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Nairaland Forum / Nairaland / General / Investment / What Do I Need To Start A Loan Office In Nigeria? (204 Views)
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What Do I Need To Start A Loan Office In Nigeria? by Carcholce: 7:07pm On Mar 17 |
I need help to know what to put in place. I want to provide small to large loans to individuals and businesses with assets as collateral. Do I have to register with the government? Do I need a license to operate? Mods, please help me move to front page. Edakun!!! |
Re: What Do I Need To Start A Loan Office In Nigeria? by Ance4Liverpool: 7:25pm On Mar 17 |
You must be very wicked and you must be diabolic if not people go chop your money well well 1 Like |
Re: What Do I Need To Start A Loan Office In Nigeria? by alphaNomega: 8:01pm On Mar 17 |
That's how Otedola started. He can tell you a thing or two. |
Re: What Do I Need To Start A Loan Office In Nigeria? by dawnomike(m): 8:40pm On Mar 17 |
Carcholce:It depends on the scale of operation... Finance home or microfinance bank? If microfinance, you'll need either a state license or a national operation license coupled with meeting the CBN capital base quota. |
Re: What Do I Need To Start A Loan Office In Nigeria? by Nice2023(m): 8:56pm On Mar 17 |
Ance4Liverpool: It mentality like this that has created fear and made many young guys poor,miserable and without future. 1 Like 1 Share |
Re: What Do I Need To Start A Loan Office In Nigeria? by Nice2023(m): 9:02pm On Mar 17 |
Carcholce: I have been into this business for many years now...u can get a money lending license. It is usually within ur business jurisdiction through the court. If this money lending license is given to u in Lagos,u will not take it to Abuja. U need a lawyer to facilitate this one for u...and I can link u up if u are in Abuja. Another one is using Cooperative license which u can get from Federal ministry of Agriculture...which is what I am using. I have been into this business for 12years. |
Re: What Do I Need To Start A Loan Office In Nigeria? by HugeElephant(f): 5:07pm On Mar 18 |
Carcholce:start a microfinance first |
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