Zenith Bank Quick Loan Code: How to Borrow Money from Zenith Bank Using USSD Code

Are you interested in the Zenith Bank quick loan code? This guide will teach you how to use the code to obtain a fast loan from Zenith Bank.

To get a payday loan or salary advance as a salaried individual, simply dial the Zenith Bank quick loan code *966*11# and follow the instructions on your screen. You can borrow up to 100,000 Naira at a 3% interest rate without providing collateral. To be eligible for the loan, you need to have an active salary account. If you meet the requirements, apply for the loan using a phone number linked to your BVN and bank account, whether it’s on Mtn, Glo, Airtel, or 9 Mobile.

In this post, I will guide you through the loan application process and explain the eligibility criteria. Let’s get started.

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Zenith Bank Quick Loan Code

To obtain a quick loan from Zenith Bank, you can use the Zenith Bank quick loan USSD code *996*11#. This loan is known as the Payday loan or Eazy loan. It is specifically designed for individuals who receive a salary, and it doesn’t require any collateral or documentation. The interest rate for Zenith Payday easy loan is 3%.

With the Payday easy loan, you can borrow a maximum amount of 100,000 Naira from Zenith Bank, and you have 30 days to repay it. The loan amount is typically paid back with your salary from the following month.

See also: 10 Instant Loan without BVN in Nigeria

How to Borrow Quick Money Using Zenith Bank Quick Loan Code

Getting a payday loan or salary advance from Zenith Bank without needing collateral is a simple process. Here are the steps you need to follow to borrow the money quickly using the USSD loan code:

1. Dial *996*11# on your Zenith Bank registered phone line, whether you are using Mtn, Glo, Airtel, or 9 Mobile.
2. If you meet the requirements, choose the loan option and specify the desired amount.
3. Enter your 4-digit USSD PIN.
4. Accept the terms and conditions.
5. You will receive a successful message, and your account will be credited with the borrowed amount.

Zenith Bank Payday Easy Loan Code Terms and Conditions

In order to borrow money using the *996*11# USSD code, you need to meet certain eligibility criteria. Here are the requirements to qualify for the Zenith Bank payday easy loan using the USSD code:

1. You must be a salary earner.
2. You should have a salary account with Zenith Bank.
3. You need to provide proof of salary payment from previous months.
4. Apply for the loan using a phone number linked to your BVN and Zenith Bank account.

Once you fulfill these terms and conditions, you can apply for the loan and receive it quickly.

See also: 9 New Loan Apps In Nigeria 2023

How much Zenith Loan Code can borrow?

When it comes to a Payday easy loan or Salary loan from Zenith Bank, they can only lend you up to 60% of your monthly salary in advance, with a maximum limit of 100,000 Naira. Essentially, this implies that the loan amount you can obtain with your salary account is capped at 100,000 Naira. If you require a higher loan amount, you should consider exploring alternative options such as a personal loan.

What is the duration of the Zenith Bank Payday Eazyloan?

Once you apply for the Zenith Bank payday easy loan using the USSD code *996*11#, the loan duration is set at 30 days starting from the approval and disbursement of your loan. Afterward, you are required to repay the borrowed amount with your salary from the following month.

What is Zenith Bank Payday Eazyloan Interest rate?

The Zenith Bank Payday easy loan carries an interest rate of 3% on the borrowed amount. To illustrate, if you borrow 100,000 Naira, which is the maximum loan amount for Zenith Bank Payday loan, you will need to repay a total of 103,000 Naira.

How to Pay Back Zenith Bank Loan

Repaying the Zenith Bank loan using the loan code is straightforward for salary earners. To repay, all you need to do is receive your monthly salary, and Zenith Bank will automatically deduct the loan amount from your account. If there is any remaining outstanding balance, it will be debited from your account in the following month.

Therefore, your responsibility is to ensure that your employer deposits your monthly salary into your Zenith Bank salary account, and the loan repayment process will be taken care of effortlessly.

Zenith Bank USSD Codes

See also: USSD Code for Loans in Nigeria

How to Activate Zenith Bank USSD Code (Step-by-Step)

To activate the Zenith Bank USSD Code, follow these simple steps:

1. Dial the USSD code *996# on your phone, using the phone number linked to your Zenith Bank account.
2. Follow the instructions displayed on your phone screen to proceed with the activation of the Zenith Bank USSD code.
3. Provide your Zenith Bank account number when prompted.
4. Set a four-digit secret PIN to complete the registration and activation process on your phone.

Once you have successfully activated the USSD code for Zenith Bank Nigeria on your handset, you can proceed to use the Zenith Bank quick loan code (*966*11#). This code offers a convenient, fast, secure, and affordable way to carry out banking transactions on your Zenith Bank account through your mobile phone, without the need for internet data.

See also: How to Check Zenith Bank Account Balance Without PIN & ATM Card, Using Code

Requirements to Activate Zenith Bank USSD Code

To register and activate the USSD code for Zenith Bank, follow these steps:

1. Ensure you have an active Zenith Bank account number.
2. Prepare a mobile phone with a phone number linked to your Zenith Bank account. This phone number will be used for conducting USSD transactions.

Once you have met the requirements mentioned above, you can proceed with the activation process for the Zenith Bank USSD code.

Zenith Bank USSD Code for Transfer

To transfer money from Zenith Bank using the Zenith Bank Transfer code, just Dial *966*Amount*Account Number# (e.g. *966*1000*2034477891#) from the phone number linked to your Zenith bank account and follow the instructions displayed.

Zenith Bank USSD Code for Account Balance

The USSD code to check your Zenith bank account balance is *966*00# from the phone number linked to your Zenith bank account and follow the instructions displayed.

Zenith Bank USSD Code for Airtime

The code for Zenith Bank airtime recharge is  *966*Amount*Mobile Number#. Make sure you’re dialling the code from the phone number linked to your Zenith bank account.

Zenith Bank USSD Code for Loan

The Zenith bank quick loan code is *966*11#. Don’t forget to dial the code from the phone number linked to your Zenith bank account.

USSD Code to Check Zenith Bank Account Number

To check your Zenith Bank account balance using the code, simply follow these steps:

1. Dial *966*00# using the phone number linked to your Zenith Bank account.
2. Enter your Zenith Bank USSD Code PIN or the last four digits of your ATM card.
3. Press the “Send” button or select the appropriate option.
4. You will then receive an SMS notification containing your Zenith Bank account number.

Frequently Asked Questions

1. What factors do banks consider before granting a loan?

Banks primarily evaluate your credit rating and history when considering a loan application. Additionally, they take into account factors such as your income, place of employment, assets, net worth, and more. The specific criteria can vary between different banks.

2. What are the consequences of not repaying a loan on time?

The penalties for failing to repay a loan on time depend on the terms and conditions of your agreement. Typically, these penalties are outlined in the loan terms and are enforced in the event of default. Lenders may increase the interest rate or initiate the sale of collateral.

3. How long does it take to receive the loan funds?

The duration for receiving the loan funds depends on your lender. Once approved, you can generally expect the money to be disbursed within 24 hours.

4. Can students obtain loans from Zenith Bank?

Zenith Bank offers student loans. These loans can be repaid through an overdraft facility, allowing borrowers to withdraw a specific amount of money above the credit balance in their current account within a specified timeframe, often up to one year.

5. Does Zenith Bank provide payday loans?

Yes, Zenith Bank offers payday loans as part of its lending services. The Zenith Bank payday loan is designed to cover urgent expenses that may arise before the next pay period. It is considered one of the top lending products provided by Nigerian banks. The USSD code for accessing the Zenith Bank payday loan is *966#, and it is available to individuals with confirmed payroll accounts at the bank.

Conclusion

In conclusion, I hope you have gained knowledge about the Zenith Bank quick loan code, the requirements, and the application process for quick loans.

At some point in our lives, we may face challenging financial situations, which can be quite overwhelming. During such times, a helping hand can make a significant difference, and that’s where the Zenith Bank loan comes into play. If you find yourself in need, consider getting one today.