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