Getting a loan online in Nigeria can sometimes be a bit complicated. There are many requirements, forms to fill, and checks to ensure everyone is secure. But not to worry, we’re here to tell you about a special loan provider called Zedvance. They offer loans without asking for collateral or charging high interest rates. Let’s take a closer look at how you can get a loan from them.
About Zedvance:
In a sea of loan providers, Zedvance shines bright. They stand out by offering excellent loan services without asking for collateral or charging exorbitant interest rates.
Pros and Cons:
Pros:
- High Loan Capacity: Zedvance allows you to borrow a substantial amount, which is not always easy with other lenders. It’s more manageable here.
- Quick Approval: They process loan applications faster than most, meaning you can get your money when you need it.
Cons:
- Limited Operations: Currently, Zedvance operates only in Lagos. If you’re outside the state, your application won’t be considered.
- Paperwork: The application process involves a lot of paperwork, which can be a bit frustrating at times.
- Proof of Employment: If you’re self-employed or a freelancer, providing proof of employment might be a bit challenging.
Loan Amount and Interest Rates:
- You can borrow up to N5 million from Zedvance.
- Interest rates range from 12% to 45%.
Additional Fees: There are no extra fees associated with Zedvance loans.
Documents Needed:
- Means of Identity (e.g., passport, national ID card, driver’s license)
- Request of Account Statement form (to be confirmed by your bank’s loan officer)
- Employee Identity Card (to show your employment status)
- Direct Debit Mandate
- Tax Identification Number or pension statement and employment letter
- Passport photograph with a clear view of your face.
- For freelancers or contract employees, you’ll need guarantors who are permanent staff at your workplace.
Funds Release:
Once your loan is approved, Zedvance is quick to release the funds. You can expect to receive it in minutes.
Repayment Terms:
You have up to 18 months to repay your Zedvance loan.
Conclusion:
If you’re a working-class individual in need of a quick loan without too much hassle, consider applying for a loan from Zedvance. They offer substantial amounts with reasonable interest rates and a straightforward application process. Give it a try!