Invest in your child's
FUTURE Don't let financial constraints stand in the way of your child's education.
Apply for a School Fees Loan today and give your child the gift of knowledge. PRIVATE EMPLOYEE PUBLIC SERVANT
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SCHOOL FEES LOAN FOR YOU IN TEN HOURS OR LESS!

Get a fast and easy School fees loan in Nigeria

We recognize the importance of education in shaping a bright future and also funding expenses like school fees. This can be a significant financial burden for many families.

That’s why we’re here to provide a helping hand with our School Fees Loan.

Requirements

1

Public or Private Sector Employee

You must be a confirmed employee of the Federal government or Private Sector in Nigeria with an active status.

2

Monthly Repayments

You must consent to monthly deductions from your salary either through the Federal Government of Nigeria’s payroll (IPPIS) or Remita.

3

Good Net pay

Amongst other requirements, Your monthly net pay after deductions must be good enough to qualify you for a loan.

YOUR PARTNER IN EDUCATION FOR FAST SCHOOL FEES LOAN IN NIGERIA

Apply Today and Invest in Your Child’s Future!

We believe that every child deserves access to quality education. Apply for a School Fees Loan in Nigeria ranging from N100,000 to N10,000,000. You don't need a collateral.

24Months

Repayment Periods

You can choose a repayment schedule that suits your budget from our flexible loan repayment periods. This starts from 3 months, 6 months, 12 months, 18 months, and 24 months.

4%

Interest Rates

Our interest rates are designed to be affordable, making education financing accessible to all. Monthly interest rates ranges from 3% to 4%. APRs also range from 35% to 48%..
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FREQUENTLY ASKED QUESTIONS (FAQs)

Who can apply for a school fees loan?

To be eligible, you must either be confirmed staff in either the public or the private sector. 

What is your interest rate?

We charge a monthly interest rate of 3% to 4% depending on the loan conditions.

What does a school fees loan cover?

A school fees loan is intended to cover educational expenses related to primary or secondary education, or in some cases used for higher education by the parent or guardian of the child.

How long does it take to get a School fees loan?

Getting a fast school fees loan only takes 10 hours or less after approval.

What you need to know

Representative Example: A loan amount of ₦1,000,000 borrowed for 12 months (1 year) has a Monthly Interest Rate of 3%. 

Total Amount Payable: ₦1,360,000. APR: 36%, No other fees or hidden charges.

Minimum and Maximum Annual Percentage Rate (APR): 36% – 96%. Minimum and maximum loan tenure: 3 – 24 months.

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DISCLAIMER!!!

THE USE OF 3rd PARTY AGENTS TO ACCESS ANY OF THE BANK’S PRODUCT OR SERVICES IS DONE AT YOUR SOLE DISCRETION AND RISK AND AS SUCH, YOU WILL BE SOLELY RESPONSIBLE FOR ANY LOSS OR DAMAGE YOU EXPERIENCE AS A RESULT OF YOUR USE OF 3rd PARTY AGENTS. ANY WARRANTY, GUARANTEE, OR FORM THAT IS PROVIDED BY A THIRD PARTY IS PROVIDED SOLELY BY SUCH 3RD PARTY AGENT, AND NOT BY THE BANK.

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3rd Party Agents' Disclaimer

By using this website or any of Mutual Trust Microfinance Bank Limited (hereinafter called “the Bank”) products and services, you acknowledge and agree that the Bank is not responsible for your dealings (voluntary or involuntary) with 3rd Party Agents and that the Bank makes no representations or warranties regarding any 3rd  Party Agent(s). The Bank does not endorse and is not responsible or liable for any content, advertising, dealings, products, or other materials emanating from  3rd -Party Agents.

Unless otherwise expressly agreed in writing, the Bank or any of its officers are not in any way associated with 3rd Party Agents and as such shall not be responsible or liable for the services offered by such 3rd Party Agents or for anything in connection with such 3rd Party Agents. The Bank does not endorse or approve and makes no warranties, representations, or undertakings relating to the acts of the 3rd Party Agents.

In addition to the terms and conditions as may be indicated in the Bank’s loan application form, website, or other official media platforms, the Bank disclaims liability for any loss, damage, and any other consequence resulting directly or indirectly from your relationship or access to 3rd Party Agents or any information that you may provide or any transaction conducted with the 3rd Party Agents or the failure of any information and services posted or offered by the 3rd Party Agents or any error, omission or misrepresentation by the 3rd Party Agents.

By 3rd Party Agents,” this would include but not limited to any non-staff of the Bank, unauthorized persons/individuals, middlemen, other financial services providers, websites, databases and information which a product of Mutual Trust Microfinance Bank links to, or which you may connect to or enable in conjunction with a product of Mutual Trust Microfinance Bank.

On no account should any customer make payment to any account apart from Mutual Trust Mfbank Ltd account.
Account Name: Mutual Trust Mfbank Ltd
Account Number: 1019407400
Bank: United Bank for Africa PLC (UBA)

THE USE OF 3rd PARTY AGENTS TO ACCESS ANY OF THE BANK’S PRODUCT OR SERVICES IS DONE AT YOUR SOLE DISCRETION AND RISK AND AS SUCH, YOU WILL BE SOLELY RESPONSIBLE FOR ANY LOSS OR DAMAGE YOU EXPERIENCE AS A RESULT OF YOUR USE OF 3rd PARTY AGENTS. ANY WARRANTY, GUARANTEE, OR FORM THAT IS PROVIDED BY A THIRD PARTY IS PROVIDED SOLELY BY SUCH 3RD PARTY AGENT, AND NOT BY THE BANK.

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