These are overdraft loans given to BancABC existing clients to fund their school tuitions.

Conditions are:

  • Repayment period of 3 months,
  • Insurance fees 2.39% of the loan amount.
  • Quantum of Loan (MAX) 30% of Net Salary excluding non-recurrent allowances.
  • Turnaround time 48hours
  • Disbursement channel bank account transfer.

For a client to apply, he or she must satisfy the following requirements.

  • One copy of national ID
  • Next of Kin ID
  • Current pay slip and proof of employment

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