LOAN TERMS:
Lender
LOAN TERMS:
Zenith Bank
Eligibility
LOAN TERMS:
The Zenith Bank education loan scheme is designed to provide short term funding to enable parents/guardians pay tuition fees for their children/wards. You must have at least 6 months consistent salary history on your account.
School fees will be paid directly to child/ward’s school.
Loan Limit
LOAN TERMS:
Minimum Facility amount N100,000
Maximum Facility amount N5,000,000
Interest Rate
LOAN TERMS:
Interest Rate: 20% p.a
Max Tenor
LOAN TERMS:
Maximum tenor of 3 months (Junior School) , Maximum tenor of 9 months (Tertiary Institution)
Security Required
LOAN TERMS:
No additional security required.
Documents Required
LOAN TERMS:
Customer Application Letter.
Completed Loan Application Form.
Child/ward must must have an account with the bank.
Invoice of school /tuition fees.
Approval Time
LOAN TERMS:
About four days to one month from the time you submit all the required documentation
