What is the interest rate
We apply a risk-based pricing to determine repayment on loans.
What do I need to be eligible?
  • You must be in a paid employment
  • Your age should be between 22 and 55 years
  • You must have an active salary account
  • You must have a pension account
How do I apply?
To apply, logon to www.zedvance.com or visit our office located at 177A, Ligali Ayorinde Street, Victoria Island, Lagos.
How much can I borrow?
You can access up to N3,000,000.00
Can I make part payment on my loan?
No, you cannot make part payment as your loan repayment date are agreed before loan disbursement, however a change in repayment date is possible depending on your cash flow. Charges will apply in case you change your repayment date.
Can I pre-liquidate my outstanding loan?
Yes you can pre-liquidate your loan, however there is a pre-liquidation fee of 2% of loan value.
How early can I apply for another loan after repaying a loan fully?
You can apply immediately after a full repayment of existing loan.
What documents am I required to present?
  • 1 Passport Photograph
  • A valid means of Identification( International Passport, Driver's Licence or National ID card)
  • You will be required to fill a "Request of Account statement form" which one of our representatives will take to your Bank to print out your statement
  • Employee ID Card
  • Pension Statement or Tax ID and Employment Letter
  • NUBAN Cheques or Direct Debit Mandate
  • If you are an outsourced employee or your employment has not been confirmed, you will be required to provide a guarantor who must be a permanent staff of your firm and must have capacity
How can I repay?
You can repay with Cheques or Direct Debit mandate
How do I repay if I don’t want my cheques presented?
If you don’t want your cheques presented you can make payment in our account with details as follows:
# Account Name Account Number Bank Name
1 Zedvance Limited 2534371015 FCMB
2 Zedvance Limited 0154079762 GTB
3 Zedvance Limited 5100132957 Heritage Bank
4 Zedvance Limited 1013850266 Zenith Bank
5 Zedvance Limited 0690292585 Access Bank
6 Zedvance Limited 0054733517 Diamond Bank
(You must inform us at least 72 hours before your repayment date and effect transfer at least 48 hours before the payment date on the cheques)
What is the penalty for defaulting on loan repayment?
The default penalty is 1% on instalment amount for each day of default. If the default passes 30 days, more stringent measures may be applied which may include:
  • Reporting defaulter to his/her employer
  • Reporting defaulter to Credit Bureau
Can I change my repayment date?
Yes you can change your repayment date, but charges will apply.