PRODUCT REVIEW: Ecobank eases school fees burden with Edusave Loan- an affordable, flexible, and convenient personal loan for parents

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Ecobank Uganda’s Head Office on Plot 8A, Kafu Road, Nakasero, in Kampala. The bank has opened up its branch network and digital platforms⏤ 10 branches in Kampala, Entebbe, Mbarara & Jinja as well as 2 service centres in Kireka and Nakasero (Head Office) and 400 Xpress agency banking points to ease access to MTN MoMo float for MTN’s over 120,000 agents across the country.

As the back-to-school season continues, especially for senior one and senior five students, Ecobank Uganda has launched Edusave Loan- an affordable, flexible, and convenient personal loan for parents with school-going children. The product focuses on helping parents finance their children’s educational needs such as school fees, uniforms and books among others. “Existing Ecobank Customers qualify for or can top up their current loans to a tune of UGX 280 million while non-Ecobank customers can simply transfer their loans to Ecobank and get 1% of the loan amount deducted and credited to their Edusave policy. The unsecured loans under this arrangement…

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