Are you interested in knowing how to get a School Fees Loan in Nigeria? Are you having a challenge paying your school fees? If your answer is yes then you have to take this article very serious. See below for the full information about this.
Paying school fees has been one of the greatest challenge of most Nigerian students as so many of them have not supporter or poor family backgrounds. That been the case, here are some solution to that. So, if you are in this category of students then you have to take this opportunity very serious.
As a student or parent, there may be instances where you might not be able to meet up with your tuition or that of your child / ward for one reason or the other. This might be due to some financial limitations or one problem or the other. If you are in this category, you don’t need to worry yourself much, help is here. There are several financial institutions offering School Fees Loan in Nigeria.
You might be wondering what School Fees Loan is all about. Well, School Fees Loan is a short-term loan offered to parents/guardians to finance the educational needs of their children or ward. This may include all bills being paid in the school such as textbook, uniform, school accessories, tuition fees, etc.
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How to get School Fees Loan in Nigeria
As said earlier, we have many financial institutions that offers school fee loans in Nigeria. They basically do this to assist parents, guardians, or students’ inability to pay their school expenses. They are;
Access Bank Advance for school fees
As one of the biggest financial institutions in Nigeria, Access bank has designed this loan option to cover your children’s or wards Educational needs. They generally believe that Education is the most important investment any parent or guardian can make in their child’s tomorrow. This loan offer allows you to spread your repayment over 4 to 6 months, an Easy Application process, and a flexible repayment option.
- A completed Application form
- Duly Accepted offer letter
- The school fee bill of your child/ward
- A valid identity card and a utility bill which is at least 3 months old.
- 1 year Bank Statement
- CAC documents
- A duly Accepted offer letter
- Receipt of Acceptable guarantee
- Statement of the Net worth of guarantor
You can know more about this loan by visiting any Access Bank Branch Around you.
LAPO Microfinance Bank Education Loan
This loan option by LAPO Microfinance Bank is basically designed to cater for the payments of your children/ward’s school fees. The aim of this loan is to bridge the gap between the needs of your child and what you can afford. This loan option ranges from #20,000 – #200,000. This loan option has an interest rate of 48% Per annum.
- Loan application letter
- A completed application form
- 4 recent passport photographs
- 2 guarantors
- A valid means of identification
- Recent utility bill
Visit www.lapo-nigeria.org/loans/educationloan to know more about this
Guarantee Trust Bank School Fees Advance
GTBank is one of the powerhouse financial institutions in Nigeria. They have been around for many years. GTBank designed this loan facility to finance the payment of your child/ward’s tuition in any Financial institution in Nigeria.
However, this loan option is only available to people who work for public or private reputable organizations. Additionally, it is compulsory that you domicile your salary with the bank. Furthermore, the GTBank School fee advance allows you to access up to 5 million with a maximum of 4 months tenor per request.
- A completed copy of an Application form and an Employer Undertaking form
- The school fees bill of your child/ward and Credit Insurance
- Ensure that your salary is domiciled with the Bank
Page financial School Fees loan
It is the popular belief of page financials that it is the prayer of every parent to give their children quality Education. But in some situations, growing needs might get in the way of your child’s/ ward school fee payment. On this note, page financial basically design this loan to cater to your Education needs.