Loading, please wait ...

Go back to blog homepage

Zedvance Review
Share article

Zedvance Review: What you need to know

Zedvance Finance is a leading consumer finance company, committed to providing lending services in the most efficient and convenient manner through best practices.

A subsidiary of new-age financial solutions powerhouse, Zedcrest Group, the company prioritises integrity with policies geared toward fair business practices.

Since inception, the platform has been at the forefront of driving financial inclusion in Nigeria, by bridging access to credit for both salary and non-salary earners.


For more reach, the company recently launched MoneyPal.

MoneyPal is a mobile application through which Zedvance customers can access collateral-free loans.

MoneyPal offers loan amounts from N2,500 to N5,000,000 with repayment periods from 60 days to 24 months. Its daily interest rates range from 0.5% to 1% with an Annual Percentage Rate from 182.5% to 365%.

The MoneyPal app offers two types of short-term loans.

1. Zedvance Nano – An instant short-term loan designed to take care of moments where you need to bridge gaps in finances for a short while.

2. Zedvance Payroll -Zedvance Payroll is a personal credit granted to salary earners employed by either a private or public organization.

Zedvance Finance is also looking to increase its bouquet of loan offerings as it recently announced that it will be launching ‘Zedvance for Business’.

How to get a loan from Zedvance on nairaCompare

  1. Visit Zedvance on nairaCompare
  2. Browse through various Zedvance product offerings to select the product that best suits your need.
  3. Fill in all required details like name, address, phone number, etc., and submit your application online.
  4. Once your application is approved by Zedvance, you will receive an email confirming the approval and providing instructions on how to receive your loan amount.
  5. Follow the instructions provided in the email to complete all necessary formalities for receiving your loan amount from Zedvance through nairaCompare’s secure payment gateway system.

How to get a loan on the MoneyPal App

Registering on the app is a simple process. All new users need to do is input their full name, date of birth, Bank Verification Number, BVN, as well as their BVN linked number.

After that, users are prompted to agree to the terms and conditions and consent to MoneyPal’s privacy policy.

The next step is to set up a password. Users will then receive a One Time Password, OTP, either by voice call or SMS.

Users are also required to enter their email and another OTP will be sent for verification. Once the email is verified, they are then prompted to set up a five-digit pin.

You can then proceed to start applying for and receiving loans.

Depending on your internet speed, the process takes between five to 10 minutes.

Zedvance Review

Zedvance Loan repayment

The MoneyPal finance app has simplified the process of loan repayment by providing more than one option for borrowers.

On the MoneyPal app, you can repay your loan by transferring it into a unique virtual account tied to your profile. You can also use your debit card registered on the platform.

Customer care

Zedvance has multiple ways through which it collects feedback or complaints.

You can either send the company an email or contact them through the unique phone number they provide. Also, you can reach out via the AI-powered chatbot found both on the Zedvance website and the MoneyPal app.

Additionally, Zedvance has a WhatsApp channel, Zee through which customers can get instant responses to their queries.

Benefits of Zedvance Loan Services

Competitive Interest Rates: Zedvance offers competitive interest rates on its loans, making it an affordable option for customers who need access to funds.

No Collateral Required: Unlike traditional lenders, Zedvance does not require you to provide collateral to secure a loan. This makes it easier for you to access funds, especially if you do not have assets to pledge as collateral.

Transparent Process: Zedvance has a transparent loan application process, providing customers with clear information on loan terms, interest rates, and fees. This helps you to make informed decisions and avoid surprises.

Fast Disbursement: With Zedvance, you can receive funds quickly and easily. The company's digital lending platform enables you to apply for loans and receive funds within 24 hours of approval.

Flexible Repayment Options: Zedvance offers flexible repayment options. You can choose to repay their loans in weekly or monthly instalments, depending on your financial situation.

Are you ready to take your financial goals to the next level through responsible borrowing?

You can browse through nairaCompare’s rich array of lenders to see what suits you best.

Was this post helpful?

Find the best loan.

Borrow money online when you need it, at a rate you can afford!

Scroll to Top

Sign up for our newsletters now for the latest updates on loan offerings, money tips, and qualify to check your credit score ₦600 free!

By continuing, you agree to our Terms & Conditions and Privacy Policy.