Obtaining a quick online loan in Nigeria is not always simple. Obtaining loans is possibly a full-time occupation. There are prerequisites, forms to fill out, and a series of cross-checks because, frankly, no one wants to lend money and not be repaid. For this reason, it is so laborious for security.

However, it is not always so difficult.

ALSO READ:  What You Must Know About Sterling Bank Loans

This article will discuss how to obtain loans from a specific form of lender. Here is information about Zedvance.

About Zedvance

Zedvance stands out amidst a plethora of loan providers that all claim to offer the same services, a circumstance in which it is difficult to distinguish oneself. Zedvance is a company that offers outstanding loan services without collateral or at reduced rates of interest.

Pros and cons

There are advantages and disadvantages to everything. If something has an effect, it will almost certainly have secondary effects. Not even Zedvance is exempt from this restriction. Here are the pro and cons:

Pros

1.The loans can be of high capacity. Meaning you could get a very substantial amount from them. It would take a lot to get a high amount of loan from any other credit facility, but with Zedvance, it’s much more manageable. Almost natural.

2.They boast of a quick loan approval process, faster than the usual. Which means you can get your loan practically as soon as you need it.

Cons

1.Zedvance operations nationwide are limited. It only operates in Lagos presently, and so that means any applicants and their applications from outside the state are as good as void.

2.There is too much paperwork involved. It requires a hefty amount of paperwork to fill out and completed in the application process, and at some point, it can get frustrating.

3.It requires proof of employment and quite a lot of it too if you’re self-employed or a freelancer that might prove challenging to present.

ALSO READ: Personal Loans in Nigeria

How much can you borrow from Zedvance?

Loans from Zedvance permit borrowing up to N5 million.

What are the interest rates for Zedvance?

Loans from Zedvance carry interest rates ranging between 12 and 45 percent.

Are there any additional fees for Zedvance?

There are no extra charges.

What do you need to take up a Zedvance loan?

The following documents are required to apply for a Zedvance loan:

1.Identification documents; passport, national identification card, and driver's license
2.The Request for Account Statement form, which you must complete and have the loan officer take to your bank for verification.
3.Your Employee Identification Card; to demonstrate your employment
4.A Direct Debit Mandate
5.Your Social Security Number or pension statement, as well as a letter of employment
6.A passport photograph that shows your face plainly.
7.For security purposes, you must provide permanent employees of your company as guarantors for independent contractors and temporary workers.

How fast are funds released?

Zedvance promises quick approval processes, and once the loan is approved, you receive it within minutes.

What are Zedvance's loan repayment terms?

Loans from Zedvance may be repaid over terms of up to 18 months.

ALSO READ: Travel loans – Where and how to get it in Nigeria

Conclusion

Working-class? Need a fast loan with a significant amount? Then you should seriously consider applying for and receiving a Zedvance loan.