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.
Features:
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.
