School Extra Loan

Invest in education, invest in tomorrow. Dual-purpose financing for private schools - working capital and education assets (vehicles, classroom renovation, computers, etc.) up to N2 million.

Benefits

• Working capital loan for schools.

• Can be used by schools as asset loans for the purchase of school vehicles, renovation of classrooms, computer purchases etc.

• Quarterly repayment plan.

• Competitive interest rate.

• Easy loan procedure.

• Opportunity to grow business with ACCIONMfB.

Features

• Access to loan of up to N1,999,999

• Loans strictly disbursed to school owners/proprietors.

• Interest rate of 5.5% per month .

• Insurance fee of 1%

• Admin fee of 1%

• Commitment fee of 1% (Effective only if client fails to pick up loan 3 days after approval)

• 6- 24 months tenor.

• Equity contribution applicable.