Product Description

Money lent to a client to purchase fixed or capital assets, repayable by regular monthly reductions over a fixed period of time at an agreed rate of interest. A separate account styled loan is opened with a debit balance.


  • No debits posted to account after initial draw down
  • Interest debited monthly
  • Available to individuals and businesses


The following conditions should be met before the facility is approved by the Branch Manager/Personal Banker:

  • Purpose of the loan
  • Amount required and whether it is justified and sufficient
  • A detailed cash flow projection - which must be realistic and based on reasonable assumptions (business)
  • Period required
  • Source of repayment
  • Future earning capacity of borrower
  • Other outstanding commitments of the borrower
  • Future prospects of the industry in which the business operates (business).
  • A written agreement (offer letter) covering terms and conditions entered into are concluded before disbursement of the loan and provided these are adhered to, the bank will not call for early repayment.


An arrangement fee is charged, thereafter interest is charged monthly in arrears to customer’s account.

To open an account visit any ZB Bank branch, application form Click here

Guide to using  Loan account  - click here It must land to a user guide page

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