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

Nigeria Foremost Commercial Bank’s offer wide range of financial service 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 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 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 offer Mortgage Facility – This is designed to fulfill your aspiration to purchase your dream house with ease.

Requirements of Zenith Bank salary advance loan:

Salary and allowances of the customer must be domiciled in Zenith Bank.

If 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

How to apply for FCMB Bank salary advance loan

 

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

FCMB Bank SALARY PLUS 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.

How to Apply for FCMB SALARY PLUS LOAN

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

FCMB FastCash

This 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 customer can access this kind of loan.

FCMB CUSTOMERS

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

NON-FCMB CUSTOMERS

Instant access to funds
Up to N200,000 loan amount
No paperwork required, just apply through *329*11#.
No collateral needed
No FCMB account is required
Up to 3 Months Repayment cycle
Customer 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

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 minimum loan amount of 2,000,000.

Features

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

 

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