Credit Services

Personal Loan

It mainly involves the granting of loan facilities to individuals who are gainfully employed or have a regular flow of income. The aim of the loan is to enable individuals to meet necessary needs.

Working Capital Loan

This is basically making funds available for the operational needs of a business. A charge is usually taken on the working assets of the borrower for the duration of the facility.

Bridging Loan

This is a loan taken in anticipation of an expected payment on a service rendered. It is usually short term, with the assets of the business/individual used as security.

Transaction/L.P.O Finance

This is the granting of short term facilities to finance LPO/Job orders from reputable organizations. It is usually for purchase of goods within our borders.

Invoice Discounting

This service is designed to bridge the funding gap of suppliers who have receivables from previous supply jobs and need funds to execute new jobs or run their operations. It is essentially the provision of finance against the security of receivables.

This facility is provided only where goods or services have been supplied from business to business on credit terms.

Project Financing

This is usually medium or long term in nature. It is always targeted at a particular project. Drawdown on this form of loan is in stages, depending on agreed terms and project milestones.

Consumer Loan

For an organisation to achieve a set of objectives, the adoption of a benefit structure that ensures goal congruence in the area of employee-employer relationship is often essential.

The CFS Finance Company Limited Consumer Loan Scheme is a Retail Loan Package aimed at providing client’s employees with a convenient option of meeting their financial needs under a more flexible and agreed repayment tenor. The scheme is a work benefit compensatory to the employee welfare package. The objectives of the scheme is to enhance employee commitment, loyalty and productivity.

The employer is usually required to repay the loan and charge the same to employee’s payroll, and to guarantee such facility in an event of default or cessation of employment.