School Fees Loan
Special loan products designed exclusively for eductional needs
SCHOOL FEES LOAN
This loan facility facilitates educational financing needs of parents/guardians/caretakers/students.
Loan amounts MWK 50,000to MWK 1,000,000
The repayment term is 3 to 6 months.
Requirements for School Fees Loan
- Short loan period
- Documentation evidence of school fees payment e.g. admission letter/ institution bank slip and student identity card where either is applicable.
- Have adequate security e.g. Land, motor vehicles or chattels such as House hold or business assets.
Benefits of School Fees Loan
- A combination of security options.
- Offered to both new and existing clients on an individual basis.
- Available for individual and group members.
- Customers can access the loan even if they have other running loans with APTL Microcredit so long as they have the capacity to service both loans
Frequently Asked Questions
How long does approval take?
Approval typically takes 2-3 working days once all documents are submitted.