A technology-based organisation poised to enhance the financial inclusion policy of government, Zedvance, has announced plans to introduce more products into the economy.
A leading consumer finance company committed to providing loans in the most efficient and convenient manner through best practices, said Thursday it can lend up to N25 million to a customer over a 24-month repayment period.
Addressing the press in Abuja, Group Head, Marketing and Communications, Adebowale Banzi, said the company gives out Nano loans to NYSC members, students as well as to the public and private sectors.
“A subsidiary of new-age financial solutions powerhouse -Zedcrest Capital Ltd-Zedvance services a growing number of the Nigerian population through innovative products.
“Since commencing operations in March 2014, Zedvance has traditionally provided loans to only salary earners in the public and private sectors. With the recent launch of a dedicated mobile lending app – money pal- however, the company is now catering to the lending needs of non-salary earners as it seeks to deepen its financial inclusion strategy across the country.
“With the MoneyPal app, subscribers can request for Zedvance Nano loans -typically low-ticket loans which are payable within a short time; or salary-based loans -of up to N5million and at tenures of up to 24months at amazing interest rates,” he stated.
Announcing the introduction of the app, Chief Operating Officer, Zedvance Limited, Mr. Jerry Osagie said, “Our investment in digitalizing our business has allowed us to anticipate and meet our customer needs in increasingly efficient ways. This has also allowed us to disburse loans to customers round-the-clock in a few minutes, ensuring that we are always there for our customers.”