Glory Education Loan

Our Products & Services

Investing in education is a priority, and our Glory Education Loan is designed to support individuals in pursuing their academic aspirations. This loan product offers competitive interest rates and flexible repayment terms, empowering students to achieve their educational goals without financial barriers.

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Features

No processing fees.

No Compulsory savings.

No down payment. (Equity)

Insurance of #500 is attached in case of death or permanent disability.

Household items acceptable as collateral.

Minimum opening Balance of N 2,000

Very attractive Interest rate for withdrawals not more than twice a month

Minimum balance of N500

Customers can withdraw as much as they want

Attracts account closing charges

Terms and Conditions

The beneficiary must be recommended by the school management.

Both parents must be gainfully engaged.

Every loan must be repaid back within one term. (3 months)

Husband and wife must be joint applicants and a third party guarantor is required.

Parents of beneficiaries in the same school could stand as guarantors.

Schools must present their schedule of schools fees.

Parents must inform the bank in the event that they decide to relocate their wards to another school.

Benefits to the parents & schools

School fees payment will be made easy for parents and ease the school debt burden.

Sending students out of school on the ground of non-payment of school fees will become a thing of the past.

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