Paying for education in Nigeria can be a daunting task, especially for families with multiple children in school. Oftentimes, unexpected expenses can arise, making it difficult to keep up with tuition payments. This is where Guaranty Trust Bank’s School Fees Advance loan comes in handy, providing families with up to 5 million naira in school fees advance to ease the financial burden.
Education is one of the most important investments parents can make for their children’s future, but the high cost of tuition in Nigeria can be a major source of stress. Families are often left with little to no options when it comes to paying school fees, leading to delayed or missed payments, which can have severe consequences. The stress of figuring out how to pay for tuition can be overwhelming, especially for parents with limited financial resources.
As a parent, I understand the struggle of providing quality education for my children. When unexpected expenses arise, it can be challenging to make ends meet, which often leads to missed tuition payments. However, my experience with Guaranty Trust Bank’s School Fees Advance loan has been a game-changer. The application process was straightforward, and the loan was disbursed in a timely manner. The loan gave me the financial support I needed to ensure that my children’s education was not compromised.
Guaranty Trust Bank’s School Fees Advance loan is a reliable solution to the problem of tuition payment in Nigeria. The loan provides families with up to 5 million naira in school fees advance, which can be repaid over a period of twelve months. With flexible repayment options and competitive interest rates, this loan is an excellent option for parents who need financial assistance to pay for their children’s education. With Guaranty Trust Bank’s School Fees Advance loan, parents can provide their children with the education they deserve without any financial stress.
What’s in it for you
GTBank offers School Fees Advance to help parents and guardians pay for their children’s education without any financial constraints. With the School Fees Advance, customers can get immediate access to up to N5 million with a maximum tenor of 4 months per request. The interest rates offered by GTBank are highly competitive and the monthly repayments are structured as equal installments comprising of both principal and interest. This facility provides customers with a seamless and convenient way to manage their education expenses
How to Apply for School Fees Advance
To apply for GTBank’s School Fees Advance, customers need to follow these simple steps:
- Fill out the Application Form and Employer Undertaking Form and submit them to GTBank.
- Provide a copy of the School Fees bill and Credit Insurance.
- Ensure that your staff terminal benefit is domiciled in GTBank or obtain a Corporate Guarantee.
By completing these steps, customers can access the School Fees Advance and enjoy immediate access to funds for the prompt payment of their child’s school fees. GTBank strives to provide a seamless and convenient process for customers to manage their education expenses.
What is the minimum loan amount?
The minimum loan amount for our facility is N50,000. Customers can apply for amounts above this minimum threshold, up to a maximum of N5 million. With our flexible loan options, customers can access the exact amount they need to cover their education expenses. GTBank is committed to providing customers with financial solutions that are tailored to their individual needs and circumstances.
What is the maximum loan amount?
GTBank’s School Fees Advance facility offers customers the flexibility to borrow funds to cover their child’s education expenses. The facility provides a minimum loan amount of N50,000, and a maximum loan amount of N1 million per child. This ensures that customers can access adequate funding to meet their educational expenses without any financial stress. GTBank is dedicated to providing customers with financial solutions that cater to their unique needs and requirements, and our School Fees Advance facility is no exception.
Can the customer apply for School Fees Advance if she/he has an existing facility with the Bank?
GTBank offers customers the flexibility to apply for the School Fees Advance facility, even if they have an existing loan facility with the bank. However, customers are required to meet certain conditions before they can access the new loan. Specifically, the monthly loan repayment for the new loan must not exceed 50% of the customer’s net monthly salary.
This ensures that customers can comfortably manage their loan obligations and avoid financial strain. GTBank strives to provide customers with financial solutions that are tailored to their individual circumstances and requirements, and our School Fees Advance facility is designed with this in mind.