You are currently viewing Zenith Bank Z-Women Business Package

Zenith Bank Z-Women Business Package

Lender

Zenith Bank

Eligibility

Z-Woman is our single digit loan product for female owned businesses for all sectors primarily geared toward growing our SME sub-sector and diversifying our customer base. 

Eligibility
Female owned businesses with shareholding of 50% or any majority shareholding provided it’s owned by a woman.

Purpose
Business Expansion (Working Capital Requirements, Purchase of Raw Materials, Raw Materials & Infrastructure upgrade)

Sectors
Beauty/Style, Confectionery, Fitness, Agriculture & Others

Loan Limit

Maximum Loan Amount: N10M

Interest Rate

Maximum Interest Rate: 9% p.a.
Management Fee: 1% flat

Max Tenor

Loan tenor:  12 to 24 months.
Repayment:
Monthly or quarterly repayments in line with the customer’s cash flow from sales/collections into account with Zenith Bank

Security Required

Acceptance of the BVN covenant, Personal guarantee of customer, Insurance, Positive Credit Checks, and Company Profile

Documents Required

Customer Application Letter
Completed Loan Application Form

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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