Zenith Bank offers convenient loan options for individuals and businesses in Nigeria. You can access these loans quickly without the need for collateral. Here’s how:
- Types of Loans: Zenith Bank provides various loan types, including personal loans and business loans.
Personal Loans:
- Salary Advance: Get up to 60% of your monthly salary.
- Personal/Consumer Loans: Borrow money for personal needs.
- Education Loan: Short-term funding for tuition fees.
- Asset Acquisition/Car Loans: Finance vehicle or asset purchases.
Business Loans:
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- MSME loans
- Overdraft
- Creative Industry Financing
- LPO finance
- Z-woman business package
- Export and import finance
- Project Finance
- Syndicated loans
- Lease
- Receivable discounting
- Bonds and Guarantees
- Term loan.
Eligibility Criteria
To apply for a loan, you need to:
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- Be at least 18 years old
- Have an active Zenith Bank account
- Receive a monthly income of at least N10,000
- Have a good credit history
How to Apply:
You can apply for a Zenith Bank loan through various methods:
USSD Code
- Dial *966# and select “Loan” option
- Follow prompts, enter details, loan amount, and tenor
- Confirm your request
Mobile App
- Log in to the Zenith Bank app
- Click “More,” then “Product & Services”
- Select “Request Loan,” enter details, amount, and tenor
- Submit application
In-person:
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- Visit a Zenith Bank branch with valid ID
- Get a loan application form
- Fill and submit the form with the required documents
- Await loan approval and disbursement
Interest Rates: Interest rates vary based on the loan type. Check the Zenith Bank website for current rates.
Loan Repayment: Zenith Bank will deduct the loan amount from your account on the due date. Ensure sufficient funds are available.
FAQs
What is the Zenith Bank loan code?
The Zenith Bank loan code is 96611#, a USSD code that allows customers to apply for a quick loan directly from their mobile phones. This service is available to Zenith Bank account holders with a registered phone number linked to their account.
How do I apply for a loan using the Zenith Bank loan code?
To apply for a loan, dial 96611# from the mobile number linked to your Zenith Bank account. Follow the prompts to select the loan amount and confirm your application. Ensure you meet the eligibility criteria, such as maintaining an active Zenith Bank account and having a good transaction history.
What are the eligibility requirements for borrowing money from Zenith Bank?
To qualify for a loan, you must have a Zenith Bank account, a registered phone number linked to the account, a satisfactory credit score, and a consistent transaction history. Your eligibility and loan limit will be determined during the application process.
How long does it take for the loan to be disbursed?
Once your loan application is approved, the funds are typically credited to your Zenith Bank account within minutes. However, delays may occur in some cases due to system or network issues.
Getting a loan from Zenith Bank is straightforward and can be done using your phone or by visiting a branch. Remember to meet eligibility criteria, choose the right loan, and plan for timely repayment.
Also Read: Top 15 Loan Companies in Nigeria & Their Interest Rates