How to apply for Access bank Advance for School Fees loan and requirement

Banking & Finance

in modern society A good education will usually lead to a higher-paying job as well as the necessary skills to get there. The better your education and achievements, the more job opportunities you will have.
As Nelson Mandela once said, “education is the most powerful weapon you can use to change the world for the better.” As a result, commercial and microfinance banks in Nigeria have established education finance facilities to assist parents, guardians, and school owners.

The loan products are for private crèches, nurseries, primary schools, and secondary schools that have been approved and registered by the Ministry of Education and the Corporate Affairs Commission. Also, to help you pay for your child’s or ward’s school fees in Nigerian schools and institutions.

Advance for School Fees, a time loan facility from Access Bank, is ideal for financing undergraduate, postgraduate, and professional examinations. It’s also designed for parents/guardians who need to cover tuition fees for their children/wards on a short–term basis.

SALARIED CUSTOMERS REQUIRED DOCUMENTS

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The following documents must be provided by employees of public and reputable private organizations whose salaries are deposited with the Bank.

1.Fully filled out application form

2.Offer letter duly accepted

3.A bill or invoice for school fees in the student’s name. The total fee amount should be included in the bill.

4.Recent utility bill (within the last three months) and valid ID card

Non-Salaried Customers with an Access Bank account, on the other hand, should provide

1.Fully filled out application form

2.A valid identification card

Bank statement of corporate account for 3.1 years

Documents CAC

5.Your Most Recent Utility Bill (within the last 3 months).

6.Offer letter duly accepted

7.Invoice for school fees in the name of the student. The total fee should be included on the bill.

8.Proof of a lien on a Treasury bill, a fixed deposit, or any other money market investment. OR

9.Receipt of a satisfactory guarantee (individual or corporate) and

10.Guarantor’s Net Worth Statement

Other documents that the bank may request include an executed NIBBS mandate form, payslips, and a six-month statement, as well as an acceptable party guarantee of personal or corporate nature (guarantor must have a salary or corporate account with Access Bank).

HOW DO I REQUEST A BANK ADVANCE FOR SCHOOL FEES?

To apply for the term loan facility take the following steps:

1. Fill out the attached forms with accurate information obtained from the bank’s website.

2.Send your electronic signature (not sure how to do it? Very simple! Simply use any scanner app on your phone to scan your signature and save it as an image. Copy the image and paste it into the form.)

3. When you’re finished, Send all required documents and the completed form to schoolfeesadvance@accessbankplc.com.

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