Terms and conditions of operation

1. Clause 1

   Loan types and monthly charging

   Loans and interest are considered month by month. The product list updated by management on 3 October 2026 has seven packages: personal, PayDay, emergency/bereavement, farming, small business, festival seasons business, and medium business loans. Every application is assessed by people.

2. Clause 2

   Not to companies or groups

   Loans are not issued to registered or unregistered companies or groups.

3. Clause 3

   Amounts

   Loans are considered in blocks of ₦50,000. Management’s 3 October 2026 package list sets ₦50,000–₦500,000 for six packages, and ₦50,000–₦2,000,000 for medium business loans. The 2026 PDF states the overall maximum; individual package limits apply.

4. Clause 4

   Interest

   Monthly interest is charged from 3% for each block of ₦50,000, except where a special bonus or discount is offered. Figures on this website are not a personal quote. The rate that applies to you is confirmed on your file.

5. Clause 5

   Collateral assessment fee

   A collateral assessment fee is charged at 3% of the amount applied for, or as otherwise approved. That fee is a separate step. This website does not collect it online.

6. Clause 6

   Late repayment

   A late fee of 5% of the amount then due may be charged for each month the loan and/or interest remains unpaid, or as otherwise assessed.

7. Clause 7

   Two guarantors

   Two guarantors are required, with recent passport photographs and traceable proof that they could repay the principal and interest if needed.

8. Clause 8

   Collateral in the company’s possession

   Valuable collateral is to be provided and deposited with, or deemed to remain in the possession of, MaryPius Credit Limited for the duration of the loan, and returned when principal and agreed interest are fully repaid. The applicant must not sell, dispose of, or damage the collateral while the loan exists.

9. Clause 9

   Type of collateral

   The nature and size of the loan determine what collateral is required or may be requested.

10. Clause 10

    Application windows and timing

    The 2026 terms mention three application trenches in a calendar year: January, May, and August, and a decision window of about 2 to 8 weeks. Paper forms collected from the office were to be completed and handed in within two weeks. Applying on this website does not by itself block other months, but staff may still follow those operating windows. There is no guaranteed approval time.

11. Clause 11

    No consolidation

    There is no loan consolidation. An existing loan (principal and interest) must be paid off before a new loan is applied for or approved. Unpaid principal and unpaid interest may each attract the monthly 5% charge.

12. Clause 12

    How money moves

    The terms require payments (assessment fees, interest, principal, and other sums) to be made by online banking or transfer, with deposit receipts brought to the office for documentation. This website does not take those payments.

13. Clause 13

    Early repayment

    Principal and interest may be paid before the end of the term, but agreed interest for the period of the loan is still payable in full. A 2% discount for early repayment may be considered if repayment is made within the first two months, where the loan duration is six months or more.

14. Clause 14

    Existing businesses, not start-ups

    Loans are for existing private businesses, not start-ups, except in special cases that require strong, easily disposable collateral held by MaryPius Credit Limited.

15. Clause 15

    Pay-day and emergency loans

    Pay-day and emergency loans are attached to salaries or other documented income and/or disposable collateral held by the company.

16. Clause 16

    How long files are kept

    Approved and unapproved applications are kept for at least five years.

17. Clause 17

    No guarantee of approval

    There is no guarantee that a loan will be approved or issued. Each application is assessed on its own facts.

18. Clause 18

    Cost of the form

    A paper application form is charged only at the cost of printing or photocopying. A free electronic copy may be provided so an applicant can download, print, and apply. The form on this website is that free electronic path. Company documents remain MaryPius Credit Limited’s materials.

19. Clause 19

    When the assessment fee is charged

    A processing / collateral assessment fee is charged if a loan is approved, at the percentage set out in the terms (3% of the amount applied for, unless otherwise approved).

20. Clause 20

    Returning a paper form

    Completed paper forms must be delivered in person to a MaryPius Credit Limited office. If you apply on this website, the electronic form is received by the company. You may still be asked to bring supporting documents, photographs, and guarantor papers to the office.

21. Clause 21

    Supporting documents and photographs

    Required supporting documents, and two recent passport photographs of the applicant and of each guarantor, must be provided.

22. Clause 22

    Acceptable proof of assets

    Supporting documents must be current, unexpired, and enforceable. Examples in the terms include a registered power of attorney, certificate of occupancy, registered deed of customary inheritance, unexpired vehicle or motorcycle ownership papers, and original proof of purchase of valuable items.

23. Clause 23

    Physical assessment

    MaryPius Credit Limited may physically assess home addresses, business addresses, and collateral provided by the applicant and/or guarantors, on an agreed date and time.

24. Clause 24

    Collateral declaration

    All sections of the collateral declaration must be completed by the applicant and the guarantors.

25. Clause 25

    Who may apply or guarantee

    Applicants, guarantors, and witnesses must be Nigerians, 18 or older, of sound mind, with valid addresses, and without criminal records or records of bankruptcy or financial misappropriation. This website does not collect health questionnaires (smoking, HIV, cancer, and similar items on the paper form). Those questions are not used in the website’s affordability calculation.

26. Clause 26

    Recovery

    MaryPius Credit Limited reserves the right to take lawful steps to recover approved loans, costs, interest, and principal.

27. Clause 27

    How to contact the company

    Walk in to the head office or the Abakaliki drop-in office, or use the Telephone/WhatsApp numbers on the contact page.

Signed, Management, 2026. Telephone/WhatsApp: +234 812 407 1478 · +234 703 964 3501 · +234 808 226 7805. See contact and privacy.