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ACCESS BANK PLC

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22/10/2021

Advance for School Fees

Your ward's education is also important to us.

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Advance for School Fees

Saving is important, but if we’re honest, even we know that education is the most important investment you can make in your child’s tomorrow.
 
Our Advance for School Fees scheme is designed to provide parents/guardians with short–term financing to cover tuition fees for their children/wards. It is also ideal for financing of undergraduate study, postgraduate study and professional examinations.

Features

  • Spread repayment over a period of 4 to 6 months
  • Interest rate @ 18% p.a.
  • Management Fee: 1% only
  • Credit Life Insurance: 0.5%
  • Easy application process 
  • Swift loan disbursement
  • Easy remittance of fees to school

Required Documents

  • Loan Application Form
  • Confirmation Letter or Promotion Letter
  • Letter of Authority or Irrevocable letter of Domicliation
  • Offer letter
  • Executed Term sheet
  • Letter of Lien/Set-off
  • Credit Checks
  • Means of Identification
  • Document Attestation
  • Salary bank statement/Payslips (New to bank customers)
  • Standing instruction for renewal of Credit life insurance
  • Admission letter
  • Tuition Bill

How it works

  • Download the attached forms and fill in with accurate information
  • Append your electronic signature (don’t know how to go about it? Very easy! Simply download any scanner app on your phone, scan your signature and save as image. Copy and paste the image on the form.)
  • Send completed form and all required documents to schoolfeesadvance@accessbankplc.com
  • Our team picks it up and starts processing your loan
  • Loan is approved and offer letter is communicated for execution 
  • Upon receipt of executed offer letter and all necessary documents
  • Loan is disbursed into your account and immediately transferred to the school’s account
  • Present transaction receipt at school
 


 Retail Lending Application Form
 Personal Guarantee Form
 Statement of Personal Networth
 Corporate Guarantee