Individual product
School Support Loan
Helps parents and guardians pay school fees and buy educational materials.
Who it is for
Parents and guardians.
Recommended collateral
Tangible asset (for higher amounts and longer tenors), post-dated cheque, standing payment order (Remita) or third-party guarantee
Loans above ₦5,000,000 must be secured by tangible collateral (vehicles, investment certificates, quoted stocks or real estate).
Risk acceptance criteria
- Regular and verifiable income
- School fees bill or invoice from the school
- No non-performing loan with any lender
- Guarantor with verifiable income
