Access Bank Plc has unveiled a credit card for the students of the University of Lagos (UNILAG) to improve their access to credits.
The lender introduced credit card that is loaded with N20,000 to the students, with the fund reloaded on exhaustion.
The card can also be used on Point of Sale (PoS) machines, make transactions abroad and among other major uses.
At the unveiling of the product at the UNILAG branch of the bank, the bank’s Product Manager, Student Credit Card, Jite Omo-Udoyo, said the credit card will enable students to have ready cash to spend.
“We do not want to see you go broke. We have developed a card where you can borrow N20,000 and spend it anytime and payback later. I know that some students may not have enough money during examination periods, and at such times, the credit card can be of great help,” he told the students.
With the card, he explained that a student can borrow N20,000 and spend it anytime and payback later.
Omo-Udoyo said the money from the credit card can also be used to pay school fees, serve as allowances and at the end of every month, the bank will provide the student with expenditure plan.
To benefit from the product, he said a student only need to open an account with the bank and will be issued the credit card and from that moment, he will never run out of cash from the beginning to the end of the semester.