Description
Zenith Bank
Zenith bank provides loans for your business, education or other personal needs. The loan can be received through an Overdraft which allows the borrower to draw a certain amount in excess of the credit balance in their current account within a specified tenor usually not exceeding 12 months.
An overdraft is loan arrangement under which a bank extends credit up to a maximum amount/overdraft limit against which a current account customer can write checks or make withdrawals. The most common form of business borrowing, an overdraft is a type of revolving loan where deposits are available for re-borrowing, and interest is charged only on the daily overdraft balance.
Pros
- Revolving overdraft
- Maximum tenor of twelve months
- Flexible conditions
Cons
- Salaried employment required
- Zenith bank account required
Requirements
- Completed Application Form
- Zenith account required
