More

    Zenith Bank Loan

    Zenith Bank Loan

    Probably you want to go Ona vacation with your loved ones or buy a house or even a car. You could also want to attain your zenith in your business by financing it. We’ll then, in this article, you will learn everything you need to know about Zenith Bank Loan. 

    Zenith Bank Loan

    Requirements

    One first thing I believe you would want to understand is the eligibility for Zenith Bank loans. If you are eligible, what documents are required from you?

    To better understand the eligibility criteria for Zenith Bank loans, we shall discuss individually the different types of loan offered by Zenith Bank, because each of them has some unique requirements.

    EDUCATION LOAN

    This is a loan specifically meant for educational purposes. To pay tuition fees or purchase textbooks and take care of other academic requirements. The requirements for the education loan are:

    1. A completed Application Form obtained from the bank.
    2. The ward/students parent or guardian must have salary account domiciled with Zenith bank.
    3. The student/ward must also have an account with Zenith bank.
    4. The invoice of school or tuition fees will be presented.

    With Zenith Bank education loan you can borrow a between N100, 000 to N500, 000. The loan tenor is 3 months for junior school and 6 months for tertiary level.

     CREATIVE INDUSTRY FINANCING INITIATIVE

    In collaboration with the Bankers’ Committee, the Central Bank of Nigeria (CBN) as part of the efforts to boost job creation in Nigeria, most importantly among the youth, has developed a Creative Industry Financing Initiative (CIFI) fund.

    This loan is only available to those in the below industries:

    Fashion, Information Technology, Movie Production, Movie Distribution, Music and Software Engineering. 

    The requirements for this particular Zenith Bank loan are:

    1. A letter of accepted Offer
    2. A Business Plan
    3. Documents showing the Board Resolution if it’s a corporate body.
    SME LOAN

    The purpose of the SME loan is to finance small and medium enterprises, especially in the following industries: Beauty or Style, Confectionery and Fitness.

    The basic requirements are:

    You must have a business account with Zenith bank of not less than 6 months old.

    Your business must be categorised in any of the approved sectors as listed above.

    There are other Zenith Bank loans like Overdraft Loan, Personal loan, Salary Advance loan, Asset acquisition/Car Loans and Mortgage Facility. 

    The basic requirements for these loans are:

    1. You must have a stable inflow of monthly income
    2. Your salary account or working account must be domiciled with Zenith Bank
    3. You must present a valid means of identification.
    4. A recent utility bill showing your address of residence is also required of you.

    How to apply

    To apply for any of the Zenith Bank as listed above, simply walk into the nearest Zenith Bank branch and obtain the loan application form.

    Go with supporting documents as listed above. Fill the form diligently and submit it alongside the documents required of you.

    Interest Rate

    The interest rate of the Zenith Bank loan is 9% per annum for almost all the loans listed above.


    Other Popular Banks That Gives Loans In Nigeria:


    Repayment

    The repayment of Zenith Bank loans is designed in a way to keep you away from stress. At the end of the month on the date due for repayment, the particular repayment amount will be deducted from your account. This is done until you pay all you owe.

    You can also make repayment through your debit cards online or via the ATM.

    The tenor of Zenith Bank loan vary with the category of loan. Some are in months while some run into years.

    Pros & Cons

    Pros Cons
    • Flexible repayment options
    • They offer good loan amounts.
    • They lend at an affordable interest rate.
    • Collateral required (in some loan)
    • Guarantor required (in some)

    Mobile App

    Zenith Bank has mobile app on which you can perform mobile banking operations.

    You can download it on your device’s peculiar app store.

    Customer Care

    The Zenith Bank customer care can be reached through either of these means:

    Via emial: zenithdirect@zenithbank.com

    Phone: 234-1-2787000.

    Official Website www.zenithbank.com
    Contact Number 234-1-2787000

    Branches & Head Office

    The Zenith Bank Head Office is located at Zenith Heights, Plot 87, Ajose Adeogun Street, Victoria Island, Lagos.

    Zenith Bank is dispersed across the country, having many branches. You can locate the closest Zenith Bank to you if you need any assistance.

    A few more banks you might be interested in: Grofin Loan,Grofin Loan,Access Bank Payday Loan

    Share

    Recent Posts

    Airtel family and friends 2020: Definitive Guide

    Airtel family and friends is a special tariff from Airtel Nigeria that allows subscribers to enjoy cheaper call rates to 5 numbers...

    Airtel Nigeria Data Plans: Subscription Codes & Prices

    Airtel Nigeria is undoubtedly one of the best leading global telecommunications companies in Nigeria. Its official name is (Bharti Airtel Limited),...

    Airtel Night Plan for 2020: Get 500MB for N25 & 1.5GB for N50

    Airtel Night Plan Airtel midnight browsing plans has been up and running for a while now. However, over the...

    Why should I secure my car with a GPS Tracker

    Often times, vehicle owners are puzzled with the dilemma of whether they should get a vehicle tracker installed in their vehicle. Jucai,...

    Ecobank sort codes and branches in Nigeria

    Ning For Not Studying Well, Using The Delusion Replaces The Truth, And The C2040-415 Certification Sister In Law Lsat Practice Tests Cannot Teach...

    Recommended Reads

    Etisalat Data Plan Subscription Codes – 9Mobile Data Plans

    Etisalat Data Plan Subscription Codes or better still 9Mobile Data Plans are one of the most searched terms online for smart phone users. However , Etisalat...

    How do I know if my SIM card is 4G?

    The simple and straightforward way to know if your SIM card is 4G compatible is to insert the SIM into a 4G smartphone, power...

    How To Recharge Glo Airtime & Buy Data On Glo

    Here's how to recharge Glo airtime and also transfer Glo data Did you just got a new Glo sim card and haven't loaded your Glo...

    Airtel Night Plan for 2020: Get 500MB for N25 & 1.5GB for N50

    Airtel Night Plan Airtel midnight browsing plans has been up and running for a while now. However, over the...

    How To Buy Airtime And Data From First Bank

    Here's how to buy airtime and data from First Bank Are you an old customer or a new First Bank account Holder, who would love...
    Zenith Bank Loan

    Related Articles

    Airtel family and friends 2020: Definitive Guide

    Airtel family and friends is a special tariff from Airtel Nigeria that...

    Airtel Nigeria Data Plans: Subscription Codes & Prices

    Airtel Nigeria is undoubtedly one of the best leading global telecommunications...

    Airtel Night Plan for 2020: Get 500MB for N25 & 1.5GB for N50

    Airtel Night Plan Airtel midnight browsing plans has been...

    Why should I secure my car with a GPS Tracker

    Often times, vehicle owners are puzzled with the dilemma of whether they...
    Previous articleFerratum Loan
    Next articleQuickcheck Loan