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Zenith Bank MSME Loan

Lender

Zenith Bank

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. (Beauty/Style, Confectionery and Fitness)
  3. Business must have at least one 1 of our electronic connection channels

Loan Limit

Maximum Limit:  N2,000,000
Minimum loan: N500,000

Interest Rate

Interest Rate: 9 – 15% p.a.
Management Fee: 0.5% – 1% flat subject to a minimum of N10,000

Max Tenor

The repayment period is a maximum of: 12 months.

Security Required

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

Documents Required

Customer Application Letter.
Completed Loan Application Form.
Exclusivity of all transactions done by the customer to Zenith bank

Approval Time

About four days to one month from the time you submit all the required documentation

Thinking About Repayment Plan?

Calculate the monthly payment and overpayment for the loan
10 00010 000 000
160
050
 
 
 

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