Ecobank Nigeria unveils special regime on loans and remittances – The Eagle Online

Ecobank Nigeria has unveiled a special Back2School loan and remittance program for all its customers. Korede Demola-Adeniyi, Head of Consumer Banking, Ecobank Nigeria, said the loan offerings were developed based on the bank’s understanding of the importance of education and to further support customers with financial freedom. they deserve.

She said that as part of the scheme, Ecobank will also provide Back2School gifts to customers when they receive remittances for tuition payments to their home account, pointing out that the bank has always shown its commitment and support in various customer segments.

Demola-Adeniyi noted that new and existing individual clients of the Bank can benefit from this program, pointing out that now is the perfect time to open an Ecobank account or reactivate dormant accounts, both in local currency (LCY) and in foreign currency (FCY). to enjoy all the benefits of the Back2School program. “According to her, “we realize that our customers are diverse with different needs and belong to different segments of society, which is why we always come up with initiatives like this to cater to our different target markets.”

In the same vein, the bank offers competitive rates on FCY inflows, whether in the form of fixed deposits or cash collateral for loans.

Speaking on the dynamics of the program, Daberechi Effiong, head of consumer products, mentioned that the loan offers are available for all categories of salaried and self-employed customers. “Customers can opt for the Employee Credit Program or Back2School depending on their cash flow. The cash collateral program allows clients to access competitive interest rates on their funds while accessing the Back2School loan. For the employee loan, customers can access up to N20 million for tuition payment. The low cost loan also comes with flexible terms.

Effiong listed the advantages of the Back2School program as follows: convenient repayment with flexible maturities to match customer cash flows, competitive interest rate on loans, competitive interest rate on deposits for cash-backed loans and FCY entries, exciting Back2School giveaways, additional N5 per dollar on remittances received, and easy access to other loan products, including the Buy Now Pay Later program with SPAR. She advised those who wanted further information to do so through the Bank’s social media platforms, contact center or email [email protected].

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