Banks Granting Student Loan in Nigeria
Education has become more than a necessity. It has been embedded into the culture of an average Nigerian household regardless of their status.
Just like every other thing that attracts huge interest, education doesn’t come cheap. As such, there are now platforms where you can get a student loan in Nigeria to finance your schooling.
In this post, we have explained what a student loan is about and outlined some ways to get a quick loan for your school fees.
A student loan is designed to help students pay for education and its associated fees. This loan differs from other kinds of loans in the sense that the interest rate is relatively lower, and the repayment schedule is much more flexible.
The Access Bank student loan is an advance for school fees that is designed to provide students with short-term financing to cover tuition fees.
GT Bank’s school fees advance is a loan facility designed to finance the payment of your child’s/ward’s school fees for schools in Nigeria only.
Now you can compare interest rates from different lenders with our loan simulator and get the best deal. Making an informed loan decision requires comparing different loan offers before making commitment. Through our simulator, you can see at a glance, loan offers coming from different lenders in less than 5 minutes, so you can make the right decision regarding your financing. Try it today
First Bank’s FirstEdu loan is targets proprietors. It offers flexible funding for upgrading school facilities and meeting funding gaps pending the receipt of school fees.
The Nigerian government approved the establishment of education banks and student loan boards by states at concessionary interest rates to allow students easy access to funds.
The government also approved the establishment of education funds by all states of the federation. Special emphasis is on funding teacher development and secondary education, as well as establishing a special intervention fund for individuals with special needs.
Funding education should not be a herculean task with this array of options available for accessing quick loans in Nigeria. All you need is to choose from any of the platforms granting loans for school fees and ensure that you meet all their requirements. However, considering the fact that there are several options to choose from, you can make more informed decision by comparing loan offers from different lenders within minutes using this platform and get the best deal for you.