How to Apply for Zenith bank and FCMB Bank salary advance loans

Last Updated on July 1, 2024 by admin

Nigeria Foremost Commercial Bank’s offer a wide range of financial services to fit everyone, regardless of situation or lifestyle. So whether you want a basic account or one bursting with options, you will find the right service that meets your expectations.

Zenith Bank offers its customers a loan that is know as Salary Advance loan, a scheme designed to finance short-term needs or expenses that may come up before the next monthly salary once you have a Salary Account with them.

This is available to confirmed and professional salary account holders of selected companies.Salary Advance – a revolving credit 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.

Apart from salary advance Loan, zenith bank also offer Personal/Consumer loans to finance personal needs. They also offer Asset acquisition/Car Loans to finance purchase of vehicles or acquisition of household assets.

The bank also offers a Mortgage Facility – This is designed to fulfill your aspiration to purchase your dream house with ease.

Requirements of Zenith Bank salary advance loan:

1. To qualify for Zenith bank  salary advance loan, Salary and allowances of the customer must be domiciled in Zenith Bank.

2. If the applicant defaults on payment when Zenith Bank is unable to make repayment deductions as and when due, the bank has the right to recover the debt by accessing funds that the customer may have in other Nigerian banks, using the BVN.

How to Apply for Zenith Bank Salary advance loan

You should visit the nearest branch for or call your relationship office


First City Monument Bank | SALARY PLUS LOAN

First City Monument Bank has wider range of salary loan which include  SALARY PLUS LOAN,FAST CASH and PREMIUM SALARY LOAN


Salary Plus Loan is a consumer credit scheme available to salary account holders. Through this scheme, qualified FCMB customers can access short- or medium-term funding, before payment of salaries.

Eligibility is based on criteria such as domiciliation of salary account with consistent receipt of salaries for a period of 6 months and categorized employer.

They also offer Salary Plus Top-Up -this Salary top-up loan is a credit scheme available to existing customers who have a salary plus loan. Prequalification is done based on criteria such as up-to-date salary and no missed repayments on loans within the last 6 months.


1.Log on to FCMBOnline
2.Click on Consumer Loan
3.Click on Salary plus top up
4.Select Current account number
5.Confirm loan amount
6.Check the box for terms and conditions.
7.Submit request and loan is disbursed within 8 hours.

FCMB FastCash

This is a convenient, paperless credit facility with no collateral required for your emergencies and urgent needs. It is an instant loan and the application is through their USSD code *329*11#.

The good aspect is that both fcmb customers and non customers can access this kind of loan.


1.Instant access to funds
2.Up to N100,000 loan amount
3.No paperwork required, just apply through *329*11#.
4.No collateral needed
5.30 days clean up cycle
6.Customer can apply as many times in a year as s/he is qualified.


1. nstant access to funds
2. Up to N200,000 loan amount
3. No paperwork required, just apply through *329*11#.
4. No collateral needed
5. No FCMB account is required
6. Up to 3 Months Repayment cycle

Customers can apply as many times in a year as s/he is qualified.
interest Rate of 3.5% monthly and a one-off management fee of 1%
Funds will be transferred to the customers salary account in any bank where the salary is domiciled
All Federal Government Employees EXCEPT Military and Para-Military Employees

FCMB Premium Salary Plus Loan

Premium Salary Plus loan provides confirmed staff of commercial organizations more usable funds. The employee’s organization must have been rated on Moody’s with a minimum BB- rating, employees interested in the product must be eligible for a minimum loan amount of 2,000,000.


1.Minimum loan amount – N2 Million
2.Maximum tenure – 60 Months
3.Minimum tenure – 12 Months
4.Management fee – 1% flat upfront (0.5% for top-up loan)
5.Collateral – Domiciliation of salary, terminal benefits and other allowances
6.Insurance fee – 0.9%*loan amount*tenure (in years)

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About admin

Meet Ogbeide Frank, popularly known as perere, a blogger who loves writing about finance and Tech. He studied Business administration at the Ambrose Alli University Ekpoma and Mobile Communication at Orange College Malaysia .Frank have worked as a banker and consultant in variety of Nigeria agencies For Advertisement, Content marketing andsponsored post: contact :
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