‘Enterprise Bank Loans Still Available To Varsity Staff’

Posted by African Examiner Banking & Finance, Business News Wednesday, November 27th, 2013

Kayode Adelowokan, Lagos

Damming the on-going strike action of the Academic Staff Union of Universities (ASUU), the management of Enterprise Bank Limited has reaffirmed that the strike does not affect “The University Staff Cluster Loan,” which was launched recently.

The product is designed to avail staff of Nigerian universities, both academic and non academic staff, personal loans, which will enable them to bridge financial gaps at discounted interest rates. The loan is coming as one of the bank’s continual quest to delight her customers that are operating in the different strata of the society.

Interestingly too, the bank said in a statement signed by its Head, Corporate Communications, Olusola Longe-Okenimkpe, that subscribers to the loan will also stand a chance of accessing funds of between a minimum of N250, 000 and a maximum of N5, 000,000.00, with a repayment period of up to three years.

The statement also said that the product will also allow lecturers, especially, professors to access the loan even at the age of 65 years.

One of the unique selling points of the product, according to the statement is that the subscriber can take the loan immediately ahead of transferring his preferred salary account to Enterprise Bank.

In addition, beneficiaries of this unique financial support from Enterprise Bank will also enjoy credit life insurance on their facility, which will protect their families from liabilities in the event of death. With this loan, university personnel can also receive an enhancement under our Enterprise Top-Up Loan facility, which is available after 12 months of consecutive regular servicing of the loan.

The coming of the product is a further justification of the promise by the management of the financial institution to continually seek new ways of improving the lives of the general public. The statement also added that it is expedient at this point for both the federal government and ASUU to come to an understanding; call off the strike in the interest of Nigerian students and the country at large.