About School Based Loan

This loan facility is specialy dierected toward assisting the private shool owners to systematically develop/improve/renovate the structure of their school.

This has a 60% p. A in  12 months with a Reducing but equal installment repayment

  • Repayment are scheduled termly
  • Processing charges applicable
  • Be an existing customer with a satisfactory current account
  • Be a nigerian citizen with proper identification (kyc)
  • Personal guarantee requiered
  • Tangible collateral requiered
  • Completion of various loan documents
  • Amount is considered within the single obligor limit
  • School must have obtained its registration/aproval from the respective ministry of education
  • Evidence of bank verification number (bvn)
  • Personal guarantee is required

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