Zedvance loan Application, How to Repay, interest rate, Requirements

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Need to know how to apply for Zedvance loan application in 2023? How can you borrow money from their app? What’s their interest rate and ussd code or how to Repay?

In this post, all questions are answered.

It isn’t always easy to receive an instant loan online in Nigeria. It might be a tedious task to get a loan.

There are several requirements that must be met. You will need to complete some forms and do some paperwork.

Why is this so is because no one wants to find oneself in a position where they have to lend money and not get it back. This is a vital truth about business.

However, it does not always have to be hard

This article will show you how to obtain loans from Zedvance without much stress.

About Zedvance Loan

There are many loan providers out there, but sometimes it is tough to choose which is better. Many promise to offer good service only to find out they’re not so real.

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Zedvance stands out. They offer amazing loan services with low interest rates and no collateral.

How to borrow money from Zedvance

Now the question is how can you borrow money from the Zedvance application or site?

The process is straightforward.

  • Visit Google play and install the Zedvance app
  • Alternatively, you can visit their website at zedvance.com
  • Register as a new user
  • Request for a new loan and fill out the loan form with the correct information
  • Add your bank account
  • Wait for approval
  • When approved, the money will go straight into your bank account

Zedvance interest rate

The interest rates on Zedvance loans range from 12 to 45 percent. The higher the loan the lower the interest and the longer the terms, that is the loan period.

Zedvance Loan Requirement

These are the prerequisites for obtaining a Zedvance loan.

  • Regular income source
  • Bank Verification Number (BVN)
  • Your age should range from 22 to 55 years old.
  • Have an active salary account
  • 1 Passport Photograph
  • identifying documents, such as an International Passport or Driver’s License, that can be used to identify you.
  • Six-monthly updated salary account statements
  • Employee id Card
  • Employment Letter NUBAN Cheques and Direct Debit Authorization
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To obtain loan from Zedvance as a freelancer or self employed, or a contractor, you may need a guarantor.

How to repay Zedvance loan

You can repay Zedvance loan by sending payment into the personal virtual account created with your zedvance profile.

All you have to do is login to zedvance app and find your personal account details. Once you send the money into the account, it will be automatically deducted in minutes.

Both pros and cons

Every single thing has both the good side and the bad.

Side effects are always present with any effect.

It’s the same with Zedvance loans.

The Pros

  • Higher loan amount
  • Longer loan duration
  • Quick loan approval

The Cons

  • Not available for all Nigerians, only for Lagosians
  • It is too difficult to get approved
  • The application procedure is lengthy and paper-intensive. It can get annoying.
  • You will need to provide employment verification.

Conclusion

If you live in Lagos, Zedvance loan is a good option whenever you need to borrow money online. However, let’s not forget that you should only take a loan that you can pay back. This is so important so as not to get into problems

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About the Author: Femi Olawole

Femi Olawole is a seasoned blogger with interest on providing helpful Contents on online loan apps, Tech and Business.

1 Comment

  1. Good day sir. I got loan from zedvance bank October last year 2022. (400). There was a message from zedvance bank that I’m qualify for another loan. ( 528000). How do I go about it. ?.I’m a staff in federal ministry of water Resource area 1 old secreriat Abuja.

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