The FirstEdu loan is available to Private schools owners who require extra funds for the smooth running of their school operations.
Collateral is undertaking to domicile school fees with FirstBank.
The facility is a short-term facility designed to finance working capital needs of schools. There is a product (Commercial Mortgage) available for schools who want to construct school buildings.
Maximum Loan amount is N20m.
This facility is available to schools all through the year.