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Education Loan
More than just
a card-It’s freedom...
Oba MFB School Fees Loan is designed for economically active parents/guardians who have the willingness to educate their children in private schools.This product is tailored to close the gap between the need of the child and what the parent can offer in regard to school fees/levies, uniforms, books and school bus fees.
- No Collateral
- Exclusive discounts and offers
- Access to funds for the prompt payment of children’s school related expenses.
- Flexible Repayment structure
- Loan range ‒ NGN 20,000 to NGN 200,000
- Loan purpose — To cover Tution fees, uniforms, Books & Transportation (School Bus).
- Grace period ‒ 1 Month moratorium (Approximately 30 days after disbursement)
- Interest rate ‒ 4% Reducing Balance (48% per Annum Reducing Balance)
- Repayment Mode ‒ Monthly
- Low Interest Rate
Our application process is designed to be straightforward and efficient. Follow these easy steps to get started on your loan journey.
How It’s Work
Start Banking With in 5 Mins
Verify Customer
Documentation
A/c Verification
Start Banking
Your Financial Future Starts Here, Start Your Account.
Make an
Instant
Loan Calculator
Flexible
Flexible
Online Loan Calculator
Estimate your loan payments quickly & easily with our calculator.
Loan Questions? Check Our Faq’s Page
Loan Amount
₦500000
₦50,000 ₦2.5 million
Loan Term (Years)
20
20 Years 40 Years
Interest Rate
8.5%
6% 18%
Interest Amount
₦541,388Interest Amount
₦541,388
Loan Calculator
Flexible
Flexible
Online Loan Calculator
Estimate your loan payments quickly & easily with our calculator.
Loan Questions? Check Our Faq’s Page
Loan Amount
₦500000
₦50,000 ₦2.5 million
Loan Term (Years)
20
20 Years 40 Years
Interest Rate
8.5%
6% 18%
Interest Amount
₦541,388Interest Amount
₦541,388
Loan Calculator
Flexible
Flexible
Online Loan Calculator
Estimate your loan payments quickly & easily with our calculator.
Loan Questions? Check Our Faq’s Page
Loan Amount
₦500000
₦50,000 ₦1.5 million
Loan Term (Years)
20
5 Years 10 Years
Interest Rate
8.5%
6% 18%
Interest Amount
₦441,388Interest Amount
₦441,388
Loan Calculator
Flexible
Flexible
Online Loan Calculator
Estimate your loan payments quickly & easily with our calculator.
Loan Questions? Check Our Faq’s Page
Loan Amount
₦15,000,000
₦200,000 ₦15.5 million
Loan Term (Years)
20
10 Years 20 Years
Interest Rate
8.5%
6% 18%
Interest Amount
₦741,388Interest Amount
₦741,388
Loan Calculator
Flexible
Flexible
Online Loan Calculator
Estimate your loan payments quickly & easily with our calculator.
Loan Questions? Check Our Faq’s Page
Loan Amount
₦500000
₦50,000 ₦2.5 million
Loan Term (Years)
20
20 Years 50 Years
Interest Rate
8.5%
6% 18%
Interest Amount
₦541,388Interest Amount
₦541,388
Loan Calculator
Flexible
Flexible
Online Loan Calculator
Estimate your loan payments quickly & easily with our calculator.
Loan Questions? Check Our Faq’s Page
Loan Amount
₦500000
₦50,000 ₦2.5 million
Loan Term (Years)
20
20 Years 50 Years
Interest Rate
8.5%
6% 18%