Enterprise Bank
From Benjamin a ameh, Lagos
Enterprise Bank has introduced another unique product specially designed to cater for, unions and cooperatives in line with the bank’s commitment to continually delight her growing clientele across the country. The product, named “Union & Cooperative Loan Scheme,” offers credit facilities to employees who belong to the same union or cooperative association in an organization.
The Bank announced in a statement that subscribers to the loan, which features a reasonable interest and a group life assurance, will access various sums, which are available with repayment tenures of up to three years.
According to press statement released by IGWE U. IGWE, Head, Corporate Communications of the bank, disclosed that the “Union & Cooperative Loan Scheme,” is a product that has been carefully crafted for associations and unions in organizations like local governments, government agencies, schools, health institutions, companies among others.
Such organisations are expected to provide the bank with a level of guarantee to ensure monthly deductions from the members of the borrowing association throughout the tenor of the facility among others.
Enterprise Bank that is currently in a business combination exercise with Heritage Bank to serve its customers more satisfactorily in a strong, bigger and better bank has been consistently introducing new products and services that serve the different strata of society, including undergraduates, young university graduates, youth corps members, young business entrepreneurs, farmers and Small and Medium Enterprises (SMEs) just to mention a few.
The introduction of these products, the statement added, is in the spirit of the promise by the financial institution to constantly seek new ways of improving the standard of living and lifestyle of the people.
