This loan is designed for parents or guardians strictly for the payment of their children’s school fees. It helps to ease the cash flow burden associated with school resumption period.
- Loan amount ranges from N100,000.00- N500,000.00 per child (Maximum of four (4) children eligible)
- Convenient repayment period of up to Six months.
- Turn-around time within 24hours upon receipt of all requirements
- This product can run concurrently with any of our loan products.
- Loan is restricted to school fees (School fees invoice must be presented)
- Monthly repayment schedule in line with salary dates.
- The borrower will issue post-dated cheques/direct debit mandate payable to Addosser MFB from his/her salary account.
- Funds will be credited directly to the travel school.