PressPayNg Education Loan (Step by Step guide)

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

Terms for EduLoan

• Minimum Loan Amount of N2000.00 and Maximum Loan Amount of N2,000,000.00
• Loan Tenor of 4 Months
• Very Low Charges

Application and Disbursement Channel: The PressPayNg App