How To Apply For Zenith Bank Loan

Zenith Bank is a large financial service provider in Nigeria, with its headquarters in Victoria Island, Lagos.
It was founded by Jim Ovia in May 1990 and licensed as a commercial bank by the Central Bank of Nigeria. It remains one of the best banks in Nigeria and one of the earliest companies to invest in technology for online banking. Zenith bank loan offers come in various forms including Term loans, Lease, MSME loans, SME loans, Retail loans for schemes, Overdraft, and Education loans, amongst many others.

How To Apply for Zenith Bank Loan

To apply for a Zenith Bank loan, it is a prerequisite to have an active account with Zenith Bank.

To obtain a salary loan through the Zenith Bank Salary Loan Scheme application, fill in your details on the application form. The form will request your BVN, Next of Kin details, financial information, and agreement to terms and conditions.

To obtain an Eazy Loan via USSD, on your mobile phone, dial *966*11# and follow the instructions that follow.

SME-GMB Loans

Zenith Bank also offers SME-GMB (Small and Medium Enterprise- Grow My Business) loans which represents the unique and appealing proposition that the bank offers to micro, small, and medium-sized businesses.

Businesses will be required to open an SME-GMB account with Zenith Bank. The features of this account include:

• Zero opening balance
• AMF of N0.50k/ mile where monthly turnover is more than N40 million
• Minimum operating balance of N20,000
• Monthly account management fee (AMF) of N2,000

The perks of the SME-GMB loans include:

• Support to digitize the business processes and operations
• Swift and free enrolment on Google Business Profile to expose the business on the web for wider visibility and customer reach
• Capacity building with training and skills enrichment programs to build better management capabilities
• Customized SME card to track business expenses
• Business Protection Insurance for assets of the business at a discounted premium.

To obtain an SME-GMB loan, business owners can walk into any Zenith bank branch or fill out the enquiry form on the Zenith bank website to get contacted.

Documents required for a Zenith Bank loan:

• Utility bill (within the preceding 3 months).
• Valid ID – Driver’s ID, National ID or International passport.
• BVN.
• Signed post-dated cheques.
• Two Individual external guarantors with proper means of identification such as BVN with four (4) passport photographs, Identity Cards and a Letter of Intent to guarantee the loan.
• Three (3) months stamped statement of account.

Thanks for reading.

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