SME Grow My Biz offers a suite of customized value propositions that will provide support to MSMEs for sustainable growth. So whether you want a basic account or one bursting with options, you will find the right account that meets your needs. Visit any of our branches to open your account today.
For registered business name or limited lability company
Zero opening balance
Minimum operating balance of N20,000
Monthly account fee of N2,000=
Fee of N1:00k/mile applies where monthly turnover is more than N40 million
Access your funds with our customized Zenith SME card
Get support to digitize your business processes and operations
Give your business more visibility with our numerous 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.