They provide structured credit to meet running costs or lump sum funds for your more audacious plans, our loans will enable you get to the next level. Ideas capable of reshaping the world often require vast sums of money to bring to life. Their loans have never met an idea they couldn’t birth. 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.
- Maximum tenor of twelve months
- Flexible conditions
- Salaried employment required
- Zenith bank account required
- Completed Application Form
- Zenith account required
- RECEIVABLE DISCOUNT/ INVOICE DISCOUNTING
Receivable Discounting/Invoice Discounting is a loan that allows the borrower/obligor to obtain monetary value (usually discounted) against confirmed invoices for jobs already executed.
- LPO FINANCE
LPO Finance is a loan made available to borrowing customers to finance the supply of materials or execution of specific supply contracts to reputable organizations.
- IMPORT FINANCE FACILITY
Import Finance Facility is a type of credit availed specifically for the importation of raw materials, finished goods and equipment. This can be made available as Unconfirmed LC, Confirmed LC, Deferred Payment LC, Standby LC and Irrevocable LC.
- EXPORT FINANCE FACILITY
Export Finance Facility is a credit availed specifically for the export of agricultural produce or other commodities. This credit can either be availed at the pre-shipment or post-shipment stage of the transaction.
- TERM LOAN
Term Loan is a credit (short term, medium or long term) availed to finance specific capital projects expansion or lines of business for a specified tenor. Repayment can be bullet, balloon or installment.
Lease is specifically finance or sale and lease back financing to support the acquisition of asset or equipment.
- BONDS AND GUARANTEE
These create contingent exposure for the bank. They take the form of instruments issued on behalf of customers to support contracts for supply, construction and performance.