FirstEdu loan is designed to cater to the financial needs of private pre-primary, primary and secondary schools as well as A level educational institutions duly registered with Corporate Affairs Commission (CAC).
The FirstEdu loan is available to private school owners who require extra funds for the smooth running of their school business.
FirstEdu Interest Form
Collateral is undertaking to domicile school fees with FirstBank.
The facility is a short-term facility designed to finance working capital and asset finance needs of the school. There is a collateralized variant available for schools who want to construct school buildings. This variant grants up to N100m for 48months.
Maximum Loan amount for working capital and asset finance is N25m.
Maximum loan amount for building/construction is N100m.
This facility is available to schools all through the year.