The Alternative Bank, a new entrant to the non-interest banking industry, has announced its plans to empower its customers and foster financial growth through interest free credit.
The bank also is offering a revolutionary Free Credit Line programme, which will enable its customers to access up to 10% of their monthly turnover at zero interest for up to 30 days through its mobile banking app, Altbank.
The management of the new player in the non-interest banking space listed the key features of the bank’s Free Credit Line programme as zero Interest on credit as part of the lender’s support customers; access to access to 10% of monthly turnover, which will allow eligible customers the privilege of availing themselves of up to 10% of their monthly turnover, providing them with greater financial flexibility to meet their diverse needs and seize business opportunities.
Others are 30 Days Interest-Free credit which will enable its customers to manage their cash flow efficiently; Streamlined Application Process to make it user-friendly and convenient.
Speaking on the non-interest lender’s innovative service delivery strategies, the Director of Products and Innovation, Mohammed Yunusa, said: “At The Alternative Bank, we are dedicated to transforming the banking landscape and empowering our customers to achieve their aspirations. The interest-free credit available to all customers on the Altbank app is a reflection of our unwavering commitment to their success and financial well-being. We firmly believe that by providing access to interest-free credit, we can foster growth and strengthen our customers’ financial positions.”
He explained that the launch of the interest-free credit line on the Altbank app reaffirmed the bank’s position as a forward-thinking institution that remained focused on creating a brighter financial future for all.
