Ecobank offers Back2School loans

Ecobank is offering its customers ‘Back2School’ loans.  Daberechi Effiong, head, consumer products of the bank, said the loans are available to all categories of customers in paid and self-employment.

“Customers can either opt for the Employee Credit or Cash backed Back2School scheme based on their cashflow.

“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.

“Effiong  listed the benefits of the Back2School scheme as follows: convenient repayment with flexible tenors to match customers’ cashflow, competitive interest rate on loans, competitive interest rate on deposits for cash backed loans and FCY inflow, exciting Back2School gifts, additional  N5 per dollar on remittance inflows received and easy access to other loan products including the Buy Now Pay Later scheme with SPAR.”