GLORY EDUCATION LOAN
GLORY EDUCATION LOAN
Features
- No processing fees.
- No Compulsory savings.
- No down payment. (Equity)
- Insurance of #500 is attached in case of death or permanent disability.
- Household items acceptable as collateral.
- Interest rate is very attractive.
Terms and Conditions
- The beneficiary must be recommended by the school management.
- Both parents must be gainfully engaged.
- Every loan must be repaid back within one term. (3 months)
- Husband and wife must be joint applicants and a third party guarantor is required.
- Parents of beneficiaries in the same school could stand as guarantors.
- Schools must present their schedule of schools fees.
- Parents must inform the bank in the event that they decide to relocate their wards to another school.
- Parents or guarantors must deposit their post- dated cheques.
Benefits to the parents & schools
- School fees payment will be made easy for parents and ease the school debt burden.
- Sending students out of school on the ground of non-payment of school fees will become a thing of the past.
DEPOST PRODUCTS
Children's Savings Account
Joint Savings Account
Personal Savings Account
Unregistered Group
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