Bank Loans

How To Borrow Money Via Zenith Quick Loan Code [Updated 2024]

Published by

Zenith Bank is one of the leading financial institutions in Nigeria. It offers various loan options to its customers. These loans are designed to meet different financial needs.

They include personal, business, and emergency expenses. There are different ways to borrow money from Zenith Bank. One of the top methods is using their loan code.

In this guide, I’ll show you how to apply for a loan from Zenith Bank using their loan code.

Zenith Bank logo

Zenith Bank Quick Loan USSD Code

The Zenith Bank Quick Loan is accessible by dialing *966*11#—apply today!

NOTE: This service is available 24/7. It caters to urgent financial needs. These needs include medical bills, school fees, and business opportunities. You don’t need to visit a bank branch.

The loans have competitive interest rates. You must have an active Zenith Bank account, a linked BVN (Check your bvn here), and a good credit history to be eligible.

How To Borrow Money From Zenith Bank

To borrow money from Zenith Bank using loan codes, follow these steps:

  1. Ensure you have an active Zenith Bank account. Meet the bank’s criteria, such as being at least 18 years old and having a regular source of income.
  2. Use your registered mobile phone to dial *966*11#. This USSD code allows you to access Zenith Bank’s quick loan options.
  3. After dialing the code, follow the on-screen instructions. You’ll be asked to provide details such as the desired loan amount and repayment period.
  4. Zenith Bank offers various loan products like quick loans and salary advances. Each product has its specific terms and conditions. Choose the one that best fits your needs.
  5. The funds will be credited to your Zenith Bank account if your loan application is approved. The approval process is typically quick, thanks to the streamlined USSD service.
  6. Be aware of the loan’s repayment schedule. Zenith Bank deducts the repayment amount from your account on the due date.

Related ArticleAccess Bank Loan: USSD Code & Requirements

Zenith Bank Loan Requirements

The requirements for obtaining a loan from Zenith Bank generally include:

  1. Applicants must be at least 18 years old.
  2. Have an active account with Zenith Bank.
  3. Applicants should have a regular source of income. It usually has a minimum monthly earning threshold.
  4. A positive credit history is crucial for loan approval.
  5. A Bank Verification Number (BVN) is linked to the applicant’s account.
  6. Certain loans, such as salary-based loans, require proof of employment and income stability.

Zenith Bank Loan Eligibility

Once you meet all requirements set by the bank, they will quickly approve your loan. The age limit is a minimum of 18 years and less than 60 years.

To qualify, you need a monthly salary of 10,000 Naira. Additionally, you should not have any existing loans with the bank or any other bank.  With the Zenith Salary Advance loan, you can borrow up to 60% of your monthly income.

How to Repay the Zenith Bank Loan

You do not need to do anything special when repaying the Zenith bank loan at the end. All you need to do is to ensure that the Zenith Bank account you used for the loan is adequately funded. The bank will make deductions straight from your account.

Zenith Bank Loan Interest Rate

The interest rates for loans from Zenith Bank in Nigeria vary depending on the type of loan and the borrower’s profile. For quick personal loans accessed through the Zenith Bank 966# Quick Loan code, the interest rate is a flat 3%.

The repayment period is 30 days. The bank also offers the Zenith Bank Eazy Loan, which allows borrowing up to N500,000. The loan has competitive interest rates, although the exact rates are not specified.

Zenith Bank’s MSME Loans have a significantly higher interest rate, reported to be as high as 27%. This is the case for small and medium-sized enterprises (SMEs).

This rate is notably higher than the rates offered to the bank’s directors and key management staff. Reportedly, they enjoy an average interest rate of 4%.

Interest rates are subject to change and may vary based on the bank’s policies and market conditions.

Borrowers should contact Zenith Bank directly or visit their official website for the most current and specific information regarding interest rates for each loan product.

RecommendedTop 10 Best Loan Apps in Nigeria With Low Interest


*966 *11 Loan Code Not Working Zenith Bank

If the *966*11# loan code for Zenith Bank isn’t working, it could be due to several reasons. First, make sure your phone number is correctly registered with Zenith Bank and linked to your account.

Sometimes, the issue could be due to network problems, so retrying after a while might help. If the problem continues, contact Zenith Bank’s customer service for assistance.

Can I borrow money from my Zenith account?

Yes, you can borrow money from your Zenith Bank account, provided you meet their eligibility criteria. Most importantly, ensure you understand the terms and conditions of the loan before proceeding.


We could someday find ourselves in a financially hard situation, and that’s nothing to write home about. Things could get tough, and we might need a little push now and then, and the Zenith Bank loan does just the job. Get one today if you require it. 

Published by