Hi there, in this post, we are going to be talking about how to get a loan from zenith bank, we are also going to be talking about other things that are related to zenith bank such as Zenith Bank loan code, why you should consider borrowing a loan from zenith bank and everything else that you can think of about zenith bank.
Even if you don’t know what zenith bank is, after reading this post, you will understand what it is and how to borrow a loan from zenith bank in Nigeria.
Getting loans in Nigeria was never easy in the past because before you could get a loan, you need to sign some paper works, provide a guarantor and walk in and out of the bank for several weeks before your loan request could be considered.
But right now, borrowing loans has become very easy, even if you don’t want to borrow a loan from the bank, you can borrow a loan from loan apps in Nigeria, there are even apps that offer loans without BVN in Nigeria that you can use today and request for a loan successfully.
So, as I said, we will be looking at how to borrow a loan from zenith bank in Nigeria, so if you want to know, make sure you read this post from the beginning till the end so you don’t miss any important part.
Zenith Bank loan requirements
Just like every other loan platform, there are some requirements that you must meet to be qualified for a loan on zenith bank. Before requesting a loan, make sure you have the below things ready.
1. An active zenith bank account
You need an active zenith bank account before you can borrow a loan from zenith bank, when I say active I mean, you must have been making transactions with the account because your loan success will rely on the activity on your zenith bank account.
- A source of income
You need to have at least, one source of income to qualify for a zenith bank loan, this can be a business or a steady salary coming into your zenith bank account every month.
- An active phone number
You also need an active phone number that is also linked to your Zenith bank account before you can request a loan from zenith bank.
How much can you borrow from zenith bank?
The amount of money you can borrow from a zenith bank loan is proportional to 60% of the amount of money you are getting into your zenith bank account every month, this means if your monthly income on zenith bank is 100,000 Naira, the amount of money you can borrow from zenith bank is 60,000 Naira.
Zenith Bank loan works differently from other bank loans, so you need to take note of this when you want to request a loan from zenith bank.
How long will it take to get a loan from zenith bank?
After you successfully apply for a loan on zenith bank, the process will take about 24 hours to a few days or even a month, but as long as your account status is great, you will get the loan you requested for.
Some loan apps take up to 3 months to process a loan, but the case is different with zenith bank as zenith bank takes less than a month to process the loan request.
How to get a loan from Zenith Bank
Getting a loan from Zenith Bank is easy, but there are steps you need to take and you need to do everything carefully so you don’t make mistakes. Follow the below steps to borrow a loan from zenith bank.
- Download the Zenith Bank app
- Create your account on the app
- Login with your details
- Go to the “Loans” section
- Click “Apply”
- Fill the next page with your information
- Click “Next”
After following the above steps from beginning to end, your loan application will be processed, and after a few hours, days, or a month, your loan request will be approved, and you will receive a notification from zenith bank.
How to get a loan from Zenith Bank using zenith bank code
You can also get a loan from zenith bank using the zenith bank code, this is the fastest way to apply for a zenith bank loan because it is doable with a few clicks of the button.
Zenith bank code is *966*00#, as long as you have a Zenith bank account, you can use this code to borrow a loan from zenith bank in a few minutes.
To borrow a loan on zenith bank with zenith bank USSD code, just dial *966*00#, then enter the last digits of your zenith bank ATM card number, confirm your name, and Create your 4 digits pin by following the prompt, after your code is ready, you can select apply for a loan and follow the simple on-screen prompts to complete the steps.
How to repay the zenith bank loan
When it is time to repay your Zenith bank loan, you can do so by using the app or by dialing the zenith bank code on your phone dialer, zenith bank loan repayment is very simple and it can be done in a few minutes. Follow the below steps to repay your zenith bank loan.
After following the above steps, you have successfully repaid your Zenith bank loan and you will receive a notification from Zenith Bank letting you know that you have successfully paid for the loan.
Final thoughts on Zenith Bank loan
Zenith Bank loan is great both for business loans and personal loans, and the steps you can take to apply for a loan are quite simple and doable by anyone, the zenith bank app is available for both Android phones and IOS phones, and for those that don’t have a smartphone, they can also use zenith bank loan code to request for a loan.
In this post, I have shown you all the steps you can take to get a loan from zenith bank, if you follow all the steps, you should be fine, and if you have any questions about zenith bank loans, leave them in the comments section, and I will be glad to reply to your questions.