Educational Loan

designed to assist members in payment of school fees, admission fees and all other educational related costs for themselves (members), their wards or other relatives as they so wish.

Features include:

• Monthly or daily repayment method
• Number of months for repayment should not be more than 12 months
• Amount granted should not be more than three times the member’s savings
• Attracts a monthly interest of 2% and 13% per annum

Requirements:

• Satisfy all conditions for acquisition of loans
• Attach admission bill and other relevant documents