Parents are often searching for soft and quick loan that ensures that your children/ward never miss one a day at school because their fees are paid promptly along with , uniforms, books, meals , school bus and most importantly, school fees among others.
This lagging challenge prompt Guaranty Trust Bank to unveiled School Fees scheme which is designed to provide parents/guardians with short–term financing to cover tuition fees for their children/wards. The school fees loan can be used to pay for tuition fees for schools abroad
The loan facility is ideal for financing of undergraduate study, postgraduate study and professional examinations known that education is the most important investment you can make in your child’s tomorrow.
This facility is available to members of staff of public and reputable private organizations whose salaries are domiciled with Guaranty Trust Bank plc. Also Staff of selected private companies, Government Ministries, Parastatals and establishments whose salary accounts are domiciled with the Bank can apply to maximum loan amount of N1million applicable per child and minimum loan amount of N50, 000.
Being a parent, you would like to provide the best education facilities to your children, primary and secondary education in a private school can cost much when compare to government own school. Paying such a hefty amount in a single transaction can create a financial crisis but at the same time, you would not want to compromise on your child’s education too. Now, with Guaranty trust bank for School Fee Funding, you can conveniently pay your child’s school fees within 4 months Get instant money on the same day of the loan application to complete the study requirements of that of your children.
Requirement and Eligibility of GTBank School Fees Advance
1. There is minimum monthly salary of N50, 000 while the maximum loan amount of N1million is applicable per child.
Please note: unconfirmed staff of an organisation can’t apply for School Fees Advance because staff should have worked for at least 6 months and also be a confirmed staff to enable you apply for the loan facility.
2.The loan facility is available to members of staff of public and reputable private organizations whose salaries are domiciled with Guaranty Trust Bank PLC.
3. GTBank School Fees Advance gives a maximum of N5 Million in school fees at a low interest rate.
4. Gtbank school fees loan comes with equal monthly repayments comprising of principal and interest. Each parent is entitled to get one loan per school term with a maximum tenor of four (4) months per request.
How to Apply for Gtbank School Fees Advance
1.Interest customers who’s salary account domiciled with Gtbank can Download the Application Form and Employer Undertaking Form…Just copy and place this link on your browser to downlaod it
2. Submit the completed forms at any GTBank branch in Nigeria along with your child’s School Fees bill and your Credit Insurance.
3. Ensure that staff terminal benefit is domiciled in GTBank or obtain Corporate Guarantee.
Apply for gtbank school fees advance loan through ussd code by dialing :*737*52*30#
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Once your loan application is approved, you will get immediate access to funds for the prompt payment of your child’s school fees (a maximum of N5 Million). This loan comes with equal monthly repayments comprising of principal and interest, which is very competitive. However, each parent is entitled to get one loan per school term with a maximum tenor of four (4) months per request.
What’s gtbank school fees loan for you?
1.You get Up to N5 Million School Fees Advance. Maximum tenor of 4 months per request.
2. Very Competitive interest rate. Equal monthly repayments comprising of principal and interest.
3. Immediate access to funds for the prompt payment of your child/wards school fees.
What is the tenor for a School Fees Advance?
The school fees loan by Gtbank has a Maximum of 4 months tenor
What is the required length of salary account relationship?
The customer must have received their salary through their GTBank account in the last 1 month.
Who can benefit from Gtbank School Fees Advance?
Staff of selected private companies, Government Ministries, Parastatals and establishments whose salary accounts are domiciled with the Bank.
What document is required for a Gtbank School Fees Advance?
The application form, employer undertaking and school bill with details of the schools bank account.
How is gtbank school bill paid?
The bill is paid either by a direct transfer to the schools bank account or by raising a draft in the name of the school.
Is there any insurance on the loan?
Insurance is in place against death and permanent disability.