This product is designed for parents and guardians to meet the payment of their Children School fees.
Objective: Objective: To enable customers have access to credit facility which will enable the payment of their child/wards school fees with ease on termly basis.
FEATURES:
- Opening balance is N5,000 for individual current account
- Tenor is 90days
- Interest rate 10% flat(Payable upfront)
- Loan application form is 1,000
- Credit search fee is 1,000
- Evidence of school fee bill of the child/ward(s)
- Security: 2 guarantors with Photocopy of identify card and two cheque leaflets, Pledge of household
- School fees will be paid directly into school account
- Loan will be duly guaranteed