EBL Zero Installment Program launched

Eastern Bank Limited has launched EBL ZIP (Zero Installment Program) for its credit cardholders. EBL ZIP is a non-interest bearing equal installment plan that allows credit cardholders the flexibility to convert retail purchase transactions at designated outlets into an installment scheme. The customer pays back the amount over a tenor ranging from 3 months to 24 months without any interest.Managing Director & CEO of EBL Ali Reza Iftekhar unveiled this new value proposition for EBL credit cardholders. M. Nazeem A. Choudhury- Head of EBL Consumer Banking and other senior executives of EBL were present at the launching ceremony, according to a statement.