Overview
Creditville is a comprehensive financial services group that commenced operations in 2013, offering a bouquet of services including loans, vehicle and asset financing, asset management, microfinance banking, and real estate services. Headquartered in Victoria Island, Lagos, with branches across Nigeria, Creditville has evolved into a proprietary fintech group serving various financial needs.
The platform primarily targets salary earners in Nigeria’s South-West, South-East, South-South, and North Central regions, providing accessible financial services through their C Money digital banking app. The app provides investment, savings, and lending services to Nigerians around the world, requiring only a Bank Verification Number (BVN), email address, and phone number to open an account.
Key Features
Digital Banking Services
Full-service banking through C Money app
Quick Loan Processing
Fast approval for salary earners
Investment Opportunities
Various investment portfolios and advisory services
Savings Accounts
High-yield savings with competitive rates
Bill Payments
Comprehensive utility and airtime payment services
Asset Management
Professional investment portfolio management
Multi-Channel Access
Mobile app, web platform, and physical branches
Pros & Cons
Advantages
- Licensed by CBN and SEC for regulatory compliance
- Multiple award-winning platform (Africa Finance Awards)
- Comprehensive financial services in one platform
- Quick account opening process
- NDIC protection for deposits
Limitations
- Limited to specific Nigerian regions
- Some user complaints about withdrawal delays
- Higher interest rates compared to traditional banks
- Limited international services
- Mixed customer service reviews
Security Features
Regulatory Compliance: Licensed by CBN and SEC
Deposit Insurance: NDIC protection coverage
Data Encryption: Standard banking-level encryption protocols
Fraud Prevention: Real-time transaction monitoring
Account Security: Multi-factor authentication systems
Pricing & Fees
| Service | Fee | Details |
|---|---|---|
| Personal Loans | 3-5% monthly | For salary earners, varies by amount and tenure |
| Savings Account | Up to 12% annually | High-yield savings with competitive returns |
| Investment Plans | 1-2% management fee | Annual management fee on investment portfolios |
| Fund Transfers | ₦10-50 per transaction | Depends on transfer amount and destination |
| Bill Payments | ₦0-20 service charge | Most bills have minimal or no charges |
| Account Maintenance | Free | No monthly maintenance fees |
Getting Started
Detailed Ratings
Final Verdict
Creditville stands as one of Nigeria’s fastest-growing loan companies with integrity-based practices and multiple industry awards. While the platform offers comprehensive financial services with proper regulatory backing, mixed customer reviews and regional limitations affect its overall appeal. Best suited for Nigerian salary earners seeking diverse financial services.