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:
- 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:
- 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:
- Visit a Zenith Bank branch with valid ID
- Get a loan application form
- Fill and submit the form with 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.
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.