By Adedapo Adesanya
Nigeria’s leading financial institution, Zenith Bank Plc, has introduced a new loan scheme called Zenith Children’s Account Education (ZECA) Loan, created to assist parents and guardians pay their children/wards’ school fees as the new school session resumes in September.
The bank said in a statement that the loan offering will be paid directly into the account of the beneficiary’s school, but parents/guardians would have to open a ZECA account for their children/wards at any of its branches to enjoy it.
Speaking on the loan, the Group Managing Director/Chief Executive Officer of Zenith Bank Plc, Mr Ebenezer Onyeagwu, said, “The bank remains focused on providing premium financial solutions that create value for its customers and meet their lifestyle needs.”
The education loan offering, according to the bank’s CEO, comes at a very competitive interest rate and flexible repayment tenors.
ZECA is a specialized savings product for children between the ages of 0-17 years. The account enables parents/ guardians save towards securing the financial future of their children/wards.
Zenith Bank Plc is recognized as one of the most innovative financial institutions in Nigeria and was voted the most customer-focused bank in Nigeria for the Retail and SME segments in the 2018 KPMG Annual Banking Industry Customer Satisfaction Survey (BICSS).
The bank’s commitment to world-class service standards has led to several product innovations over the last few weeks including the “Zenith Timeless Account”, which allows Nigerians aged 55 years and above bank for free, the “Zenith Save for Me”, a high interest target savings account and “Dubai Visa Service” on the Zenith Internet Banking Platform, which allows convenient application and payment for visas to Dubai.
