Why Vale Loan?
Quick, Easy & Seamless
No collateral Required
Payback period up to 24 Months
Access up to N5 million
Asset Finance Loan
The quality of your lifestyle matters as much to us as it does to you.
That is why we give you the means to purchase assets that improve your quality of
life. From cars to office equipment, household appliances or gadgets, a need shared
with Vale is a need met.
Business Loan
Our Business Loans are designed to meet the capital needs of small and
medium scale enterprises who require funds to sustain healthy and positive business
cash-flows and/or to expand their capacities and operations. We offer loans for
Working Capital requirements, Assets acquisition, Invoice Discounting (ID) and Local
Purchase Order (LPO) financing.
How it works
Apply Now
Access the online loan application navigation on our website, and fill the stepwise form correctly, so as to get approval for your loan application.
Get Approved
Your loan approval verification starts immediately after your online applicaion, you will be notified within 24 hours via your phone number or email for further clarification and approval.
Get Funded
Cash is disbursed within 48 hours after your loan application has been approved.it is a fast, effortless and simple process.
Repay Your Loan
After disbursal, a dashboard will be opened for you so as to monitor your loan repayment.Remember payment of loans grant you quick access to subsequent loans.
Loan Requirements
Device Financing
- Completed online application form Here
- Valid Proforma Invoice from an approved distributor, dealer, vendor or supplier (Invoice to be issued in the name “Vale Limited”)
- Applicants’ equity contribution (40% to 50% of the invoice value; exclusive of fees)
- Applicant’s valid residential utility bill (not older than three (3) months)
- Six(6) Months’ Salary Account Statement
- Applicant’s employment letter, confirmation letter or promotion letter (whichever is most recent)
- Applicant’s Official Work ID
- Applicant’s passport photo
- Applicant’s Valid ID (National ID, Int’l Passport, Drivers License)
- Applicant’s repayment cheques (number is subject to loan tenor)
- Global Auto-Debit Direct Mandate on Applicant’s Account
- Cost of Asset Insurance
Salary Earner Loan
- Completed online application form Here
- Six(6) Months Salary Account Statement
- Applicant’s valid residential utility Bill (not older than three (3) months)
- Applicants passport photo
- Applicant’s Official Work ID
- Applicant’s Repayment Cheques (number is subject to loan tenor)
- Global Auto-Debit Direct Mandate on Applicant’s Account
- Two (2) capable and reliable loan guarantors (Guarantors’ income must be higher than applicants’)
- Guarantors’ valid ID (National ID, Driver’s License, International Passport)
- Guarantors’ two (2) cheques each (signed but undated)
- Guarantors’ passport photo of each
- Guarantors’ Proof of Networth or Three (3) months Bank Statement (cash-flow/earnings/capacity)
- Guarantors’ Work ID
- Global Auto Direct Debit Mandate on Guarantors’ Account
Self Employed Loan
- Completed online application form Here
- Applicants’ Six(6) Months Bank Statement (Personal & Business)
- Applicants’ valid utility bill (not older than three (3) months)
- Applicants’ passport photo)
- Request letter on company letterhead
- Company CAC Registration documents (Certificate, CAC2 and CO7, MEMART)
- Applicants’ Valid ID (National ID, Driver’s License, International Passport)
- Applicants’ Repayment cheques (subject to loan tenor)
- Two (2) capable and reliable loan guarantors (Guarantors’ income must be higher than applicants’)
- Guarantors’ valid ID (National ID, Driver’s License, International Passport)
- Guarantors’ two (2) cheques each (signed but undated)
- Guarantors’ passport photo of each
- Guarantors’ Proof of Net Worth or Three (3) months Bank Statement (cash-flow/earnings/capacity)
- Guarantors’ Work ID
- Global Auto Direct Debit Mandate on Guarantors’ Account
Individual Asset Financing
- Completed online application form Here
- Valid Proforma Invoice from an approved distributord, ealer, vendor or supplier (Invoice to be issued in the name “Vale Limited”)
- Applicants’ equity contribution (40% to 50% of the invoice value; exclusive of fees)
- Applicant’s valid residential utility bill (not older than three (3) months)
- Six(6) Months’ Salary Account Statement
- Applicant’s employment letter, confirmation letter or promotion letter (whichever is most recent)
- Applicant’s Official Work ID
- Applicant’s passport photo
- Applicant’s Valid ID (National ID, Int’l Passport, Drivers License)
- Applicant’s repayment cheques (number is subject to loan tenor)
- Global Auto-Debit Direct Mandate on Applicant’s Account
- Cost of Asset Insurance
Corporate Asset Financing
- Completed online application form Here
- Valid Proforma Invoice from an approved distributor, dealer, vendor or supplier (Invoice to be issued in the name “Vale Limited”).
- Applicants’ equity contribution (40% to 50% of the invoice value; exclusive of fees)
- Applicants’ valid utility bill (not older than three (3) months)
- Applicants’ Company Six(6) Months Bank Statement
- Request Letter on company letterhead
- Company CAC Registration documents (Certificate, CAC2 and CO7, MEMART)
- Applicants’ Repayment cheques (subject to loan tenor)
- Two (2) capable and reliable Loan Guarantors; one must be the MD/Director in the Corporate organisation applying (Guarantors’ income/net worth must justify debt amount)
- Guarantors’ valid ID (National ID, Driver’s License, International Passport)
- Guarantors’ two (2) cheques each (signed but undated)
- Guarantors’ passport photo of each
- Guarantors’ Proof of Networth or Three (3) months Bank Statement (cash-flow/earnings/capacity)
- Guarantors’ Work ID
- Global Auto Direct Debit Mandate on Guarantors’ Account
- Cost of Asset Insurance
Individual Auto Financing
- Completed online application form Here
- Valid Proforma Invoice from an approved distributor/dealer/vendor/supplier (Invoice to be issued in the name “Vale Limited”).
- Applicants’ equity contribution (40% to 50% of the invoice value; exclusive of fees)
- Applicant’s valid residential utility bill (not older than three (3) months)
- A Valid Utility Bill (not older than three (3) months
- Six(6) Months’ Salary Account Statement
- Applicant’s employment letter/confirmation letter/promotion letter (whichever is most recent)
- Applicant’s Official Work ID
- Applicant’s passport photo
- Applicant’s Valid ID (National ID, Int’l Passport, Drivers License)
- Applicant’s repayment cheques (number is subject to loan tenor)
- Global Auto-Debit Direct Mandate on Applicant’s Account
- Deposit cost of Vehicle Inspection and Evaluation Report
- Deposit cost of Vehicle Registration
- Deposit Cost of Comprehensive Insurance (+ Car tracking)
- Submission of Vehicle spare key; to be held by Vale capital till final payment
- Submission of Car documents registered under Vale Limited
- Comprehensive insurance issued on vehicle
- Installation of car tracker
Other conditions
Corporate Auto Financing
- Completed online application form Here
- Valid Proforma Invoice from an approved distributor/dealer/vendor/supplier (Invoice to be issued in the name “Vale Limited”).
- Applicants’ equity contribution (40% to 50% of the invoice value; exclusive of fees)
- Applicant’s valid Business utility bill (not older than three (3) months)
- Six(6) Months’ Business Account Statement
- Company CAC Registration documents (Certificate, CAC2 and CO7, MEMART)
- Applicant’s repayment cheques (number is subject to loan tenor)
- Global Auto-Debit Direct Mandate on Applicant’s Account
- Deposit cost of Vehicle Inspection and Evaluation Report
- Deposit cost of Vehicle Registration
- Deposit Cost of Comprehensive Insurance (+ Car tracking)
- One (1) capable and reliable Loan Guarantor; the MD or Director in the Corporate organisation applying (Guarantors’ income/net worth must justify debt amount)
- Guarantor’s valid ID (National ID, Driver’s License, International Passport)
- Guarantor’s two (2) cheques each (signed but undated)
- Guarantor’s passport photo of each
- Guarantor’s Proof of Networth or Three (3) months Bank Statement (cash-flow/earnings/capacity)
- Guarantor’s Work ID
- Submission of Vehicle spare key; to be held by Vale capital till final payment
- Submission of Car documents registered under Vale Limited
- Comprehensive insurance issued on vehicle
- Installation of car tracker
other conditions
Invoice Discounting Facility
- Completed online application form Here
- Validly approved Invoice; stamped by contract employer
- Contract Documents - (Certificate of Completion, Contract Award letter etc.)
- Evidence of past contracts and payment history
- Applicant’s Six (6) Month’s Bank Account Statement
- Applicant’s Company’s CAC Registration Documents; CAC Certificate, CO2 and CAC7, MEMART)
- Board Resolution accepting the offer of the Invoice Discounting Facility
- Valid Utility Bill on Business address (not older than three (3) months)
- Applicant’s Repayment Cheques (subject to the loan tenor)
- Direct Debit Activation on Remita (subject to mandate by Vale)
- Personal Guarantee of the Managing Director (Click to download)
- Valid ID of the Managing Director (National ID, Driver’s License, International Passport)
- One (1) passport photo of the Managing Director
- Two (2) Signed personal Cheques of the MD of the company
- Three (3) Months Bank Statement of the Managing Director’s personal account
Local Purchase Order
- Completed online application form Here
- Confirmed Local Purchase Order; stamped by contract employer
- Contract Documents - (Certificate of Completion, Contract Award letter etc.)
- Contract Procurement details and Supplier’s Information
- Evidence of past contracts and payment history
- Applicant’s Six (6) Month’s Bank Account Statement
- Applicant’s Company’s CAC Registration Documents; CAC Certificate, CO2 and CAC7, MEMART)
- Board Resolution accepting the offer of the Local Purchase Order Facility
- Valid Utility Bill on Business address (not older than three (3) months)
- Applicant’s Repayment Cheques (subject to the loan tenor)
- Direct Debit Activation on Remita (subject to mandate by Vale)
- Personal Guarantee of the Managing Director (Click to download)
- Valid ID of the Managing Director (National ID, Driver’s License, International Passport)
- One (1) passport photo of the Managing Director
- Two (2) Signed personal Cheques of the MD of the company
- Three (3) Months Bank Statement of the Managing Director’s personal account
On a mission to create value through investment products and financial services as the financial intermediary of choice across our target markets
Regulated by the Central Bank of Nigeria (CBN) as a Finance Company, and a member of the Finance Houses Association of Nigeria (FHAN).
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