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List of Banks That Offers Loans to Students In Nigeria

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List of Banks that Offers Student Loans

There are some reputable banks in Nigeria offering students loans to help parents pay their children school fees.

In this article, I will be walking you through banks that offers student loans but before we move further, let’s understand what is student loan.

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Student loan is simply a type of loan given to parents on behalf of their children to enable pay their school fees and other needs.

Student loan is different from other types of loans. It has a very low-interest rate and a more flexible repayment schedule.

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List of Banks that Offers Student Loans

Below are list of Banks offering student loans in Nigeria

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1. Access Bank

Access bank Plc is the first in our list, they offer students short-term loan to enable them pay their school fees and other fees. A student can get up to ₦5 million with no option to refinance.

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Requirements

  • Student’ admission letter
  • Tuition advice
  • Letter of domiciliation of students
  • parent’s/sponsor’s salary account
  • A copy of employment ID or valid means of
  • Identification belonging to the student’s
  • Parent/sponsor
  • Bank Verification Number (BVN)

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2. GT Bank

GTBank is another bank that offers loan to students to enable parents pay their children’s fees.Up to ₦5 million loans can be accessed with a maximum tenure of 4 months.

Requirements for GT-Bank Student Loan

  • Parents employer’s undertaking letter

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3. First Bank

Through FirstEdu Loan, first bank also grant loan to parents to pay their children’s school fees. It also offers flexible funding for upgrading school facilities.

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4. Education bank loan

The Federal government approved the establishment of education bank and student loan boards by states at concessionary interest rates to allow students access funds.

This are the banks that offers loans to students. Make sure to share this article to friends and loved ones.

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8 Comments

8 Comments

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  5. Uthman

    July 27, 2021 at 11:50 am

    Dear I will give up

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