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The School Fees Advance is a time loan advanced to parents/guardians strictly for the payment of their children’s/wards’ school fees.

Features and Terms

• Minimum Facility Amount: N50,000.00
• Tenor: Maximum of 4 months per cycle
• Repayment: Equal monthly installments comprising of both principal and interest. Monthly principal plus interest repayment shall not exceed 50% of monthly salary.
• Interest rate and Fees: Competitive
• Security/Support:
  o Letter of undertaking from employer to domicile staff salary.
  o Credit Insurance