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 2% monthly (30 days) and 24% annually (12 months) with a Reducing but equal installment repayment
TERMS AND CONDITION
- 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