A loan refers to a type of credit (short, medium or long-term) used only to finance various capital projects, expansions, or lines of business for a set period of time. However, despite of who or where they are, zenith bank loans are beneficial especially in times of urgency. You would find it easier to apply for a loan if you possess an account with Zenith Bank.
Zenith bank loans provide a comprehensive range of loans such as personal loans, home loans, and SME loans that are accessible and structured to satisfy the financial requirements of its customers. Repayment methods includes bullet, ballon, or installment payments.
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Types of Loan Available in Zenith Bank
- Z- Woman Business Packages (SME Loans)
- MSME loans
- Creative industry financing initiative(CIFI)
- Overdraft
- Project Finance
- Term loan
- Lease
- LPO Finance
- Recievable discounting/ Invoice discounting
- Import finance facility
- Export finance facility
- Bond and Guarantee
- Syndicated Loans.
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Eligibility for a Zenith Bank Loan
Once you meet all the requirements set by the bank, they will quickly approve your loan. The age limit is a minimum of 18 years and less than 60 years, You also need to earn a minimum amount of 10,000 Naira per month as salary and not having any pre-existing loan with the bank or any other bank.
How much To Borrow From Zenith Bank
With the zenith bank salary advance loan, you can borrow upto 60% of your monthly income. The size of your business and the purpose of the loan, essentially determine how much money Zenith Bank will lend to you. Having a decent credit history, may also allow you to borrow more money.
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How to borrow money from Zenith Bank using USSD code
- Dial *966*00# from your mobile phone to begin
- you will receive a prompt that requires you to fill in the last four digits of your ATM card number
- It will display your account name confirming the authenticity of the information provided in No.2 above
- It will prompt you to create your four-digit pin
- Confirm your four-digit pin and you are all set for the eazy banking
