it is the only payment that will be required in transaction. The non-collateral security deposit will be refunded back to the applicant after a successful repayment of the loan. The non-collateral security deposit stands as a form of asset on the loan and also acts as a commitment for us to do business together.The non-collateral security deposit is charged upfront.

About Borrow Loan

The main reason lenders ask for documentation is to help verify your identity and income. When documentation is needed, typically you'll be asked to provide:
Driver's license or another form of identification Pay stubs and/or bank statements.

When selecting your personal loan you will also choose a repayment period, typically in months. Should you choose to pay off your loan early, it's important to note whether your lender charges a prepayment penalty fee. `At Loco Loan Firm you will never be charged a penalty or additional fees for paying back your personal loan early.

A secured loan on a mortgage or car loan is backed by the actual asset in this case, the home or car, respectively. Therefore, if you fail to make payments and default, you are at risk of losing the asset.
On the other hand, an unsecured personal loan has no collateral so the lender assumes the risk on your promise to repay. It's for this reason we demand the non-collateral security deposit for unsecured loans: They create a higher risk for the lender.