7 Ecobank Loans With No Collateral Required
7 Ecobank Loans With No Collateral Required – One of the best things about Ecobank offers the pubic and especially its esteemed customers is the freedom to borrow and pay back slowly. This provides a wonderful means for everyone banking with this financial institution
to take a loan to solve whatever financial needs they may have.
In this article, Techblogbase will take you through the list of the types of loans that are available to customers at Ecobank. Interestingly, there is a loan package for everyone, inline with the bank’s loan policy. We urge you to read carefully till the end so you can be armed with all the information that you’d need to successfully apply and obtain a loan from Ecobank.
Types Of Ecobank Loan
Below are the available loans at Ecobank for all customers;
1. Personal Loan
Personal Loan is an all-purpose loan, offering you flexible repayment plans and the option to access additional funds after repayment over time. So whatever you’re financing, it’s easy to lean on us.
Features
- Purpose of loan need not be disclosed
- No tangible collateral required
2. Auto Loan / Asset Acquisition
Auto Loan or Asset Acquisition can help you make your dreams of purchasing a new vehicle or generator a reality, by offering you up to 90% of the cost of the asset.
Features
- Sold by approved Ecobank vendors
- Convenient repayment plans
3. Advance Facility
If you’re suddenly faced with unexpected financial needs, we can help. Advance Facility allows you to get fast access to up to 50% of your net monthly salary.
Features
- Renews every 30 days for up to a year
- Charges only apply on utilised amount
- Available to Ecobank customers of at least three months
- Ecobank Advantage/Premier Account required
To apply. kindly dial *326# from you mobile phone and follow the instructions
4. Mortgage Loan
Whether you’re buying a new home, or renovating or refinancing the home you live in now, Mortgage Loan is the ideal way to finance it.
Features
- Repay conveniently over up to 10 years
- Available for completed buildings only
5. Travel Loan
Travel Loan offers you a simpler way to manage your vacation expenses, and includes discounts on tickets prices and hotel accommodation.
Features
- Convenient repayment plans
6. Salary Advance
Providing instant access to funds for emergencies, Salary Advance is a 30-day overdraft facility, offering employees
of approved organisations access to up to 40% of their net monthly salary.
Kindly dial *326# to apply
7. Cash Backed Loan
If you have existing deposits or investments with Ecobank, Cash Backed Loan is a pre-approved, low interest loan that can help you access your cash without liquidating your savings.
Features
- Overdraft or term loan
- Access up to 90% of funds
How To Apply For Ecobank Loans
if you are interested in apply for any of the loans listed above, please visit the banks official loan application
portal on https://ecobank.com/ng/personal-banking/products-services/loans to apply.
