international student loan in nigeria


To get qualified for the student loan from these lenders, you will need to meet sure requirements, like getting a good credit rating, furnishing proof of admission to your regarded university, and possessing a cosigner.

The loans may also address accommodation and educational charges for instance textbooks, transportation, and residing fees.

When you have regarded as all items and they are wanting to take a loan, Listed here are the overall techniques to apply for it:

Move five: Validate your BVN by moving into your BVN, select your financial institution name and enter your account variety. Click on “conserve improvements” to complete your profile. 

What documents and private data should really I have geared up Once i apply? Be sure to decide on the option underneath that ideal describes you:

“Observe: The curiosity-only time period is capped to some highest of thirty months within the date of disbursement.”

It is obvious that the plan is nice on paper Considering that the intention is altruistic. But Considering that the voice in the men and women is the voice of God, government really should for that reason amend the legislation and emphasize obtaining Careers for graduates or empowering them so those who're owing are able to pay, instead of threatening jobless graduates with imprisonment.

He emphasised that In the event the government definitely hopes to support weak masses, as an alternative to introducing a loan, it need to as a substitute supply a grant for that students to help their education where by they may haven't any anxiety of getting imprisoned right after graduation.

6 months When you graduate, your ten-calendar year repayment phrase commences. At this point, you’ll get started producing comprehensive principal and fascination payments each month right up until your complete stability is paid out off. There’s no prepayment penalty should you pay back element or your entire loan in advance!

Together with the alarming quantity of postgraduate purposes, There was a rise in the volume of organizations offering study abroad loans in Nigeria.

The portal, according to the statement, supplies a user-helpful interface for students to post their loan purposes conveniently. “We motivate all qualified students to make the most of this opportunity to take a position within their future and contribute to The expansion and growth of our nation.

What documents and private info should I've organized Once i apply? You should select the choice beneath that ideal describes you:

Then you can continue to refund the remaining loan Expense for as much as 10 years, with the choice of taking two a few-thirty day period repayment holiday seasons.

President Tinubu explained his rationale for signing the bill, declaring: “We all think that education is the best weapon versus poverty, then We've got to invest in it …”