Home Bank Zenith Bank Loans: List Of Available Loans In Zenith Bank

Zenith Bank Loans: List Of Available Loans In Zenith Bank

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Zenith Bank Loans

From the list of available Zenith bank loans you might just see the one that best works for you. Zenith bank is making it easier for you to apply for personal loan, business loan and even finance loan. The most interesting part is like other loan agencies they have a competitive interest rate.

REQUIREMENTS TO APPLYING FOR ZENITH BANK LOANS

1. Have a Zenith bank account. This will increase your chances of getting the loans approve
2. You should have a working account that is active.
3. Open your salary account with Zenith bank.
4. Be a worker for a known government or private organization.
5. Valid means of identification

Other requirements will be provided in the bank when you want to apply for any of the Zenith bank loans. But the above are necessary to getting your loan application approve.

ALL AVAILABLE ZENITH BANK LOANS OPTION

Below are the eight available loan options from Zenith bank. Some of these loans also have subsidiary loans that makes it easier for the terms of service to be easily understood.

OVERDRAFT
RECEIVABLE DISCOUNTING / INVOICE DISCOUNTING
LPO FINANCE
IMPORT FINANCE FACILITY
EXPORT FINANCE FACILITY
TERM LOAN
LEASE
BONDS & GUARANTEE

ZENITH BANK OVERDRAFT

Like every other bank overdraft, the Zenith bank overdraft allows borrower to draw a certain amount of money in excess of their account balance. With this overdraft from Zenith bank, you can request for excess money from your bank. The period however will not exceed twelve months i.e a year.

Read Also: How To Easily Open A Zenith Bank Account From Home

RECEIVABLE DISCOUNTING / INVOICE DISCOUNTING

The Zenith bank Receivable Discounting/Invoice Discounting is a loan that allows the borrower to obtain monetary value (usually discounted) against confirmed invoices for jobs already executed.

LPO FINANCE

Zenith bank 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. If you have an unfinished contract with a company and you need money to complete the job then this Loan offer is just for you. When you apply for this loan offer from Zenith bank, you can pay for the cost of supply and pay back at the end of the contract.

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. This loan is best suited for persons who are into importation of goods and services. You can use this loan to easily pay for imported goods and pay back after you made sales.

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. This is the direct opposite of the Import Finance Facility. If you are into export of goods then this loan is worth your consideration.

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 on installment. What this means is that if you have business that needs expansion or you need to finance a project then consider this loan. Subject to some terms and conditions you will be granted this loan for a period of agreed time.

ZENITH BANK LEASE

Lease is specifically finance or sale and lease back financing to support the acquisition of asset or equipment.

ZENITH BANK BONDS & GUARANTEE

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.

Mntrends have put together simple loan calculators to help you better understand your loan. CLICK HERE to use the general loan calculator. If you would like to use Mntrends Auto loan calculator then CLICK HERE. For the Mortgage Loan calculator CLICK HERE to use the simple calculator.

These Zenith bank loans are aimed towards almost everyone. If you need to spend extra money then try the Zenith bank overdraft. But if you need to spend more then try the Zenith bank TERM LOAN. As at the time of writing this article it seems you have to visit a Zenith bank office to apply for the loan. You can CLICK HERE to see the Zenith bank branch nearest to you. Applying for any of the Zenith bank loans should be easy. Just visit a branch today and fill the form.

6 COMMENTS

    • If you have been receiving your salary with Zenith Bank for The past 6 months then you should be eligible for the offer. Visit any Zenith Bank branch near you for the application form. Thanks

  1. I want to undergo an IVF treatment but I dont have the required amount. My salary account is with Zenith. Do they have any loan package for health that I can access?

    • Blessing there should be a loan option available for you in Zenith Bank. Just visit any Zenith bank close to you and request for a salary loan. You’ll be given the form to fill. But please take note of the related terms and conditions and also the interest rate. Thank and we wish you all the best.

  2. Planning to set up a mini gas plant in a filling station around Ibadan and I have no money to finance the project, please can I get a loan from the bank. Already I have my salary account with zenith bank and still functional.

    • Abiodun Yes it is possible for you to get a Salary Loan from Zenith Bank. Just go to any Zenith Bank branch near you, request for the Salary Loan form and fill it. Also talk to a customer care about their related terms and conditions. All the best

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