Zenith bank salary advance

How to apply and get Zenith bank salary advance

Last Updated on December 9, 2023 by admin

Do you have a salary account with Zenith bank and you need a short term loan to enable you to meet your financial needs before your next salary? If yes kindly apply for zenith bank Salary Advance to enable you offset unexpected emergency

Zenith bank Salary Advance – is a revolving credit from zenith bank with a clean-up cycle availing up to 60% of your net monthly salary. This is a flexible funding solution that will help address short term financial needs.

The instant digital loan product from zenith bank is targeted at salary earners who meet the Bank’s risk acceptance criteria (RAC). The Salary Account Loan Scheme Application Form is related only to scheme-based salary account holders.

Read: List of all Zenith Bank ussd code for financial transaction


What are the Requirements for a zenith bank salary advance loan?


To qualify for zenith bank salary advance loan you must:

1.Your salary account domiciled with Zenith bank
2.You will sign an indemnity clause for right of set-off in any bank using BVN.

By implication, if by any means you defaulted on repayment at the appropriate time, or Zenith bank is unable to complete deductions at the right time, the bank can go ahead to recover the debt by accessing funds you may have in other Nigerian banks using your BVN.


How do I request for Zenith bank Salary Advance Loan?


To apply for zenith bank advance loan kindly visit their online portal to apply the application url is ; https://realtime.zenithbank.com/retailloan

2. click Salary Advance from the CATEGORY OF LOAN REQUEST
3.Enter your Bank Verification Number (BVN) to validate the loan request process.
4, Then follow the onscreen message to complete the loan request from zenith bank


Visit any nearest Zenith bank branch close to your location and ask for a salary advance loan.
But make sure you met the basic criteria.

For more details on any of zenith bank retail loans, kindly call 012787000 or send a mail to zenithdirect@zenithbank.com

Read: How to enroll for Zenith Bank mobile app and online banking


Zenith bank Education loan


The Zenith bank Education loan is designed to provide short term funding to enable parents/guardians pay tuition fees for their children/wards.


1.It has a minimum loanable amount of N100,000
2.Maximum of N5,000,000
3.The school fees is paid directly to the school
4.It has a maximum tenor of 3 months for junior school, 9 months for tertiary institution.


1.A completed application form
2.The parent/guardian is expected to have salary account with Zenith bank
3.The child/ward must have an account with the bank
4.Invoice of the said school must be provided for the tuition fees payment.

Zenith bank MSME loans


The Zenith bank MSME loans are meant to finance Small and Medium Enterprise.

Targeting the beauty/style, confectionary and fitness sector, with a maximum loan amount of N500,000 and N2,000,000 respectively at the rate of 9%, 0.5%-1% flat management fee

The Minimum & Maximum Loan Amounts Rate for zenith bank MSME Loan:  is N500,000 & N2,000,000 respectively It has a rate of 27% p.a…..The Loan tenor is 12 months


Who is Eligible for zenith bank msme loan

1.Business account with Zenith bank of not less than 6 months old
2.Business must be categorized in any of the approved sectors.
3.Business must have at least one 1 of our electronic connection channels

Management Fee for zenith bank MSME Loan : 0.5% – 1% flat subject to a minimum of N10,000

Collateral for zenith msme loan: Acceptance of the BVN covenant, Personal guarantee of customer and Positive Credit Checks

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