Zenith Bank Timeless Pension Advance Plus

Zenith Bank Timeless Pension Advance Plus

Lender

Zenith Bank

Eligibility

This is to provide Pension Advance to Timeless Pensioners. That means applicants must be timeless account holders who receive consistent monthly pension with the bank. Applicants must be aged between 55 and 70 years old. It is pensioners who receive monthly pension of N500,000 and above.

Loan Limit

Maximum Limit: 50% of annual pension receivable sum.

Interest Rate

Interest Rate: 16% p.a.
Management Fee: 1%

Max Tenor

The repayment period is a maximum of: 12 to 18 months. Maximum repayment is 33% of monthly pension value.
Repayment is monthly.

Security Required

No additional security required.

Documents Required

PAM.
Customer Application Letter.
Completed Loan Application Form.
Accepted Offer Letter and completed facility sheet.
Letter of introduction from pension company.
Credit Life Insurance policy issued by Prudential Zenith Life Insurance.
Customer consent to debit account for insurance policy premium.

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
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160
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