Zenith Bank

Interest Rate (23% – 34.5%)

 

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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

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