Ecobank Offers Mortgage Loans, Investment Options for Nigerians in Diaspora

Friday, April 15, 2021 / 05:00PM / Ecobank / Header Image Credit: Ecobank

Ecobankhas rolled out several investment packages and opportunities to encourageNigerians in the diaspora to own houses in the country and also participateactively in money and capital markets. Speaking to newsmen in Lagos atthe weekend, Olukorede Demola-Adeniyi, Head, Consumer Banking, said the bank isoffering mortgage loans to Nigerians living abroad to finance propertyownership in the country, stressing that the terms and conditions are flexibleand easily accessible. She encouraged them to open domiciliary account with thebank to access the various opportunities. The packages can also be accessed viaNaira accounts.

Accordingto her, "We offer loans for outright purchase of completed properties andrefinancing of existing homes. Our financing solutions also provide access to arange of respected property vendors that they can choose from to achieve theirdesired accommodation. We allow up to 10 years tenor at highly competitive interestrates. However, the borrower must be a legal resident of the country they areapplying from. As a bank, we want to eliminate the associated challenges facedby hardworking Nigerians who are interested in having properties of their ownat home here."

Mrs.Demola-Adeniyi added that Ecobank also helps Nigerians in the diaspora withresources for wealth management through investment in money market, capitalmarket, real estate and treasury products at attractive and competitiveinterest rates on both foreign and local currencies, stating that thebank offers financial planning advisory including information on stocks, bonds,real estates and insurance products, in addition to helping customers retrieve outstandingdividends and missing shares.

Sheadvised them to open a multi-currencyonline account in Naira, GBP, USD & EURO via https://aop.ecobank.com, addingthat they can also download the bank?óÔé¼Ôäós award-winning mobile banking app,Ecobank Mobile, which is available on app stores to enjoy real-time access totheir accounts from the comfort of their home. She further stated "You can download the Rapidtransfer app to send money home and yourbeneficiary can pick up USD cash at any Ecobank branch nationwide or have itdirectly credited into their Ecobank domiciliary account. You can alsosend money through any of our remittance partners such as Ria and Small Worldfor cash pick up and direct credit. Other partners such as Western Unionand MoneyGram are available for cash pick up only. You can wire funds directlyto your foreign currency account through our correspondent bank in USD, GBP andEuro."

Shedisclosed that the bank is actively driving the Central Bank of Nigeria?óÔé¼Ôäós Nairafor Dollar scheme which offers N5 on ever dollar received over the counter orinto an account. Customers who wish to receive their funds into their accountwill get one opened automatically in a seamless manner. She encouragedNigerians at home to inform their family and friends abroad to take advantageof this initiative so they can earn extra cash on their remittances.