Education Loan

LAPO education-loan

Education loan is a designed strictly for the payment of children’s school (Primary and Secondary) related expenses in Nigeria only. Education loan is aimed at protecting the cash flow of clients' businesses. This loan can be accessed by a client who is a member of a group (Union).

Features

  • Facility range: N15,000 (minimum) to N40,000 (maximum)
  • Methodology: Group
  • Duration: 8 months
  • Grace period: 1 month 

Benefits:

  • No collateral
  • Access to funds for the prompt payment of children’s school related expenses.
  • Flexible repayment structure
  • Low interest rate