School Fees Finance
Everyone deserves a good start in life and getting good qualitative education sets you on the right path. Access our School Fees Finance this September to guarantee your children/wards dreams.
- Sterling Bank finances up to 70% of the value of the fees
- Maximum tenor of 12 months
- Sterling Bank raises a draft in favour of the school
- Life Insurance policy to the tune of the loan amount
Benefits
- Children/Wards education is guaranteed
- Quick approval upon full documentation
- Available to local & foreign schools
- Competitive pricing
- Convenient monthly repaymen
Funding Structure
|
|
APPLICANTS WITH STERLING MINOR SAVINGS CCOUNT/STERLING RECURRING ACCOUNTS |
APPLICANTS WITHOUT EXISTING BANKING RELATIONSHIP |
|
Equity Contribution |
20% |
30% |
|
Bank Funding |
80% |
70% |
|
Interest Rate |
19% p.a |
20% p.a |
Checklist
- Completed Consumer Lending Application form
- Employer Status Enquiry
- School Fees bill
- Bank statement (6 months) (pay slip not mandatory)
- Duly executed Personal Guarantee form
- Current account opening package (New customers only)
- Sterling Minor account opening package for the child/ward to the sponsored
- For payment to foreign schools:
- Form A
- Admission letter
- Sighted copy of International Passport with Current Visa
Download Customer Consumer Loan Application Form
For more information, please call us on +234-1-4622517; 01-7301487; 01-7301489 or e-mail us at: consumer.lending@sterlingbankng.com