Get Up to N50,000 Students’ Loan From Skye Bank (See How To)
How to Obtain Student Loan in Nigeria through Skye Bank: Some time ago, the concept of student loans was more rampant than it is today, the Federal Government of Nigeria was more actively involved in giving funds for student loans than it is these days and we are hoping their past efforts will be revived. Nevertheless, Skye Bank gives education and student loans to help students fund their education.
Skye Bank Edu-Care Account for Students
Skye Bank Plc has developed the Skye Edu-Care Account. This unique educational product is designed to save and in addition provide loans for the payment of school fees for top secondary schools, undergraduate and postgraduate studies abroad and in private universities at home.
The product allows parents who want their children to study abroad to save towards the school fees within a period of one to three years depending on the current class of the child in secondary school.
A statement from the bank said the product is a new initiative in response to the emerging demand for quality education abroad and in private universities in Nigeria. The statement added that parents who want their children and wards to enjoy the facility are expected to save at least 50 per cent of the school fees to qualify for the loan package.
Such parents can also save over a longer period provided the 50 per cent required as the minimum contribution has been achieved at the time of application for the loan. For post graduate studies, a minimum deposit of 50 per cent must be available in the account.
Repayment of the student loan is expected to be completed within the agreed time frame for participating parents to enjoy the facility for subsequent sessions. The ability of Skye Bank Plc to develop an educational product to meet the needs of students that desire to study abroad and those in top secondary schools and private universities at home once again demonstrates the capacity of the bank to initiate new products to meet the changing needs of consumers.
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