School Fees Made Easy Loan
School Fees is designed for economically active parents/guardians who have the willingness to educate their children in private schools or Public school. This product is tailored to close the gap between the need of the child and what the parent can offer in regard to school fees/levies, uniforms, books and school bus fees and others.
Features
- Loan range ‒ NGN 10, 000 to NGN 200, 000
- Grace period ‒ 1 Month moratorium (Approximately 30 days after disbursement)
- Repayment Mode ‒ Daily after moratorium
- Loan period ‒ Loan can be disbursed all year round (School payment System)
- Submit school fees schedule for the period
- Submission of school fees receipt after payment.
Benefits
- No collateral
- Access to funds for the prompt payment of children’s school related expenses.
- Flexible repayment structure
- Low interest rate
Documentation
- Savings account with CSD MFB minimum of 15% of loan amount
- Loan application letter
- Duly completed application form
- Guarantors
- A valid means of ID (national ID, driver’s license, voter’s card or international passport)
- Current utility bill
- Recent passport-size of the Applicant and Guarantor