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