The is purpose of the education loan is to provide short-term finance for education of the members and their dependents in schools, colleges and universities.
- Only one school fees loan may be granted in one calendar year.
- Proof that the student is a bonafide pupil or student of a learning institution
- Payments shall be made direct to the school, exceptions are considered on merit.
- Maximum repayment period is 12 months
- Loans are processed within 30 minutes except payments to third party
- Loans are processed and disbursed within 1 hour of application
- Loan can be refinanced after 4 months
- No limit on school fees loans.
- Additional can be granted within one month subject to meeting all the borrowing/lending requirements.