Ecobank Ghana and Enterprise Trustees have signed a partnership agreement to make meaningful contribution towards helping pension contributors acquire affordable homes.
The partnership also seeks to offer customers of both institutions a whole new experience with unending benefits.
Speaking at the signing ceremony, Managing Director of Ecobank Ghana, Dan Sackey said the partnership will enable Enterprise Trustees to make available to all workers, whose pension funds reside at Enterprise, a package that enables them to attract mortgages from Ecobank with zero down payments.
“Under this agreement, Enterprise Trustees will make available to all workers, whose pension funds reside at Enterprise, a package that enables them to attract mortgages from Ecobank with zero down payments. The bank will disburse the mortgage loan to the beneficiaries, who will pay monthly instalments over a 15-year period”, he noted.
He further added that, “this is a novelty for the Ghanaian financial services market, which should be embraced by workers. A regular mortgage will require the borrower to make available at least 20% down payment, but this innovative partnership offers a product that requires the borrower to make no deposit whatsoever. All that the borrower needs to do is to identify the house and Ecobank will provide the funding.”
“It’s been 10 years of running schemes, enabling contributors to build up funds towards their future retirement. This is a collaboration between two industry giants Ecobank Ghana and Enterprise Trustees. We are optimistic that our shared value of Excellence will be our guiding principle as we work together for the betterment of Ghanaian workers to own homes through a unique mortgage solution”, he added.