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Need to fund a new world order?

We offer a wide assortment of loan types to cater to every business contingency.

Loans

Ideas capable of reshaping our world often require vast sums of money to bring to life. Our loans have never met an idea they couldn’t birth. So bring on the big ideas and let’s change the world together.

RETAIL LOANS FOR SCHEMES

  • 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.
  • Personal/Consumer loans to finance personal needs.
  • Asset acquisition/Car Loans to finance purchase of vehicles or acquisition of household assets.
  • Mortgage Facility – This is designed to fulfil 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 zenithdirect@zenithbank.com

APPLY NOW

RETAIL LOANS FOR NON-SCHEMES

  • Personal/Consumer loans to finance personal needs.
  • Asset acquisition/Car Loans to finance purchase of vehicles or acquisition of household assets.
  • Mortgage Facility – This is designed to fulfil 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 zenithdirect@zenithbank.com

APPLY NOW

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 pay tuition fees for their children/wards.

FEATURES

  • Minimum Facility amount N100,000
  • Maximum Facility amount N5,000,000
  • School fees will be paid directly to child/ward’s school.
  • Maximum tenor of 3 months (Junior School) , Maximum tenor of 9 months (Tertiary Institution)

REQUIREMENTS

  • Completed Application Form
  • Parent/guardian must have salary account domiciled with the bank.
  • Child/ward must must have an account with the bank.
  • Invoice of school /tuition fees

CREATIVE INDUSTRY FINANCING INITIATIVE (CIFI)

The Central Bank of Nigeria (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

 

 Abridged Terms and Condition of the Scheme

  1. Fashion

Facility Amount: dependent on project requirement
Tenor: Up to 10 years
Pricing: 9% p.a.
 

  1. Information Technology

Facility Amount: Dependent on project requirement
Tenor: Up to 10 years
Pricing: 9% p.a.
 

  1. Movie Production

Facility Amount: Up to N30million
Tenor: Up to 10 years
Pricing: 9% p.a.
 

  1. Movie Distribution

Facility Amount: Up to N500 million
Tenor: Up to 10 years
Pricing: 9% p.a.
 

  1. Music

Facility Amount: Dependent on project requirement
Tenor: Up to 10 years
Pricing: 9% p.a.
 

  1. 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. 2. Business Plan
  3. Board Resolution (if corporate)

CBN CIFI CIRCULAR

SME LOANS

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

Purpose

Female owned businesses with shareholding of 55% & above

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 customer’s cash flow from sales/collections into account with Zenith Bank

Management Fee

1% flat

Eligibility

Female owned businesses with shareholding of 55% and above

Security

Acceptance of the BVN covenant
Personal guarantee of customer
Insurance
Positive Credit Checks
Company Profile

 

 

MSME

Purpose

To finance small and medium enterprises

Sectors

Beauty/Style, Confectionery and Fitness

Minimum & Maximum Loan Amounts

Rate

N500,000 & n2,000,000 respectively


9% p.a

Loan tenor

12 months

Eligibility

  1. Business account with Zenith bank of not less than 6 months old
  2. Business must be categorized in any of the approved sectors.
  3. Business must have at least one 1 of our electronic connection channels

Management Fee


Condition

 
Security

0.5% - 1% flat subject to a minimum of N10,000

Exclusivity of all transactions done by the customer to Zenith bank

Acceptance of the BVN covenant
Personal guarantee of customer
Positive Credit Checks

 










OVERDRAFT

Overdraft is a type of loan which allows the borrower/obligor to draw a certain amount in excess of the credit balance in their current account within a specified tenor usually not exceeding Twelve months.

TIMELESS LOANS

 

Service Offering Name

Timeless Pension Advance Plus

Timeless Pension Advance

Loan Type

Pension Advance

Pension Advance

Purpose

To provide Pension Advance to Timeless Pensioners

To provide Pension Advance to Timeless Pensioners

Tenor

12 – 18 months

30 – 90 days

Maximum Loan Amount

50% of Annual Pension Receivable sum

100% of monthly pension value

Repayment Amount

Maximum 33% of monthly pension value

Minimum 30% of monthly pension value

Repayment Cycle

Monthly

Monthly

Interest

16% P.A

16% P.A

Eligibility

For Timeless Account Holders

For Timeless Account Holders

 

Pensioners who receive consistent monthly pension with the bank

Pensioners who receive consistent monthly pension with the bank

 

Pensioners who receive monthly pension of N500,000 & Above

Age range 55 – 70 years

 

Age range 55 – 70 years

 

Requirements

Credit Life Insurance policy issued by Prudential Zenith Life Insurance

Letter of Introduction from pension company

Customer consent to debit account for Insurance policy premium

PAM

Accepted Offer Letter and completed facility sheet

PAM

Accepted Offer Letter and completed facility sheet

Letter of Introduction from pension company

 

Management Fee

1% of loan value

1% of loan value or maximum of N10,000

 

 

VEHICLE FINANCING

 

Service Offering Name

Vehicle Financing for New Cars

Loan Type

Vehicle Loan

Purpose

Enable customers acquire new vehicles in a financially convenient manner

Tenor

3 – 5 Years

Eligibility

 

Salaried Income Persons, SMEs & Corporates

Car Dealer Offerings

·         Free vehicle registration

·         Free car delivery within Nigeria

·         Free servicing (first 3 services)

·         5 years warranty

·         Co-advertisement of the partnership

·         Car insurance with Zenith General Insurance

Maximum Repayment Amount

 

33.3% of monthly turnover

Repayment Cycle

Monthly

Interest

18% P.A

Management

1%

Equity Contribution

10% (Minimum)

Salaried Income Persons

·         Letter of Introduction from Employer, Employee Status Enquiry/Employer confirmation and undertaking

·         Recent 6-months payslip/salary bank account

SMEs & Corporates

·         Company Profile, Recent Management/audited accounts, Bank statements

·         Personal Guarantee of a Director supported by notarized statement of net worth

·         Board Resolution (For Corporates only)

 

RECEIVABLE DISCOUNTING / INVOICE DISCOUNTING

Receivable Discounting/Invoice Discounting is a loan that allows the borrower/obligor to obtain monetary value (usually discounted) against confirmed invoices for jobs already executed.

LPO FINANCE

LPO Finance is a loan made available to borrowing customers to finance the supply of materials or execution of specific supply contracts to reputable organizations.

IMPORT FINANCE FACILITY

Import Finance Facility is a type of credit availed specifically for the importation of raw materials, finished goods and equipment. This can be made available as Unconfirmed LC, Confirmed LC, Deferred Payment LC, Standby LC and Irrevocable LC.

EXPORT FINANCE FACILITY

Export Finance Facility is a credit availed specifically for the export of agricultural produce or other commodities. This credit can either be availed at the pre-shipment or post-shipment stage of the transaction.

TERM LOAN

Term Loan is a credit (short term, medium or long term) availed to finance specific capital projects expansion or lines of business for a specified tenor. Repayment can be bullet, balloon or instalmental.

LEASE

Lease is specifically finance or sale and lease back financing to support the acquisition of asset or equipment.

BONDS & GUARANTEE

Bonds and Guarantee: These create contingent exposure for the bank. They take the form of instruments issued on behalf of customers to support contracts for supply, construction and performance.

Contact us today

Email: zenithdirect@zenithbank.com, call 234-1-2787000, 0700ZENITHBANK or visit the Zenith Bank branch closest to you.

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