FREQUENTLY ASKED QUESTIONS (FAQ)
"It has a government registration license. And the Fees are in line with competitors, and could be lower. I only paid the Registration cost of my loan amount. And all the papers of the loan were forwarded to me to sign, i signed them and return it to them, and i received my loan fund the next 18 hours, i quickly went to my bank Wells Fargo Bank in Houston to confirm this, and my banker confirmed it, the loan amount was there, the sum of $470,000.00. Oscar Entrepreneur Venture is really here to help. I just hope that she would get more trust from people, because i really find it hard to trust her initially"
"OEV loan company is customer focused. The ongoing support is brilliant for a private loan company. It is this support that I've never experienced before that, coupled with their low interest rate and charges, has given my family the freedom to live after refinancing twice. Highly recommended. I find it very hard to pay the registration fee, because i never trusted them but i did, and i never regretted it."
"Great Online staff with excellent product knowledge, exemplary customer service and recommendations to suit our changing needs when requested. Though paying the registration fee was my initial problem, but i'm glad i did it"
"OEV have always been fantastic to deal with. They are understanding to my needs, and have always come to the party when I have needed extra financial help. Their staff is always very helpful and friendly, I'll be sticking with them for a while (well I kinda have to I have a mortgage with them, lol)"
What is Oscar Entreprenuer Ventures (OEV)?
Oscar Entreprenuer Ventures (OEV), is an Internet-based direct-to-consumer lender. We specialize in financing and servicing Business/Mortgage/Personal loans for customers with less-than-perfect credit
What is your minimum credit score?
We don’t have one. At Oscar Entreprenuer Ventures (Oscar Entreprenuer Ventures) we work with people with less than perfect credit so we expect a low score. Our approvals are based on equity in the form additional collateral or Registration payments.
When should i apply?
You should submit your secure online application by email to Oscar Entreprenuer Ventures when you are ready to acquire a loan. You will receive a loan decision via e-mail. Approvals are valid for 3 Business days.
At what rate do you lend?
We give out all loans at an interest rate of 3% per annum, with a monthly or an annual installment plans schedule
Can I pay my loan off early and will I be charged?
You may repay the loan in full at any time before the final payment is due. Details of how to do this are in the agreement papers. We calculate your settlement figure by first determining your ‘settlement date’. For a Personal Loan of less than, or equal to, one year we work out your settlement date by counting forward 28 days from the date we receive your request to settle early. If your loan agreement is longer than one year we are allowed to calculate the settlement date by counting forward for a further 30 days or one calendar month. We will charge interest up to your settlement date. If you entered into your agreement with us on or after 11 June 2010, you are entitled to make a partial repayment of your Personal Loan. Upon making a partial repayment you can choose whether to either reduce the term of your loan or your monthly repayment amount
I am an existing loan customer, how can I borrow more?
Contact us We will give you more details.
What Collateral do i provide to obtain a loan?
We usually require an equity based property as collateral for your loan acquisition. And this collateral or property must be located in our State Lagos, Nigeria. This property can either be a mortgage or anything that worth the amount of loan you are applying for.
What if i do not have a collateral? Can i still get funded?
Yes! That is what we call an unsecured loan, One thing about this alternative option is that it is a Non-collateral security kind of loan, Customers that we offer this kind of loan service to are mainly the ones that are outside Our State... They are Required to register their loan with our company, and they are required to pay the registration cost only... Because with an unsecured loan, we the lender can not automatically seize your property as payment for the loan if you default with the repayment. We can only report late payments and loan default to the credit bureaus for the necessary actions.
After this Registration payment, Do i have to pay another fee?
No! You will not have to pay a fee to us again. And your loan will be transferred to your bank account.
After the Payment of this fee, do i still need an insurance cover?
No! This registration is an insurance product that enables customers to insure repayment of loans if the borrower dies, becomes ill or disabled, loses a job, or faces other circumstances that may prevent them from earning income to service the debt. One thing about this registration payment is that it is a security obtained from banks here which is popularly known as bank securities. When you make this payment, we will obtain this non-collateral/security for you, it actually yield value which will eventually be equivalent to the loan you are obtaining during the stipulated duration of the loan. When you are unable to pay back the loan, we the issuing Company take the deposit/bank security which has yielded value as substitute for the loan.
If I'm able to provide a collateral, will i be obligated to pay for registration?
No! Once your collateral papers are reviewed and signed, your loan will be approved and transferred to you at once, without prepayment.
Note: That the review period is up to 3 weeks.
What documents do i need to sign?
Just Our loan contract document/loan agreement document and the letter of commitment.
Can i still Qualify for this loan even with a bad credit score?
Yes! Because at Oscar Entreprenuer Ventures (Oscar Entreprenuer Ventures), our goal is to help small and mid-sized business owners by providing a simple and convenient business loans. We focus on your business - not just a Credit Score. Contact us to see what information you need to provide.
How long does it take for a loan to get approved and transferred?
It takes a period of 2 to 3 business days to get the loan processed and 2 business day for the bank transfer. Because all loans funds are transferred via a bank to bank wire transfer.
Can I get a loan if I live outside Nigeria?
Yes, as long as certain criteria are met. As always, every situation is unique, so contact us to be sure you qualify.
Is my personal information secure?
What is the Message Center and why do I need to use it?
The message center is a secure area of the Oscar Entreprenuer Ventures, where you can communicate with your loan lender or Customer Care Specialist. You will send and retrieve messages to or from your Customer Care Specialist by message center. Oscar Entreprenuer Ventures does not use regular email to transmit confidential information because regular email is NOT secure. However, our Message Center IS fully secure. The message center is key in the loan application process.