College Fees Loan
This is an educational loan product tailor-made for the financial needs of tertiary education.
The 2 year repayment period ensures the member has a more relaxed repayment schedule to ensure their normal lives and development activities are not disrupted even as they pursue higher education.
It is repayable in 24 months from the date of disbursement.
Applicable interest rate is 1.25% p.m on reducing balance.
Maximum loan limit is a member’s deposits x 3, subject to ability to repay.
Only one College Fees loan can be advanced at a time.