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Zedvance Loan Code in Nigeria

By Oluchukwu Ikemefuna

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Let’s face it: traditional loan programs may be lengthy and complex. Banks frequently require extensive office work and a waiting period that can feel like an eternity, especially if you need the money right away. 

The Zedvance loan code provides a refreshing opportunity. Depending on your eligibility, you might be able to access a loan in a matter of minutes by entering a simple USSD code (Unstructured Supplementary Service Data) into your mobile phone. This new method makes Zedvance a suitable choice for those situations where a quick economic rise

Nigerians frequently rely on short-term loans to overcome economic gaps. If you’re looking for a quick, easy, and dependable way to borrow money, the Zedvance loan code could be your knight in shining armor.

This article delves deeply into the topic of Zedvance loans in Nigeria. We’ll explain what the Zedvance loan code in Nigeria is, how to use it to your advantage, and why you should choose Zedvance for your short-term loan requirements. 

So, whether you’re new to the concept of code-based loans or you’ve heard the term Zedvance spoken around, this guide will provide you with all of the information you need to make an informed decision. Read on!

 About Zedvance

Zedevance Loan

Zedvance Finance is an online lending platform in Nigeria that provides buyers with convenient and environmentally friendly loan options. As a subsidiary of the Zedcrest Group, a brand new-era economic solutions company. 

Zedvance is dedicated to conducting business with honesty and following ethical commercial enterprise principles. 

One of the company’s primary goals is to promote financial inclusion in Nigeria by providing access to credit to both salaried and unemployed individuals. 

Zedvance Finance has established itself as an industry leader by following best practices and maintaining its commitment to openness and customer satisfaction.

Related – Haraka Loan USSD Code in Kenya

How Zedvance Loan Works

Zedvance serves as a link between borrowers and lenders, providing a streamlined method for obtaining short and clean loans in Nigeria. Their loan portfolio serves a wide range of needs, from short-term payday loans for unexpected expenses to income-based, honest loans for large sums with longer repayment terms. 

They have upcoming offerings focused on small and medium-sized businesses. Here’s a breakdown of how Zedvance works:

  1. Apply for a Loan: You can apply for a Zedvance loan via their internet website, smartphone app (MoneyPal), or by speaking with their digital assistant Zee on WhatsApp.
  1. Quick Approval: The application process is brief and simple, and you can be approved for a loan in minutes.
  1. Loan Amount: Zedvance offers loans ranging from a few hundred Naira to ₦5 million.
  1. Repayment: Repayment can be performed with a unique digital account or with your debit card. The compensation terms will vary depending on the loan product you select.

Overall, Zedvance appears to be an accessible option if you require a short-term loan. However, keep in mind that these kinds of loans might often have high interest rates. It is best to carefully review the terms and conditions before applying for any loan.

Zedvance Loan Requirements

The exact loan requirements for Zedvance will be determined by the type of loan you apply for. However, here is a breakdown of the general criteria you’ll most likely encounter:

  1. You should have a job.
  2. You should have an active income account.
  3. Bank Verification Number (BVN
  4. One passport photograph
  5. A form of identification. It could be an international passport, a driver’s license, or a national identification card.
  6. Your age should be between 22 and 55 years old.
  7. Employee ID card with 6 months of updated account earnings declaration.
  8. Employment letter, NUBAN cheques, or direct debit mandate.
  9. If you are a freelancer or unconfirmed employee, you must offer a guarantee.

While Zedvance states that credit checks are not always required, your application may still be refused due to factors such as a low credit score or late payments on past loans.

Read Also – Best Free USSD Loan Codes in Kenya

How to Download the Zedvance Loan App

To get the Zedvance Loan app, follow the steps below:

  1. Visit the Apple Store or Google Play Store: Launch the Google Play Store or the Apple App Store on your Android or iPhone.
  1. Look for the Zedvance loan application: Type “Zedvance Loan” into the search bar and press the search button.
  1. Choose the Zedvance Loan app: To open the download pages for the Zedvance Loan app, tap it in the search results.
  1. Download and install the app: Tap the “Install” button to download and install your tool’s app.
  1. Start the app and register: After installing it, open it and use the registration system to create a Zedvance loan account. Ensure that you provide accurate statistics at some point during the registration procedure. Once your registration is complete, you can use the Zedvance Loan app at any time to apply for a loan, test your loan history, and manage your account.

Note: The Zedvance Loan app is now unavailable on the Google Play Store. As a result, customers will need to apply for a loan online.

How to Apply for Zedvance Loan

To apply for a loan on the Zedvance platform, there are steps to follow:

  1. Visit the loan portal: To begin, go to the Zedvance loan portal by clicking the Apply Now option on the website or by accessing it directly.
  1. Register: As soon as you arrive on the loan portal, you must check in by providing accurate information such as your phone number, email address, BVN, start date, and password. Ensure that all statistics provided are accurate.
  1. Apply for a loan: Once registered, you can log in to your account and apply for a loan. Follow the instructions on the website and provide all necessary documents to complete the application process.
  1. Wait for a loan: After submitting your application, you may receive a notification if your loan is general. The process can take up to 48 hours, and you may be able to save your loan if this happens frequently. It is critical to understand that if you have already applied for a loan using an online website, you should not repeat the following processes to avoid confusion or duplication of programs.

Also Read – LAPO USSD Code: How to Activate and Use it

How to Apply for a Loan Using the Zedvance Loan Code in Nigeria

Zedvance Loan Code

You can apply for a Zedvance loan by using the USSD number *5858# on your mobile phone. Here’s a quick guide for those who are concerned about the steps:

1. Dail *5858# from your phone. Check that the smartphone range you’re using is included in your Bank Verification Number (BVN).

2. When the menu appears, select the option to use for a loan (this may be a personal preference).

3. Select your preferred loan amount and payment term.

4. Instead of clicking “Accept,” carefully read and comprehend the loan terms and conditions.

5. Confirm the economic institution account where you want the loan to be allocated.

That is it! Zedvance takes pride in its quick turnaround time, so you should plan accordingly based on your utility speed.

Here are some other variables to keep in mind:

  • This USSD carrier is primarily aimed at current Zedvance clients and public sector employees who may be pre-certified.
  • Borrowing wisely and just for the amount you can afford to repay is always a good idea.

Benefits of Zedvance Loan

Some benefits of Zedvance loan include:

  1. Flexible Repayment Terms: Zedvance offers flexible payment options, allowing debtors to choose a repayment plan that best matches their financial condition.
  1. Competitive Interest Rate: Zedvance offers borrowing rates that are lower than those of many regular banks and lenders.
  1. No Collateral Required: Unlike conventional lenders, Zedvance no longer requires collateral to secure a loan. This makes it easier for debtors to use their belongings as collateral to gain access to funds.
  1. Dedicated Customer Support: Zedvance provides dedicated customer care to assist borrowers with any inquiries or issues about the lending machine.
  1. Credit Rating Improvement: Borrowers who make timely payments on their Zedvance loans can improve their credit rating score over time, making it easier to obtain credit in the future.

Drawbacks of Zedvance Loan

One disadvantage of the Zedvance loan is that its operations are now limited to Lagos, Nigeria. This means that persons residing outside of Lagos would no longer be able to utilize the lending options available through the platform.

Zedvance’s mortgage application method involves a significant amount of paperwork. Applicants may also find the system intimidating and annoying.

If you’re self-employed or a freelancer, proving proof of work may be difficult, as Zedvance requires extensive documentation.

Read Also – Shika USSD Code and Loan Application

Zedvance Loan Limit and Interest Rate

Zedvance provides loan applications starting from ₦2,500 to N100,000, based on your credit score history. If you work in the public sector of the country, you may be eligible for a loan of ₦3,000,000.

Borrowers with a high credit score can borrow more money. If you pay off your loan on or before its due date, your loan limit will increase.

The interest rate varies according to the loan amount. Zedvance additionally charges a 3.5% interest fee and sends loan defaulters to the credit bureau.

The repayment period is flexible for debtors, ranging from 15 to 90 days for cheaper loan programs and up to 12 months for larger loan applications.

Lending systems will ban defaulters from receiving comparable loans, and even if they repay, obtaining the popularity of a loan may be difficult in the future.

How to Repay Zedvance Loan

Repaying a loan from Zedvance is a dependable method that provides excellent rate options. You can repay with cheques or direct debit mandates. If you prefer not to use cheques, you can pay directly into their account right away. 

If you wish to return the loan through a financial institution transfer, you must contact them and seek his or her account information. As a reminder, contact them at least 72 hours before the deadline for your loan.

It is vital to note that portion bills are not permitted, and the charge length is agreed upon before the loan is allocated. If you need to trade the charge date, it is possible but may incur additional expenses, therefore you should contact Zedvance.

In the event of default, a 1% penalty on the installment amount is imposed for each day of default. If the default exceeds 30 days, more rigorous procedures can be implemented, and your default reputation can be reported to credit bureaus. As a result, repaying your loan on time can help you avoid unwanted consequences.

Also Read – Sterling Bank USSD Code for Transfer and Loans

Zedvance Loan Contact

There are several ways you can contact Zedvance about a loan:

  • Contact the customer service center at 07001001000. 
  • Send them an email at data@zedvance.com.
  • They do have a WhatsApp number that you can use to contact them: 09095017151.
  • You may get more information on their website at https://zedvance.com.

Final Thoughts

Zedvance Loan Code in Nigeria provides a simple answer for those in need of quick cash assistance. By dialing the Zedvance loan code, you can quickly discover price ranges to fulfill your pressing needs. 

This service bridges the gap between financial emergencies and timely responses. Remember to make prudent financial decisions based on your ability to pay them off. 

Your feedback is greatly appreciated, so please leave a comment below. Stay up to speed with more valuable information by following us on our social media platforms: Facebook @Silicon Africa, Instagram @Siliconafricatech, and Twitter @siliconafritech.

Frequently Asked Questions

How quickly can I receive a Zedvance loan?

If you meet the conditions, your loan application can be approved in minutes.

Can I apply for a Zedvance loan without using a BVN?

Your loan application with Zedvance cannot be confirmed until you provide your bank verification number (BVN) and the phone number associated with it.

Why was my loan application rejected?

If the records provided are incorrect or the relevant files are not submitted, your application will not be accepted.

Can I use the USSD code?

Yes, dial the Zedvance USSD code *5858# and witness the technology in action.

Can I apply for a Zedvance loan using WhatsApp?

Yes, you can contact them over WhatsApp to apply for a rapid loan.


  • vtu.ng – Zedvance Loan USSD Code and Requirements


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Onyinyechi Ikemefuna
Onyinyechi Ikemefuna

Ikemefuna Onyinyechi Patience, a skilled Content Writer hailing from Anambra State Nigeria, holds a Higher National Degree in microbiology from Federal Polytechnic Oko, Anambra. Armed with robust research and SEO expertise, she excels in crafting articles spanning technology, finance, healthcare, education, and lifestyle. Her work stands out for its ability to authentically inspire and engage while inciting action. Beyond her writing prowess, Ikemefuna finds joy in reading, exploring movies, and delving into continuous research, contributing to her growth as a proficient writer.

Articles: 107

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