– Zenith Bank Loans –
Zenith Bank Loans – From time to time in life and business, we need a little or a lot more money than we have to meet certain pressing financial goals. In this article, we will guide you through how to get a Zenith Bank loan.
Zenith Bank Loan
So, whether it is a personal loan to buy a house or go on a vacation, or a structured credit facility to achieve mission-critical business goals, Zenith Bank can offer tailor-made loan solutions to all your cash-flow challenges.
We can receive the loan through an Overdraft which allows the borrower to draw a certain amount over the credit balance in their current account within a specified tenor usually not exceeding 12 months.
An overdraft is a loan arrangement under which a bank extends credit up to a maximum amount/overdraft limit. Against which a current account customer can write checks or make withdrawals.
Pros
i. Revolving overdraft.
ii. Maximum tenor of twelve months.
iii. Flexible conditions.
Cons
a. Salaried employment required.
b. Zenith bank account required.
Requirements
- Completed Application Form.
- Zenith account required.
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Z-Woman
Z-Woman is our single-digit loan product for female-owned businesses for all sectors primarily geared toward growing our SME sub-sector and diversifying our customer base.
Eligibility
Female-owned businesses with a shareholding of 55% & above
Purpose
Business Expansion (Working Capital Requirements, Purchase of Raw Materials, Raw Materials & Infrastructure upgrade)
Sectors
Beauty/Style, Confectionery, Fitness, Agriculture & Others
Rate: 9% p.a
Maximum Loan Amount: N10M
Loan tenor: 12 to 24 months
Repayment
Monthly or quarterly repayments in line with customer’s cash flow from sales/collections into account with Zenith Bank
Management Fee: 1% flat
Security
Acceptance of the BVN covenant, Personal guarantee of the customer, Insurance, Positive Credit Checks, and Company Profile
How to Apply
To apply for Z-Woman Business Package, simply visit the nearest Zenith Bank branch.
Inquiries
For more inquiries, kindly email
Retail Loan for Schemes
1. Salary Advance – a revolving credit with a clean-up cycle availing up to 60% of your net monthly salary. This is a flexible funding solution that will help address short-term financial needs.
2. Personal/Consumer loans to finance personal needs.
3. Asset acquisition/Car Loans to finance the purchase of vehicles or acquisition of household assets.
Mortgage Facility – This is designed to fulfill your aspiration to purchase your dream house with ease.
For more details on any of our retail loans, kindly call 012787000 or send a mail to
Retail Loan for Non-Schemes
1. Personal/Consumer loans to finance personal needs.
2. Asset acquisition/Car Loans to finance the purchase of vehicles or acquisition of household assets.
3. Mortgage Facility – This is designed to fulfill your aspiration to purchase your dream house with ease.
For more details on any of our retail loans, kindly call 012787000 or send a mail to
Education Loan
Education is the bedrock of social and economic development and our education loan scheme is designed to provide short-term funding to enable parents/guardians to pay tuition fees for their children/wards.
Features
1. Minimum Facility amount N100,000
2. Maximum Facility amount N5,000,000
3. School fees will be paid directly to the child/ward’s school.
4. Maximum tenor of 3 months (Junior School), Maximum tenor of 9 months (Tertiary Institution)
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Requirements
1. Completed Application Form
2. The parent/guardian must have a salary account domiciled with the bank.
3. The child/ward must have an account with the bank.
4. Invoice of school /tuition fees
Creative Industry Financing Initiative (CIFI)
Zenith Bank Loans: The (CBN) in collaboration with the Bankers’ Committee as part of efforts to boost job creation in Nigeria, particularly among the youth, has developed a Creative Industry Financing Initiative (CIFI) fund.
Eligible activities/businesses
1. Fashion
2. Information Technology
3. Movie Production
4. Movie Distribution
5. Music
6. Software Engineering student Loan
Terms and Condition of the Scheme
1. Fashion
Facility Amount: dependent on the project requirement
Tenor: Up to 10 years
Pricing: 9% p.a.
2. Information Technology
Facility Amount: Dependent on the project requirement
Tenor: Up to 10 years
Pricing: 9% p.a.
3. Movie Production
Facility Amount: Up to N30million
Tenor: Up to 10 years
Pricing: 9% p.a.
4. Movie Distribution
Facility Amount: Up to N500 million
Tenor: Up to 10 years
Pricing: 9% p.a.
5. Music
Facility Amount: Dependent on the project requirement
Tenor: Up to 10 years
Pricing: 9% p.a.
6. Software Engineering Students
Facility Amount: Up to N3million
Tenor: Up to 3 years
Pricing: 9% p.a.
Documents Required for Disbursement
1. Accepted Offer Letter
2. Business Plan
3. Board Resolution (if corporate)
– For More Information
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FAQs on Zenith Bank Loans
Below are the frequently asked questions on Zenith Bank Loans
1. What is the code for Zenith easy loan?
The Zenith bank loan USSD code is *966#.
2. Does Zenith Bank give payday loan?
Zenith Bank offers its customers the Zenith bank loan – a scheme designed to meet short-term expenses that may come up before the next payday.
3. How can I transfer money from Zenith Bank without debit card?
To transfer money from Zenith bank to friends and family, kindly Dial *966*Amount*Account Number# (e.g. *966*5000*1233567892#) from the phone number you registered with Zenith Bank, then
follow the on-screen prompts.
4. How do I activate Zenith mobile transfer?
Dial the Zenith bank transfer code on your phone, i.e., *996#
5. What is USSD pin in Zenith Bank?
Simply dial *966*00# with your AlertZ number.
6. Can I make a transfer without ATM card?
Yes, you can.
7. Does Zenith Bank do MoneyGram?
With Zenith’s MoneyGram services, we assure you of receiving your money from Monday through Friday nationwide and from selected locations.
8. Can I use online banking without ATM card?
You can activate your net banking account without visiting a bank branch just by entering your debit card details
9. Can I receive dollars in my Zenith Bank account?
Yes, you can.
10. What is sort code number?
A sort code is a 6 digit number that identifies your bank
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StudentsandScholarship Team.
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