Business

Enterprise Bank to Avail Loans to Varsity Workers

Irrespective of the on-going strike embarked upon by the members of the Academic Staff Union of Universities (ASUU), Enterprise Bank Limited has reaffirmed that it does not affect its “University Staff Cluster Loan” which was launched recently. The product was designed to avail staff of Nigerian universities (both academic and non academic staff) personal loans, which would enable them bridge financial gaps at discounted interest rates.
 
A statement from the bank also explained that subscribers to the loan also stood 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. Aside from that, the product will also allow lecturers, especially, professors to access the loan even at the age of 65 years.
 
“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 bank stated.

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