New Step by Step Map For international student loan in nigeria
New Step by Step Map For international student loan in nigeria
Blog Article
student loan criteria in nigeria
To generally be eligible to get a student loan from these lenders, you must meet particular requirements, for example using a great credit score, giving proof of admission to your recognized university, and getting a cosigner.
“Students can entry the portal on to start software,” the assertion mentioned. Deborah Tolu-Kolawole Deborah, has three yrs of practical experience covering the education sector, trade unions, politics and international affairs, which is a journalist Together with the PUNCH
The EAS loan handles the applicant’s tuition fees, residing bills, as well as other prices of studying abroad.
Disclosures Be advised which the operator of the Web-site may well get a referral price from its advertising and marketing partners.
Legit.ng documented that Nigerian banks offer student loans with optimum limits ranging from N1 million to N10 million to reinforce access to education across Nigeria.
However an international study abroad loan agent, Prodigy Finance even now extends its helping hand to international students from Nigeria. If you are tired of all the bottlenecks connected with having study abroad loans from indigenous Nigeria loan applications, you may opt for Prodigy Finance.
The eligibility requirements for A few of these banks is that you needs to be a guardian or guardian. What can I do about that?
Note: The repayment expression is for a hundred and twenty months and assumes the bare minimum payment is produced each time. For those who pay off your loan in below a hundred and twenty months, your whole loan payment will probably be lower. In addition, MPOWER isn't going to demand prepayment penalties.
Prospective students seeking access to the loan need to abide by specific measures to initiate their applications.
Studying abroad is a tricky nevertheless worthwhile adventure which has assisted quite a few Nigerians get well possibilities and quality of life.
Students will have to pay again in five years right after graduation while there are no task alternatives for them and whoever fails to repay after five a long time will likely be jailed.”
I went to quite a few of these banks listed for making inquiries but they explained that they don't provide student loans.
Consequently, he known as around the federal government to relieve Those people problems so as to really make it uncomplicated to the students to accessibility the loan and utilize it in making their occupation.
Devoted to its resilient assist to Nigerians studying abroad, EdFin microfinance financial institution is the 1st edu-specialised Microfinance Bank in Nigeria. They offer nearly N30 million naira in funding for evidence of money and study functions.