How it works
From download to money in your wallet
Everything happens in the Credx app. Here's each step, and what happens after you borrow.
Step 1
Download and sign up
Install Credx from the App Store or Google Play. Verify your phone number with a one-time code and create your login and transaction PINs.
Step 2
Verify your identity
Enter your BVN and NIN. We check them with the official records so no one else can borrow in your name. It takes a few minutes, and if anything needs a closer look our team reviews it.
Step 3
Join your workplace
Choose your employer. If it isn't on Credx yet, ask for it in the app and tell us who in HR, finance or management to talk to. Every colleague who asks makes the case stronger.
Step 4
Confirm your job and salary
Your employer decides how this works: HR approves your request, you connect your salary account securely, or you upload a recent bank statement for review.
Step 5
Set up automatic repayment
Authorise the account repayments are collected from. Repayments are then taken on your payday, so there is nothing to remember.
Step 6
Borrow
Pick an amount within your limit and a length of 1 to 12 months. The loan summary shows the interest, the total and every due date. Accept, and the money is paid into your Credx wallet.
Confirming your job
Three ways to confirm your salary
Your employer chooses which one applies. HR doesn't have to act before you can start.
HR approval
Your HR team gets your request in their Credx dashboard and approves it. Nothing for you to upload.
Open banking
Connect the account your salary is paid into. We see your salary payments, not your passwords, and only for this check.
Bank statement
Upload a recent statement as a PDF or photo. Our team reviews it and you're notified in the app.
After you borrow
Repayments come out on payday
Each instalment is due on your payday and collected automatically from the account you authorised.
- Repay early or make a manual payment from the app at any time.
- If a repayment is missed, nothing is charged for 7 days. After that a daily late charge applies until it's paid.
- Repay on time and your limit can grow with each loan.
