Product

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Teacher Loan

Product Details


Characteristics

  • Secured loans up to N500,000
  • Unsecured loans up to N150,000.
  • EMI options up to 12 Months.
  • Wide range of acceptable collaterals
  • Wide range of acceptable collaterals
  • Loan to Value (LTV) of up to 80% of market value of collateral
  • Loan disbursement through NIP

Eligibility

  • Age between 25 to 50 years
  • Minimum salary of N25,000 per month.
  • School must be 3 years old and above.
  • Minimum two years of Teaching experience


Purpose

  • House Renovation
  • Purchase of Furniture & Fixtures
  • Renovation of Building and existing infrastructure
  • Personal Financial requirements
  • Consumer items

Documentation

  • Duly filled in Application form.
  • KYC Documents –ID and Residence proof of applicant and co-applicants.
  • Latest 6 months Banks statement ofapplicant and co-applicant.
  • Proof of Association membership of School.
  • School Guarantee.

OUR TRUSTED PARTNER

Our endeavor is to be a school’s most valuable and long-term partner as it grows and improves to reach its full potential. We accomplish this by being agile, responsive and supportive while ensuring minimal disruption in the school’s daily routine.