Ecobank Nigeria Unveils Loans, Remittances Scheme

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 supports customers with the financial freedom they deserve.

She stated that, as part of the scheme, 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 (LCY) and foreign Currency (FCY) to enjoy all the benefits of the Back2School Scheme.

Also Read: Nigeria Gets $3bn From World Bank, US to Boost Energy Transformation

According to her, “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.”

In the same vein, the bank is offering competitive rates on FCY inflows whether as fixed deposits or as cash collateral for loans.

Speaking on the dynamics of the scheme, the head, of Consumer Products, Mrs. Daberechi Effiong mentioned that loan offerings 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 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 school fees payment. The low-cost loan also comes with flexible tenors,” she stressed.

Chinaza Ogbachalu

My name is Chinaza Ogbachalu, and I am a writer. I have been writing news and opinion articles for five years plus and have always had a passion for storytelling. I grew up in Nigeria and graduated from the University of Port Harcourt, Nigeria, with a degree in linguistics and communication studies. I have written books that have been well-received by critics and readers alike. My work often focuses on culture and lifestyle, and I draw inspiration from my own experiences and observations of the world around me. As a news writer, I am responsible for researching and writing engaging and accurate news stories for our online audience. I have a strong passion for current events and am skilled at conducting interviews and gathering information from sources. I am grateful for the support of my readers and am constantly humbled by their enthusiasm for my work. Thank you for taking the time to learn more about me and my writing.