frequently asked question
Loans, Savings And Investment FAQS

HOW DO I MAKE MY REPAYMENTS?

  1. 1. Cash deposit or transfer into any designated Trakade Resource Ltd accounts:
  2. 2. Remita
  3. 3. Cheques: The cheques deposited as part of your loan documentation will be presented to your bank on your due date. Please make sure you have enough funds to cover repayment.
  4. 4. You can also make payment on our platform with the use of your debit or credit ATM card.

AM I ELIGIBLE FOR A TRAKADE LOAN?/ WHY AM I NOT QUALIFIED FOR A LOAN?

To qualify for a loan, you must:

  • 1. Be between 25 – 59 years old
  • 2. Have a verifiable source of income
  • 3. Live and / or work in cities where we operate
  • 4. Have a savings or current bank account with any commercial bank
  • HOW MUCH CAN I BORROW AND FOR HOW LONG?

    You can get loan of N50,000.00 and above

    HOW DO I APPLY?

    Please visit our website trakaderesources to apply or call us

    HOW LONG DOES IT TAKE TO PROCESS A LOAN?

    Your loan process can be completed in 24 hours provided all documents are complete, valid & presented on application.

    HOW DOES TRAKADE CALCULATE INTEREST RATE?

    Trakade uses a Risk Based Pricing model which estimates the risk of lending to each applicant and prices accordingly.

    HOW LONG CAN I PAY BACK MY LOAN?

    Our maximum loan repayment tenure is 12months.

    ONCE PROCESSING FEE IS PAID, WHEN WILL I GET MY LOAN?

    Disbursement happens few hours after payment of processing fee.

    I RECEIVE MY SALARY IN CASH, CAN I APPLY FOR A LOAN?

    We will require your salary bank statement to process your application.

    I AM A STUDENT; CAN I GET A LOAN?

    You must be over 25 years and have a regular source of income to apply for a loan.

    WHAT DOCUMENTS DO I NEED TO APPLY FOR A LOAN?

    You need your 6 months bank statement,salary cheques(if employee),guarantor,s cheques, a government issued and work ID card and utility bill (optional).

    WHY DOES TRAKADE NEED MY BVN?

    This is a CBN policy applicable to financial institutions as part of KYC requirements.

    DOES TRAKADE PERFORM A CREDIT BUREAU CHECK?

    Yes, we do.

    WHY WAS MY LOAN REQUEST NOT APPROVED?

    Based on the documents provided by you, you do not meet the full requirements to access a loan.

    HOW CAN I SEND MY BANK STATEMENT TO TRAKADE RESOURCES?

    You can do this through different ways

  • 1. Your Bank: Ask your bank account officer to send your statement to info@trakaderesources.com.
  • 2. Bring a hard copy of your stamped & signed bank statement toour office. This is still subject to verification.
  • WHY WAS I BLACKLISTED?

    You may have been blacklisted because you contravened our business policies.

    I AM SELF EMPLOYED WITH A GOOD CASH FLOW; WHY WAS I DECLINED?

    Based on the documents provided by you, you do not meet the full requirements to access a loan.

    WHY WAS I OFFERED LESS THAN WHAT I APPLIED FOR?

    Your debt-to-income ratio may not be able to accommodate your loan request.

    HOW DO I GET CONFIRMATION THAT MY LOAN HAS BEEN APPROVED?

    Your account officer will inform you once your loan is approved.

    When It Comes To Loans, Savings And Investment, Trakade Offers an Exciting Starting Point