Schools Fees Loan

The future you want for your child can become a reality with a Stanbic IBTC School Fees Loan. This loan is open to Stanbic IBTC customers only. The loan can also be used to pay for other expenses, such as buying a laptop or materials needed to complete school projects.

What does it offer you:

  • You get immediate access to a revolving term loan to pay school fees directly to the school.
  • Flexible repayment terms over four months (if the school fees are payable each term) or 12 months (if school fees are payable yearly).
  • Flexible interest rates.
  • You can renew the loan every year if you have a satisfactory repayment and current account record.

 

What do I need to apply:

  • An overdraft can be proof that confirms your place of work.
  • You must have been with your current employer for six months or longer.
  • Salary domiciliation/payroll deduction at company level.
  • Permanently employed or contract worker at an approved company with valid contract terms.
  • You have to be a Nigerian citizen with permanent residency.
  • Earn a minimum net monthly income of N20 000.
  • Must be 21 years or older (but not older than 60 years on expiration of the facility).
  • A satisfactory credit bureau report.

 


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