According to him, Xpress Save and Xpress Loan is a digital product designed to stimulate micro savings in the economy and at the same time expand access for eligible customers to obtain short term micro credit loans to bridge cashflow gaps thus contributing to the national efforts to deepen financial inclusion.
What is Xpress account in Ecobank?
The process of Xpress Cash, enables Ecobank customers to withdraw cash from any of the over 1,000 Ecobank ATMs without a card. The account holder simply generates a token pin (code) which enables him or her do a card-less withdrawal from any Ecobank ATM across the country or from an Ecobank agent.
Can I get a loan of 20 lakhs?
Salaried individuals are eligible to apply for a Rs 20 lakh Personal Loan. To check out the loan amount you are eligible for and the EMI on a Rs 20 lakh loan, you can use HDFC Bank Personal Loan Eligibility and EMI Calculators[RRS1] .
Whats an Xpress account?
An express account is a generic name given to a no-frills, low-cost checking account. These bank accounts are ideal for customers who like to use ATMs, access their accounts online and have limited need to make use of tellers and other high-cost banking services.
What will be the EMI for 20 lakhs?
EMI on a 20 lakh home loan for 20 yearsLoan AmountInterest rateEMIRs.20 lakh6.75%*Rs.19,300
How much loan can I get if my salary is 25000?
Most lenders determine the maximum loan amount up to 10 times of your monthly salary. If you earn Rs. 25,000 per month, you may become eligible for up to Rs. 2.5 Lakhs.
How much loan can I get if my salary is 15000?
A: A salary of Rs. 15,000 generally falls in the category of a low-income borrower group. So, an instant personal loan app with a maximum approval amount of 1.5 Lakhs can be availed by the borrower with a starting salary of Rs. 15,000.
How can I get loan from Ecobank Xpress?
Ecobank Nigeria recently unveiled a new product offering, Xpress Save and Xpress Loan, enabling customers to conveniently & speedily open digital savings accounts and also obtain short-term micro credit loans using their mobile phones through a USSD platform, *326#.