The Nigerian Government has made it easy for civil servants to access loans easily and fast. One of the loans you can access as a Nigerian Civil servant is the IPPIS loan. The IPPIS loan is a new credit scheme in Nigeria that is reserved just for civil servants. To apply for this scheme, you will have to provide your IPPIS number. Here, we’ll discuss how to apply for loans and access them on the IPPIS online platform.
An Overview of IPPIS Loan
Integrated Payroll and Personal Information System, popularly known as IPPIS is a scheme designed by the Federal government of Nigerian to help manage and operate the overall economic flow of employees’ salaries across government and intergovernmental establishments.
Essentially, this scheme helps by paying government employees their salaries on time and also by deducting third-party payments automatically. Also, IPPIS provides easy and fast soft loans to government workers regularly. If you work with the Nigerian government, you can easily access this loan when you apply for it.
Who Is Eligible To Apply For The IPPIS Program?
Only staff who are hired in government organizations or departments can apply for the IPPIS loan scheme. This allows the government to easily access your salary account to pay in the funds. Also, when your loan is due for repayment, it will easily be deducted from your salary account.
How Can I Apply For An IPPIS Loan?
To apply for the IPPIS instant loan for civil servants, follow these simple steps:
1. Visit their website, www.ippis.gov.ng
2. Next, open the menu on the website and tap on enrollment. Enrol on the platform.
3. Thereafter, you can apply for your instant loan via your State HR. You will need your IPPIS Number to apply for this loan.
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What Documents Do I Need To Apply For IPPIS Loan In Nigeria?
Here is a list of the crucial documents you will need if you want to apply for the IPPIS loan as a Nigerian civil servant:
1. Your IPPIS number
2. Bank statement of account
3. Bank Verification Number (BVN)
4. Salary Payslip
5. You need to provide either your Deployment/ Employment/Confirmation letter
6. Work ID card
7. A valid National ID card
What Are The Eligibility Requirements For The Loan?
To apply for this loan and access it successfully, you have to meet these requirements:
1. Your credit history must be good. Also, you must not be indebted to any loan platform or agency.
2. You must be a fully-fledged federal government employee working in Nigeria.
3. You must not borrow more than 70% of your total salary. If you do, your application will be rejected.
4. You must provide all the crucial requirements for the loan.
What Is The Maximum Amount of Loan Can I Access On IPPIS?
The total amount of loan you can borrow from the IPPIS scheme primarily depends on your earning. As stated earlier, you can’t borrow more than 70% of your salary. So if you plan to borrow more than that, they will deny you access to the loan.
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Are You Credit Worthy?
Creditworthiness is a very important factor that determines if you end up getting a loan from IPPIS or not. Therefore, if you are indebted to any agency or loan platform, ensure that you pay back this loan before you apply for a loan from IPPIS. Do this to increase your chances of obtaining the loan.
IPPIS Loan USSD Code
Presently, there is no USSD code for the IPPIS loan. Hence, the only way you can apply for the loan is through the process we listed above.
How Can I Contact IPPIS?
You can reach out to the IPPIS platform via the following ways:
Address: Office of the Accountant-General of the Federation, Treasury House, Ladoke Akintola Boulevard, Garki 11, Abuja
Phone Number: +234 908 700 573 5
Email Address: support.ippis.gov.ng
Website: www.ippis.gov.ng
Bottom Line
The IPPIS loan scheme serves as a form of financial relief for civil servants who need emergency funds to meet their needs. Once you borrow the loan, a part of it will be deducted from your salary every month when it’s time for repayment. So, repayment is automatic and you don’t need to bother about it. Once you have a good credit score and your IPPIS number, there is a huge chance that your loan will be approved.
