School Fees Loan
A short-term credit facility designed to help parents, guardians, and caretakers meet school fees obligations for their children.
Overview
| Target Audience | Parents, guardians, and caretakers of school-going children. |
|---|---|
| Purpose | Financing school fees for primary, secondary, tertiary, and university education. |
| Loan Period | Up to three (3) months for primary and secondary education, and up to six (6) months for university and tertiary education. |
Loan Requirements
Applicants must meet the following conditions:
- Be an individual with an active business or a member of a recognized credit group.
- Applicant must be eighteen (18) years of age or older.
- Existing loan clients must present sufficient collateral.
- New applicants may be required to provide collateral covering up to 100%, while repeat borrowers may provide up to 60% depending on repayment history.
Loan Features & Benefits
| Category | Details |
| Education Access |
|
|---|---|
| Repayment & Flexibility |
|
| Interest & Collateral |
|
SCHOOL FEES LOAN
School Fees Loan Overview
A short-term credit facility to facilitate the payment of school fees by parents, guardians, and caretakers of school-going children.
Benefits
- Facilitates access to education
- Short loan period — 3 months for primary and secondary education; 6 months for university and tertiary education
- Flexible collateral requirements
- The loan can be offered on a repeat basis depending on repayment history
- Favourable interest rates
Requirements
- Individuals with active businesses or members of credit groups
- Applicant must be 18 years of age or older
- Existing loan clients must present sufficient collateral — up to 100% for new applicants and 60% for repeat borrowers
