Unsecured Personal School Fees Loan
This is an unsecured personal loan with zero-collateral, targeted at meeting the financial needs of parents and guardians looking to pay the school fees for their children or ward in any tier of the education system in Nigeria.
Some of the benefits
Ease
The process of getting the loan is short and timely
Accessibility
The loan can be accessed by any parent with zero collateral
Flexibility
The loan repayment period can be extended to suit the parent's need
Adaptability
The loan caters to all level of education
What you get
- Increased loan tenor (that is 12 months tenor to be rolled over yearly for five years).
- Unsecured loan with zero collateral requirements.
- Short and easy process.
- Caters to all tiers of the education system.
How to get it
Visit any Stanbic IBTC Bank Branch
Frequently Asked Questions (FAQs)
What documents are required?
- Letter of Introduction and Salary Domiciliation from Employer
- Immediate past three months’ pay slips.
- Six months’ salary account statement (new customers).
- Valid means of ID or Staff ID.
- Invoice from the school indicating the tuition, accommodation and upkeep fees.
What is the maximum loan tenor?
12 months but can be extended
Does it cater to all levels of education?
Yes, this product caters to all tiers of education in Nigeria only. Request for international schools will be dealt using the Foreign Currency (FCY) loans parameters.
Is it for local schools alone?
No, local and international
What collateral is required?
None
What is the maximum loan amount?
Exact amount invoiced by the school
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What you get
-
How to get it
-
Frequently Asked Questions (FAQs)
- Increased loan tenor (that is 12 months tenor to be rolled over yearly for five years).
- Unsecured loan with zero collateral requirements.
- Short and easy process.
- Caters to all tiers of the education system.
Visit any Stanbic IBTC Bank Branch
What documents are required?
- Letter of Introduction and Salary Domiciliation from Employer
- Immediate past three months’ pay slips.
- Six months’ salary account statement (new customers).
- Valid means of ID or Staff ID.
- Invoice from the school indicating the tuition, accommodation and upkeep fees.
What is the maximum loan tenor?
12 months but can be extended
Does it cater to all levels of education?
Yes, this product caters to all tiers of education in Nigeria only. Request for international schools will be dealt using the Foreign Currency (FCY) loans parameters.
Is it for local schools alone?
No, local and international
What collateral is required?
None
What is the maximum loan amount?
Exact amount invoiced by the school