Zedvance – online loan Nigeria
Zedvance consumer loans up to ₦5,000,000 without collateral.
Applying does not commit you to a loan agreement.
Screenshot of https://zedvance.com
Zedvance – Consumer Loans for Salary Earners Nigeria
Zedvance Finance Limited is a consumer finance company licensed by the Central Bank of Nigeria (CBN) that specialises in providing personal and salary-backed loans to Nigerian employees in both public and private sectors. Founded in Lagos, Zedvance has built a strong presence in the Nigerian consumer lending market by partnering with employers and offering salary domiciliation as its primary credit assessment approach. The company serves thousands of salary earners seeking quick access to personal credit.
Zedvance offers personal loans from ₦50,000 to ₦3,000,000 with repayment terms ranging from 3 to 24 months. Monthly interest rates start from 3.5%. Loan applications can be submitted online via the Zedvance website or at any of their offices. The main requirements are a salary domiciliation mandate, valid ID, recent payslips, and bank statements. Once documents are verified, loan approval takes 24 to 48 working hours and disbursement is made directly to your bank account.
Zedvance is regulated by the CBN as a finance company and operates transparently with all costs disclosed before loan acceptance. The company reports to the two major Nigerian credit bureaus (CRC and First Central), which means consistent repayment builds your credit profile. Zedvance is a solid choice for Nigerian salary earners, especially civil servants and employees of established organisations, looking for personal financing at competitive rates with a dedicated customer service team.
✓ Pros
- CBN licensed finance company
- Loans up to ₦3,000,000
- Repayment up to 24 months
- Top-up facility for repeat borrowers
- Reports to credit bureaus (builds credit)
✗ Cons
- Salary domiciliation required
- Limited to employed individuals
- Processing takes 24-48 hours
Loan example
Representative example: A personal loan of ₦300,000 over 12 months at 3.5% monthly interest. Monthly repayment approximately ₦31,296. Total amount repayable: ₦375,552. Total interest: ₦75,552.
Loan requirements
- ✓ Salary domiciliation mandate
- ✓ Valid government-issued ID
- ✓ 3 recent payslips
- ✓ 3-6 month bank statement
- ✓ BVN
- ✓ Employment confirmation letter
Loan features
- Salary-backed personal loans
- Loans from ₦50,000 to ₦3,000,000
- Terms 3 to 24 months
- Interest from 3.5% per month
- Top-up facility available
- CBN licensed
Frequently asked questions
24 hours after submitting your application.
The minimum amount at Zedvance is ₦1.