How to Apply for the PressPayNg Education Loan(EduLOAN)

February 2, 2024February 2, 2024 press_admin 0 Comments

PressPayNg, in Partnership with FCMB (First City Monument Bank) and Mastercard Foundation is offering a cutting-edge Educational Financing Solution designed to ease and foster prompt payment of school fees by Parents, Guardians and Students in Nigeria.This is a quick, convenient and easy to access education loan with low charges. Applicants are to meet a set of basic requirements.

What This EduLOAN IS NOT

It is not a business loan
It is not a personal loans
It is not disbursed to a personal account

Eligibility Criteria for EduLoan

Fully onboard the PressPayNg App, get verified and open an account
No default on any previous loan cycle
Savings ratio: Minimum of 40% of school fees
Must have a viable sources of income
Guarantor valid ID card
6 months active Statement of Account
Academic role model with valid ID card(s) and school ID card(s) for students
The school fees deadline must be at least 7 working days from your loan application date