Standard Chartered Bank Smart Credit Education Loan, Nigeria for Bachelor

Eligibility Criteria

Loans are granted at the sole discretion of Standard Chartered Bank and only to customers who meet the eligibility criteria. Other terms and conditions apply:

• Certified identification document
• At least a net salary of 50,000 naira
• Confirmation letter from employer

The loan comprises:

• Monthly repayments of the loan, for up to 6 years
• About 10 million can be borrowed
• In a situation of death, credit life insurance is provided, which helps relatives not to be responsible for the bank

Offered Benefits

Smart credit provides a fast, easy, and simple funding solution. The Smart Credit Educational Loans can be used to pay tuition fees, buy personal items like clothes, car among others as well as help with living expenses and other costs.

Application Process

Required Documents:

• Application form completed and signed
• Payment statements for the last 3 months
• Bank statements for the last 3 months
• Copy of organization identity card
• Form of identification: international passport, driver’s license, voter’s card, National identity card
• Where needed, birth certificate
• A letter of confirmation from your employer to confirm that a salary account will be opened for you in Standard Chartered bank
• Documents showing place of residence and utility bills