First Edu loans is an initiative by the premier and leading financial service provider in Nigeria, the First Bank of Nigeria Limited. This service is basically an educational solution that aims at enhancing Educational facilities in the Nation. This move is to improve the quality of Education in Nigeria.
Furthermore, this loan offering meets the needs of Private Nursery and Secondary schools in Nigeria. This includes payment of staff salaries, purchase of buses, replacement or repair of furniture, etc. Asides from all these, and also to help them achieve their medium and long-term goals.
Asides from the provision of financial aid to the private nursery and secondary school owners, the FirstEdu Portal is basically a platform for managing academic, administrative, professional, and logistic payment challenges. In addition to this, it also features an e-learning platform, virtual library, academic calendar management, etc.
In this article, we will discuss all that you need to know about FirstEdu loans. This includes the eligibility requirements, how to apply, etc. In short, the lending processes.
The First Bank of Nigeria is the apex Bank in West Africa with its impact woven into the fabric of society. In fact, over the years, to be more precise 126 years, they have been sustaining their development-oriented service as Nigeria’s foremost inclusion service provider.
Furthermore, First Bank of Nigeria offers a comprehensive range of retail and corporate financial services to over 17 million customers. They basically achieve this through their 57,000 business outlets across the nation.
As a national icon in the Nigerian Banking industry, First Bank of Nigeria is basically one of the most enduring financial services brands in Africa. They have an international footprint in London, Paris, Congo, Ghana, The Gambia, Guinea, Sierra Leone, and Senegal.
As the Apex bank in Nigeria, First Bank has been nimble at promoting a digital economy in Africa. In fact, they have been able to issue over 10 million cards, and they are the only bank in Nigeria to ever achieve this feat. Asides from this first bank’s financial drive for cashless transactions have resulted in over 28 million users on their USSD banking services.
To access the FirstEdu loan, your school must own the following documents. These are:
Note that you may also be required to verify your identity by providing government-backed identity documents.
You can apply for the FirstEdu loan if your school satisfies the following:
The application processes for FirstEdu loans are hassle-free and seamless. To apply kindly follow the following procedures:
As we have stated earlier, the Maximum loan amount your school can access is N20 Million. Also, it is important to note that the amount you can access depends on some factors as deemed fit by GTB. However, if you meet all the requirements, basically you should be able to access the maximum loan amount.
First Bank of Nigeria designed the FirstEdu loan to generally cater to the needs of school owners who require extra funds for the smooth running of their school operation. Are you are school owner? Do you meet all the requirements? If yes, seize this opportunity. Do not let this opportunity pass you by. Click here to learn about other Educational loans
Visit First Bank’s official website at www.firstbanknigeria.com for more information.
