Zedvance also known as Zedvance Limited is a consumer finance company widely known for giving fast loans without collateral to Nigerians. The process of getting a loan is easy and can be done via WhatsApp chat.
You can get a loan up to ₦5 million and you will be credited within 24 hours. All a user needs to get a loan is login to the website, chat with the team or visit any of its office.
Zedvance loan requirement
Here are the requirement to get a loan from Zedvance:
- Bank Verification number (BVN)
- You must be in a paid employment
- Your age should be between 22 and 55 years
- You must have a salary account that is active
- 1 Passport Photograph
- A means of identification which can be an of International Passport, Driver’s Licence or National ID card
- 6 months up-to-date salary statement of account
- Employee ID Card
- Employment Letter
- NUBAN Cheques or Direct Debit Mandate
- If you are a freelancer or unconfirmed employee, you may require a guarantor.
How to get a loan from Zedvance
Follow these steps to get a loan from Zedvance:
1. Visit the loan portal
Your first step is to visit the loan portal. There are two ways you can do this. You can go the the website then click the Apply Now button, it will take you direct to the loan portal. Or you can go directly to the loan portal
Once you are at the loan portal, you have to register. Give accurate information. At the registration stage, information needed will include your name, email, BVN, Date of birth and password.
3. Apply for loan
Once you have registered, you can login anytime to apply for loan. Follow instruction and submit all documents needed
4. Wait for loan
If your application is approved, you should receive your loan. Usually it does not take more than 48 hours.
If you do not want to apply for loan using the website, you can try the steps below. But if you have already applied through the website, do not try applying again through the following steps.
5. Chat with the loan team on WhatsApp
Another way of getting a loan is to chat with the team via WhatsApp on 09060003933
6. Visit the office
You can also visit the office which is located at Victoria island to apply for loan.
How much can you get?
You can access up to ₦5 million. How much you are offered will depend on the team and your purpose for loan with other factors taken into consideration.
Zedvance interest rate
The interest rate varies from 5% to 20%. Generally, the company uses a risk-based pricing to determine repayment on loans. You can use the loan calculator on the website to know how much you will have to pay back.
Loan term ranges from 2 weeks to 12 months
Repayment of loan
Repaying loan is easy. You can repay with Cheques or Direct Debit mandate. If you do not want to make payment with cheques, you can pay into their account. You can contact them for account number to pay into. But be sure to contact them at least 78 hours before your loan is due.
You will be unable to make part payment. You have a choice to arrange how long you want to pay back when taking the loan. After that, if you intend to change payment date, it is possible. You may have to contact them. But charges may apply.
If you default on your payment, penalty is 1% on installment amount for each day of default. If the default exceeds 30 days, more stringent measures may be applied and default would also be reported to the credit bureaus.
The head office of Zedvance is located at 177A, Ligali Ayorinde Street Victoria Island, Lagos, Nigeria.
Zedvance customer service number and email
The customer service of Zedvance is 0700 100 1000
The email is [email protected]
With Zedvance you can get a loan straight from your WhatsApp. Simply chat up them up on 09060003933
The website of Zedvance is www.zedvance.com