School Fees Advance is a loan facility designed to finance the payment of your child’s/ward’s school fees for schools/institutions in Nigeria only. This facility is available to members of staff of public and reputable private organizations whose salaries are domiciled with the Bank.
School Fees Advance is designed to finance the payment of your child’s/ward’s school fees.
A time loan.
Maximum of 4 months.
N50, 000.
A maximum loan amount of N1million is applicable per child.
The customer must have received their salary through their GTBank account in the last 1 month.
Staff of selected private companies, Government Ministries, Parastatals and establishments whose salary accounts are domiciled with the Bank.
Yes, provided the monthly loan repayment does not exceed 50% of his/her net monthly salary.
The application form, employer undertaking and school bill with details of the schools bank account.
Yes, it can be used to pay for tuition fees for schools abroad
No. School fees Advance is for the payment of your child/wards school fees
The bill is paid either by a direct transfer to the schools bank account or by raising a draft in the name of the school.
Insurance is in place against death and permanent disability.
Yes, minimum monthly salary of N25, 000 for public sector employee and N50, 000 for private sector employee.
No. The loan amount can either be equal to or less than the total school fees.
No. The staff should have worked for at least 6 months and also be a confirmed staff.