Ecobank Rolls Out Special Loan Packages For Parents, Guardians As Schools Resume- The Legend News


The pan-African financial institution, Ecobank Nigeria has rolled out a special loan package for parents and guardians to enable their children/wards return back to school without any financial setback.

Ecobank in its announcement stated that the special loan packages is to parents/guardians pay school fees for their children and wards ahead of resumption for the 2021/2022 school year.

The bank also said that it is making special infrastructure loans available to educational institutions which will equip them adequately for the new session.

Head, Consumer Banking, Ecobank Nigeria, Korede Demola-Adeniyi, while announcing the various ‘back to school’ initiatives in Lagos, said; “It is in line with the bank’s overall strategy to support the development of the nation’s education sector”

“Ecobank’s digital offerings are targeted at reducing the financial burden on parents, students and schools, and also facilitating the ease of payment of fees without hassles.”

“The digital offerings include Ecobank Mobile App, EcobankPay and Ecobank Online for contactless fees payment; personal loans and salary advance packages at competitive interest rates, international transfers for offshore school fees payment and affordable remittance offerings.”

“Families abroad who wish to send money home to help with fees can do so at zero charges on the Rapidtransfer app. We have also provided the Banking-for-School pack for educational institutions to access working capital and loans.”

“The features of this pack include easy fee collections, zero charges on collection accounts with EcobankPay, secure online banking with Omni Lite and cards for easy payments.”

“As a bank that has the interest of its customers at heart especially at this period when schools resume, we understand the importance of education. Children deserve to go to school and we are making it easy for parents to provide them this basic right.”

“The loans available for the educational institutions can be accessed without bottlenecks as we have taken into cognisance the harsh effects of the Covid-19 pandemic.”

“Schools should appoint the bank as their preferred financial institution for payments and collections. Ecobank has demonstrated pedigree and expertise in fees collection, locally and internationally.”

“Schools and individuals that are yet to open Ecobank accounts should do so in order to access the offers available.”

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