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How To Apply For Zenith Bank Loan

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This article will inform you all you need to know before you apply for the Zenith bank loan which gives instant loans to Zenith account holders.

Zenith Bank is operating since May 1990. It was officially established as a commercial bank in June 1990. 

Zenith Bank became a Public Limited Company(PLC) and was listed on the Nigerian Stock Exchange(NSE) in June 2004 and in October 2004.

The principle behind Zenith Bank Plc loan programs is to finance ideas that can shape the world, and transform them into reality. Zenith Bank PLC has various loan programs designed to help you realize your goals faster and achieve your dreams. We’ll look at the different loan schemes available and how you can apply for the loans.

zenith bank loan

The finest varieties that are available for Zenith loans from banks, conditions, and application instructions are listed below.

Z-Woman Business Package (SME loans)

Z-Woman is a single-digit loan product for female-owned businesses in all sectors(Beauty/Style, Confectionery, Fitness, Agriculture & Others). The loan scheme was put in the name of Zenith Bank Plc to expand its SME sub-sector as well as diversify its customers. The eligible businesses are female-owned businesses that have at least 50% of the shares or greater, provided that the business is owned by women.

The scheme of loans is designed to aid in business Expansion. It is designed to meet needs for working capital, the purchase of raw materials, as well as the upgrading of raw materials as well as infrastructure. You can receive as much as a million for 12-24 months.

MSME loan

MSME Loan is designed to help small and medium-sized enterprises within the areas such as Beauty/Style, Confectionery, and fitness. You can avail as much as N2 million over 12 months. To qualify you must have:

  • A company account at Zenith Bank, which is less than 6 months;
  • A business that is classified in one of the sectors that are approved or
  • an enterprise that is connected to at minimum one of the Zenith Bank Plc electronically connected channels.
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Non-schemes retail loans

Zenith Bank Plc has three categories of Retail loans that are for non-schemes. These include:

  • Personal/Consumer loans for financing the personal requirements of individuals.
  • Acquisition of assets/Car Loans to help finance the purchase of cars or the purchase of household assets.
  • The Mortgage Loan Facility program is specifically designed to allow you to purchase that dream home easily.

Education loan

Zenith Bank Plc’s Education loan scheme was designed to provide short-term financial assistance to parents or guardians to pay tuition for their children/children’s education.


  • The minimum Facility amount is set at N100,000.
  • The maximum amount for the Facility is N5,000,000.
  • The school fees are directly paid to the child’s school.
  • Maximum tenor of 3 months (Junior School) Maximum 9-month tenor (Tertiary institution).


  • Completed Application Form.
  • The parent/guardian’s account must be that is registered with Zenith Bank.
  • The child/child’s account must be an account through Zenith Bank.
  • Invoice of tuition and school fees.

Initiative for financing creative industry (CIFI)

The Creative Industries Finance Initiative(CIFI) Fonds is an initiative by the Central Bank of Nigeria(CBN) in partnership together with the Bankers’ Council to create jobs in Nigeria. Eligible activities/businesses include Fashion, Information Technology, Movie Production, Movie Distribution, Music, and Software Engineering.

You can get up to N30 million for Movie Production, N50 million for Movie Distribution, and other activities/businesses depending on the project requirement. The loan tenure for the activities/businesses is also up to ten years.

Documents Required for Disbursement

  • Accepted Offer Letter
  • Business Plan
  • Board Resolution (if corporate)

Pension advance

The goal of this scheme of loan is to give the benefit of a pension advance to Timeless Pensioners(55 to 70 years old). The rate of interest is 16 cents p.a. The loan scheme is split into two parts, and these include Timeless Pension Advance and Timeless Pension Advance Plus.

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  Timeless pension advance plus Timeless pension advance
Tenor: 12-18 months 30 to 90 days
The maximum amount of the loan: 50% of the Annual Pension Receivable sum and 100% of the pension value
Eligibility: Pensioners who receive a steady monthly pension from the bank.
Pensioners who get a regular monthly payment from the bank.
Pensioners who are paid a monthly income of N500,000 or more.
Pensioners who are guaranteed a monthly pension from the bank
Requirements: Credit Life Insurance policy issued by Prudential Zenith Life Insurance.
The letter of introduction from the pension firm.
The customer has given consent to debit the account to pay the insurance policy premium.
The Accepted Offer letter and Facility sheet.
Affirmed Offer Form and Facility sheet.
The letter of introduction from the pension firm.

Finance for vehicles

The goal of Zenith Bank’s car loan is to help its clients (Salaried Income People, SMEs & Corporates) to buy new vehicles with a cost-effective and convenient method. The loan’s tenor ranges from 3 and 5 years at an 18 percent p.a rate of interest. The deal includes the following:

  • Registration of vehicles for free
  • Free delivery of cars within Nigeria
  • Free service (first three services)
  • 5 years of warranty
  • Co-advertisement in the partnership
  • Car insurance through Zenith General Insurance

The required documents for salaried income earners include a Letter of Introduction from the Employer Employment Status Enquiry/Employer Confirmation and undertaking, as well as a recent 6-month pay slip/salary account.

The requirements for SMEs as well as Corporates are a Company Profile Recent Management/audited and audited accounts and bank statements, a personal Director’s Guarantee, backed by a notarized declaration of the net value, and a Board Resolution (For Corporates only).

Receivable discounting/invoice discounting

Receivable Discounting or Invoice Discounting is a type of loan that allows the borrower to get the value of money (usually reduced) against the invoices they have received for projects that have already been executed.

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LPO finance

LPO Finance is a loan provided through Zenith Bank to their customers money to pay for the procurement of goods or to execute specific supply contracts with reputable companies.

Import financing facility

Import Financial Facility can be described as a form of credit specifically designed to purchase imports of the raw material, final products, and other equipment. It is available in the form of Unconfirmed LC Confirmed LC and deferred payment LC, Standby LC, and irrevocable LC.

Export financing facility

The Export Finance Facility (EFF) is a form of credit available specifically for exporting agricultural products or other products. The credit may be used either at the pre-shipment or post-shipment stages in the process.


Lease is specifically financing sale or leaseback financing that helps in the purchase of equipment or assets.

Term loan

A Term Loan is a type of credit (short-term, medium, or long-term) used to fund specific expansion of capital projects as well as lines of business with an agreed-upon tenor. Repayments can be in the form of a bullet or balloon, or even in installments.

Guarantees and bonds

Guarantees and Bonds: They provide a form of contingent exposure to the bank. They can be described as instruments issued by customers to back contracts for construction, supply, and performance.


Overdraft is a kind of loan that allows the person borrowing the loan to draw a specified amount of money over the credit account balance for a certain period, typically not exceeding 12 months.

Retail loans to fund schemes

The loan scheme is split into four components:

  • Salary Advance is a flexible credit card that can be used to clean up your cycle that can provide up to 60 percent of your monthly net salary. It is a flexible financing solution that can help meet the financial demands of the short term.
  • Personal or consumer loans to fund your expenses.
  • Acquisition of assets/Car Loans to help finance the purchase of cars or the purchase of household assets.
  • The Mortgage Loan Facility program is specifically designed to allow you to purchase that dream house easily.

How do I make an application for a Zenith Bank loan

Before applying for a loan, ensure that you have spent some time learning about the different loan options. Once you’ve selected the loan option which best meets your requirements and budget you can apply for the Zenith bank loan by visiting the closest Zenith branch of the bank to you.

You can also send an email to fd******3d3@8***3.com or fd******3d3@8***3.com, or call 012787000. Make sure you meet the required application for the loan that you are applying for, which is listed above.

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