Zenith bank is one of the bank that give instant loan people in Nigeria. Their loan is fast and it is without collateral or paper work by just dialing a code on your phone you will get the loan.
What is zenith loan
Zenith loan is a loan from zenith bank. They have deferent loan product but the one that can be obtain with a code is personal loan and salary advance loan which is what this article is all about.
Types of loan you can get from zenith bank with a code
Zenith bank has many loan product but the one you can get with a USSD code are
In this loan product you can get up to #500,000 loan without collateral or guarantor. The repayment period can be up to 6 months and the interest can be up to 20%
Salary advance loan
This loan is proportional to your salary, you will be given 80% of your salary as loan for instance if you are getting up to #100,000 per month you will be eligible for #80,000.
The pay back period is 1 month and you need to have your salary account with zenith bank before you can obtain this loan
Requirement for zenith bank loan
You need to have account with zenith bank
You must have activate ussd transfer code
You must not have defaulted on any loan before
You must have a good credit score.
Zenith bank loan code and how to get a loan
Dial the code *966# on the sim connected to zenith bank
If you have not activate the USSS code
It will prompt you to in put the last 3 number of your ATM card, do so
It will pop out your account information
If it is yours click continue
On the menu you will see loan option click it and follow the prompt
Once your application is successful your loan will be disburse in minutes, it does not take times
How much you can get from zenith bank with code
You can obtain up to #500,000 with out collateral or guarantor provided that you have a good credit score.
Interest rate and pay back period
The interest rate depend on the amount of loan secure and the repayment period but it is usually between 5% to 25% and the repayment period is between 1 month to 6 months. If your loan is salary advance you have just a month to pay back.
Repaying your zenith loan
You don’t need to worry yourself, the loan will be automatically deducted once the due date is reach, just ensure you have money in your account.
What I like about zenith bank loan
The loan is fast
You don’t need collateral or guarantor
What I don’t like about zenith bank loan
You need to have account with them
Without a good credit score you will not be eligible for the loan
Above is how to get loan from zenith bank with code. Though it is easy and fast, I will urge you to get loan that you know you cab pay back to avoid had I know.
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