LOAN TERMS:
Lender
LOAN TERMS:
Zenith Bank
Eligibility
LOAN TERMS:
A revolving credit with a clean-up cycle availing up to 60% of your net monthly inflows whether you are self-employed, trading with your own name, running a current account or savings account. This is a flexible funding solution that will help address short term financial needs. You must have at least 6 months consistent inflow history on your account. The volume is a function of your demand deposit average.
Loan Limit
LOAN TERMS:
Maximum Limit: N20m
Minimum loan: N100,000
Interest Rate
LOAN TERMS:
Interest Rate: 20% p.a
Max Tenor
LOAN TERMS:
The repayment period is a maximum of: 24 months. You have an option for 6 months, 12 months, 18 months or 24 months.
Security Required
LOAN TERMS:
No additional security required.
Documents Required
LOAN TERMS:
Customer Application Letter.
Completed Loan Application Form.
Approval Time
LOAN TERMS:
About four days to one month from the time you submit all the required documentation
