Ecobank Nigeria has unveiled a special Back2School loans and remittances scheme for all its customers.
Head, Consumer Banking, Ecobank Nigeria, Korede Demola-Adeniyi, said the loan offerings have been developed based on the bank’s understanding of the importance of education and to further support customers with the financial freedom they deserve.
As part of the scheme, she said Ecobank will also be providing Back2School gifts to customers when they receive inflows for school fees payment into their domiciliary account, stressing that the bank has consistently shown its commitment and support across various customer segments.
Mrs Demola-Adeniyi noted that both new and existing individual customers of the Bank can benefit from the scheme, highlighting that this is the perfect time to open an Ecobank account or reactivate dormant ones, in both local currency and foreign currency to enjoy all the benefits of the Back2School Scheme.
She said: “We are aware that our customers are diverse with different needs and belong to different segments of the society hence we are always coming up with initiatives like this to cater to our various target markets.”
Similarly, the bank is offering competitive rates on foreign currency inflows whether as fixed deposits or as cash collateral for loans.
We are aware that our customers are diverse with different needs and belong to different segments of the society hence we are always coming up with initiatives like this to cater to our various target markets.
Speaking on the dynamics of the scheme, Head, Consumer Products, Mrs Daberechi Effiong, said the loan offerings are available to all categories of customers in paid and self-employment.
“Customers can either opt for the Employee Credit or the Cash-backed Back2School scheme based on their cash flow.
“The Cash-backed scheme gives customers access to competitive interest rates on their funds while accessing the Back2School loan. For the Employee Loan, customers can access up to N20 million for the purpose of school fees payment. The low-cost loan also comes with flexible tenors,” she added.
Mrs. Effiong listed the benefits of the Back2School scheme. These include convenient repayment with flexible tenors to match customers’ cash flow; competitive interest rate on loans; competitive interest rate on deposits for cash-backed loans and foreign currency inflow; exciting Back2School gifts; additional N5/$1 on remittance inflows received and easy access to other loan products including the Buy Now Pay Later scheme with SPAR.
She advised those seeking further enquiries to do so via the Bank’s social media platforms, the contact centre or send an email to AllENG-ConsumerProductsTeams@ecobank.com.
