A Look At Banks Offering Student Loan In Nigeria(Full List)

Below is a list of Banks Offering Student Loan In Nigeria to help those seeking quick loans.

News Rain Nigeria recalls that a student loan is a type of loan given to help students pay for education such as tuition, accommodation, books, food, and so on.

Due to the high cost of education in the country, the need for student loans becomes a necessity as there are now banks where you can easily get a student loan in Nigeria to finance your education.

A Look At Banks Offering Student Loan In Nigeria(Full List)

Below are banks in Nigeria that grant student loans and a guide on how you can access the loan.

1. Access Bank
Access Bank Plc students loan is designed to provide students with short-term financing to enable them to pay their school fees and other related fees. Students can access up to ₦5 million with no option to refinance.

Access bank requirements

• Student’ admission letter
• Tuition advice
• Letter of domiciliation of students parent’s/sponsor’s salary account
• A copy of employment ID or valid means of identification belonging to the student’s Parent/sponsor
• Bank Verification Number (BVN)

2. GTBank
GTBank also provides loans to enable parents finance their child’s/ward’s education. This is only for schools in Nigeria.

Up to ₦5 million loans can be accessed with a maximum tenure of 4 months.

GTBank student loan requirements

• Parents employer’s undertaking letter

3. First Bank

Through FirstEdu Loan, first bank also grants loans to parents to pay their children’s school fees. It also offers flexible funding for upgrading school facilities.

4. Education bank loan

The Federal government approved the establishment of education bank and student loan boards by states at concessionary interest rates to allow students access funds.