SME Grow My Business (SME-GMB) is the bank’s unique and attractive proposition to micro, small and medium businesses. Are you a small business? If yes, then SME Grow My Business is for you. This is us partnering with you beyond core banking services to support your business growth objectives.
Take full benefit of our several value propositions when you get the SME Grow My Business account for your registered business name or limited liability company. Basic SME-GMB Account features include:
Zero opening balance
Minimum operating balance of N20,000
Monthly account management fee (AMF) of N2,000
AMF of N0.50k/ mile where monthly turnover is more than N40 million
Visit any of our branches to open your SME-GMB Account today.
Our offerings to support your business efficiency and improve your productivity include but are not limited to:
Customized SME card to track the business expenses
Support to digitize the business processes and operations
Swift and free enrolment on Google Business Profile to expose the business on the web for a wider visibility and customer reach
Business Protection Insurance for assets of the business at discounted premium
Capacity building with trainings and skills enrichment programs to build better management capabilities
Partnership connections with key Corporates and SME Hubs to access other business essentials and provide numerous other free digital tools and services
Our SME Loan is structured to provide access to funds for business expansion needs with flexible repayment plans and competitive interest rates for specific business sectors. This loan type has been specially designed to promote expansion in the Beauty/fashion, Confectionery and Fitfam/healthy living sectors.
Eligibility MSMEs duly registered in Nigeria.
Purpose Business Expansion (Working Capital Requirements, Purchase of Raw Materials, Raw Materials & Infrastructure upgrade)
Sectors Beauty, Confectionery and Fitfam sectors
Rate: 9% p.a
Maximum Loan Amount:N5M
Loan tenor: 12 to 24 months
Repayment Flexible repayments in line 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 customer, Insurance, Positive Credit Checks and Company Profile
How to Apply To apply for the Zenith SME loan, simply visit the nearest Zenith Bank branch and speak to any of our relationship managers.
Insurance is a form of risk management used to hedge against the risk of uncertain loss and provide a guarantee of compensation and peace of mind for the specified loss in return for a specified premium. It also helps you pay for damage to your property or pay others on your behalf when you damage their property.
Group Personal Accident
Combined Fire & Burglary
Plant All Risk
Engage your Account Relationship Manager for guidance.
The Mortgage calculator helps you to estimate your monthly mortgage payment and see how changes to the term of your mortgage could impact on your repayments.