School Fees Loan
(accessing quality education with convenience)
- Application letter
- Applicant to provide school fees bill
- Applicant who is a salary earner must provide copy of letter of employment, confirmation letter, official identity card; three months pay slip and 6 months’ salary account bank statement. 3 Undated signed cheque leaflets for salary account.
- Maximum loan of 50% -70% of school fees value.
- Domiciliation of salary or automation of Direct debit deduction from salary account on a monthly basis/ provision of undated signed cheque leaflets for salary account for monthly repayment.
- Two guarantors who are salary earners. Guarantors to submit 3 months pay slip, copy of official ID card, undated, signed cheque leaflets for monthly repayments, I passport photograph and salary account bank statement and execute personal guarantee form.
- Loan to be liquidated by end of term/semester or session, maximum repayment tenor of 12 months.
- Letter of admission from the borrower’s school
- Tangible Collateral which must be at least 150% of the loan value for loan value above =N=500,000
- Micro insurance cover.
- Application letter
- Applicant to provide school fees bill
- Applicant who is a salary earner must provide copy of letter of employment, confirmation letter, official identity card; three months pay slip and 6 months’ salary account bank statement. 3 Undated signed cheque leaflets for salary account.
- Maximum loan of 50% -70% of school fees value.
- Domiciliation of salary or automation of Direct debit deduction from salary account on a monthly basis/ provision of undated signed cheque leaflets for salary account for monthly repayment.
- Two guarantors who are salary earners. Guarantors to submit 3 months pay slip, copy of official ID card, undated, signed cheque leaflets for monthly repayments, I passport photograph and salary account bank statement and execute personal guarantee form.
- Loan to be liquidated by end of session, maximum repayment tenor of 12 months.
- Letter of admission from the borrower’s school
- Tangible Collateral which must be at least 150% of the loan value for loan value above =N=500,000
- Micro insurance cover.
APPLY NOW
Frequently Asked Questions
We are available to help you with any of your banking needs. Do you have a question? We have got answers to some frequently asked questions about our products and services and much more.