Enterprise Bank has introduced a new loan scheme to specially cater for armed forces personnel.
The product, called ‘The Nigerian Armed Forces Special Personal Loan Scheme,’ is designed to avail personnel of the nation’s armed forces personal loans that will enable them to bridge their financial gaps at discounted interest rates, according to a statement by the lender.
The bank stated the facility was created for officers currently serving in the Nigerian Army, Air Force and Navy, from the rank of second lieutenant, pilot officer to midshipman.
The statement quoted the Head, Corporate Communications, Enterprise Bank, Igwe Igwe, as saying, “The loan is availed against the security of credit life insurance, domiciliation of salary and a third party guarantee. As a way of making it easy for the officers, the loan repayment will come from the beneficiary’s salary account domiciled with the bank.”
The bank had recently introduced “Tertiary Cluster Loan” for staff of all tertiary institutions in the country.
