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In its continual quest to delight her customers that are operating in the different strata of society, Equitorial Bank Plc  has launched another product that is called “The University Staff Cluster Loan.” The latest product is designed to avail staff of Ghanaian universities (both academic and non academic staff) personal loans, which will enable them to bridge financial gaps at discounted interest rates.

Interestingly too, the bank said in a Statement that subscribers to the loan will also stand a chance of accessing funds of between a minimum of 250,000 Cedis and a maximum of Cedis5,000,000.00 Cedis, 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 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 Equitorial Bank Plc .

In addition, beneficiaries of this unique financial support from Equitorial Bank Plc  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.

OLUSOLA LONGE-OKENIMKPE

Head, Corporate Communications