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Email
Info@litco.ng -
Address
Abuja, Nigeria
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Phone
+2347066677804
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- Loan Application and Approval Policy:
Eligibility:
- Members and Chapters: Any member or chapter registered with Litco Cooperative can access loans from our platform.
Credit Score:
- Savings-Based Score: Loan applicants must have a good credit score based on their savings history with Litco Cooperative.
Income Requirements:
- Income Verification: Applicants must demonstrate a stable and sufficient income, either through salary or other monthly income, to qualify for a loan.
Guarantor:
- Guarantor Requirement: Depending on the loan amount requested, applicants may be required to provide guarantors who can vouch for them.
Required Documents:
- Documentation: Applicants must submit necessary documents when filling out the loan application form. These documents may include proof of income, identification, and any other relevant paperwork.
Application Process:
- Dashboard Access: Members and chapters can access the loan application through their dashboard.
- Loan Plan Selection: Select the desired loan plan.
- Form Completion: Fill out the loan application form and submit the required documents.
Loan Processing:
- Verification: The billing team will review and verify the submitted documents.
- Approval: If all requirements are met, the loan will be processed within 24 hours.
- Members and Chapters: Any member or chapter registered with Litco Cooperative can access loans from our platform.
Credit Score:
- Savings-Based Score: Loan applicants must have a good credit score based on their savings history with Litco Cooperative.
Income Requirements:
- Income Verification: Applicants must demonstrate a stable and sufficient income, either through salary or other monthly income, to qualify for a loan.
Guarantor:
- Guarantor Requirement: Depending on the loan amount requested, applicants may be required to provide guarantors who can vouch for them.
Required Documents:
- Documentation: Applicants must submit necessary documents when filling out the loan application form. These documents may include proof of income, identification, and any other relevant paperwork.
Application Process:
- Dashboard Access: Members and chapters can access the loan application through their dashboard.
- Loan Plan Selection: Select the desired loan plan.
- Form Completion: Fill out the loan application form and submit the required documents.
Loan Processing:
- Verification: The billing team will review and verify the submitted documents.
- Approval: If all requirements are met, the loan will be processed within 24 hours.
- Interest Rate and Fee Policy:
Interest Rate and Loan Amount
- Interest Rate: The interest rate for loans is 10%.
- Loan Amount: Members can borrow up to 5 million naira, with flexible repayment terms.
- Interest Rate: The interest rate for loans is 10%.
- Loan Amount: Members can borrow up to 5 million naira, with flexible repayment terms.
- Late Payment: Members who are unable to repay their loans will be charged a fee of N1000 daily.
- Privacy and Data Security Policy:
LITCo we operate www.litco.ng . This page informs you of our policies regarding the collection, use, and disclosure of Personal Information we receive from users of the Site.
We use your Personal Information only for providing and improving the Site. By using the Site, you agree to the collection and use of information in accordance with this policy.
Information Collection and Use:
While using our Site, we may ask you to provide us with certain personally identifiable information that can be used to contact or identify you. Personally identifiable information may include, but is not limited to your name ("Personal Information").
Log Data:
Like many site operators, we collect information that your browser sends whenever you visit our Site ("Log Data"). This Log Data may include information such as your computer's Internet Protocol ("IP") address, browser type, browser version, the pages of our Site that you visit, the time and date of your visit, the time spent on those pages, and other statistics.
Cookies:
Cookies are files with small amount of data, which may include an anonymous unique identifier. Cookies are sent to your browser from a web site and stored on your computer's hard drive. Like many sites, we use "cookies" to collect information. You can instruct your browser to refuse all cookies or to indicate when a cookie is being sent. However, if you do not accept cookies, you may not be able to use some portions of our Site.
Security:
The security of your Personal Information is important to us, but remember that no method of transmission over the Internet, or method of electronic storage, is 100% secure. While we strive to use commercially acceptable means to protect your Personal Information, we cannot guarantee its absolute security.
Changes to This Privacy Policy:
This Privacy Policy is effective upon and will remain in effect except with respect to any changes in its provisions in the future, which will be in effect immediately after being posted on this page.
We reserve the right to update or change our Privacy Policy at any time and you should check this Privacy Policy periodically. Your continued use of the Service after we post any modifications to the Privacy Policy on this page will constitute your acknowledgment of the modifications and your consent to abide and be bound by the modified Privacy Policy.
If we make any material changes to this Privacy Policy, we will notify you either through the email address you have provided us, or by placing a prominent notice on our website.
Contact Us:
If you have any questions about this Privacy Policy, please contact us at info@litco.ng.
We use your Personal Information only for providing and improving the Site. By using the Site, you agree to the collection and use of information in accordance with this policy.
Information Collection and Use:
While using our Site, we may ask you to provide us with certain personally identifiable information that can be used to contact or identify you. Personally identifiable information may include, but is not limited to your name ("Personal Information").
Log Data:
Like many site operators, we collect information that your browser sends whenever you visit our Site ("Log Data"). This Log Data may include information such as your computer's Internet Protocol ("IP") address, browser type, browser version, the pages of our Site that you visit, the time and date of your visit, the time spent on those pages, and other statistics.
Cookies:
Cookies are files with small amount of data, which may include an anonymous unique identifier. Cookies are sent to your browser from a web site and stored on your computer's hard drive. Like many sites, we use "cookies" to collect information. You can instruct your browser to refuse all cookies or to indicate when a cookie is being sent. However, if you do not accept cookies, you may not be able to use some portions of our Site.
Security:
The security of your Personal Information is important to us, but remember that no method of transmission over the Internet, or method of electronic storage, is 100% secure. While we strive to use commercially acceptable means to protect your Personal Information, we cannot guarantee its absolute security.
Changes to This Privacy Policy:
This Privacy Policy is effective upon and will remain in effect except with respect to any changes in its provisions in the future, which will be in effect immediately after being posted on this page.
We reserve the right to update or change our Privacy Policy at any time and you should check this Privacy Policy periodically. Your continued use of the Service after we post any modifications to the Privacy Policy on this page will constitute your acknowledgment of the modifications and your consent to abide and be bound by the modified Privacy Policy.
If we make any material changes to this Privacy Policy, we will notify you either through the email address you have provided us, or by placing a prominent notice on our website.
Contact Us:
If you have any questions about this Privacy Policy, please contact us at info@litco.ng.
- Customer Service and Complaint Resolution Policy:
We are available 24/7 to provide with all necessary support. You can contact us via the chat icon box below, or send an email to billing@litco.ng
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