Ecobank loan

Ecobank loan is for both salary and business owners whose account is domicile with the bank and are in need of cash either for personal needs, health issues, business purposes or for any other issues. They can apply for a loan up to 30 million without collateral for a period of 3 to 30 months term.

About Ecobank Plc.

Ecobank is a pan-African banking conglomerate, established in 1985 with operations in 36 African countries namely Nigeria, Kenya, South Africa, Burkina Faso etc. The bank provides loans, wholesale, retail, investment and transactional banking services to governments, financial institutions, SMEs, multinationals, local companies and individuals. These services are delivered by three business segments; corporate bank, domestic bank and ecobank capital.

Table of Contents
  • Ecobank Loan Requirements
  • Types of loan packages
  • How to Apply
  • Ecobank loan code
  • Interest Rate
  • Loan limit
  • How to repay your Ecobank loan
  • Conclusion.

Ecobank Loan Requirements

  1. Valid means of Identification.
  2. You must have an account with ecobank.
  3. Bank Verification Number (BVN).
  4. Completed application form.
  5. Credit Check.

Loan packages offered by Ecobank Nigeria plc

Ecobank loan

1: Ecobank Personal Loan

Life comes with different situations where unexpected or needed expenses may arise and exceed your income and savings. In this situation, personal loan can fill the financial gap.

Ecobank personal loan is an all-purpose loan, offering you flexible repayment plans and the option to access additional funds after repayment over time.

2: Ecobank Travel Loan

Want to fund your vacation but falling short on funds? A travel loan can be an ideal way to pay for a holiday that you can't quite cover in one go.

Ecobank travel loan offers you a simpler way to manage your vacation expenses that are associated with your travel such as airfares or any kind of transportation, hotel accommodation, tours, travel accessories etc.

3: Ecobank Payday Loan

With our ever-day needs and the tougher economy, we all know that our salaries might not sustain us until exactly a month later. Sometimes, you need to get your salary now to ensure you sort out that pending need.

Ecobank is giving you an instant access to funds for emergencies, Ecobank salary advance is a 30-day overdraft facility, offering employees of approved organizations access to up to 40% of their net monthly salary.

4: Ecobank Mortgage Loan

Whether you're buying a new home, or renovating or refinancing the house you live in now, Seeking for an Ecobank mortgage loan is the ideal way to finance it.

5: Ecobank Auto Loan/ Asset Acquisition

Auto loan or Asset Acquisition is a loan taken out in order to purchase a motor vehicle or generator. An Ecobank Auto loan or Asset Acquisition is what you need and they are offering you up to 90% of the cost of the assets.

6: Ecobank Cash Back Loan

If you have an existing deposits or investments with Ecobank, cash back loan is a pre-approved low interest loan that can help you access your cash without liquidating your savings.

How to Get a Loan From Ecobank

To get an Ecobank loan, click here to fill out a form or you can pay a visit to any Ecobank Branch near you and request for Ecobank loan application form. 

You can also get an Ecobank loan by following these steps:
  1. Dial *326# and send.
  2. Now, select option four (4).
  3. Now, follow the on-screen command to process your loan.
  4. Receive your loans within 24 hours.
  5. Repay on time to increase your loan limit.

Please note: You can also make use of Eco Bank branch locator to find out their nearest branch near you.

Ecobank Loan USSD Code

Ecobank loan code is *326# which can be used to access quick loans without collateral and also perform order banking activities without the need of an Internet connection or data, or you visiting any Ecobank branch near you.

Ecobank Loan Interest Rate

Ecobank monthly interest rate ranges from 5% - 30% depending on the information you summited when applying for a loan.

Ecobank Loan Limit

Their is no limit to any amount of loan you can get on Ecobank. You can borrow up to 30 million with up to 36 months repayment terms.

How to repay Ecobank Loan

Ecobank loan

It's your loan at when due? If yes, then, worry not. Ecobank make use of automatic debit system which automatically deducts your loan balance on your loans due date(s). Or you can visit any Ecobank branch or head Office near you to repay your loans.


Ecobank loan is for both salary and non-salary earners whose account is domicile with the bank. Please only apply for loans you can repay to avoid penalties.