In our bid to make Nigeria an educated society and bearing in

mind that school fees is a problem, we hereby introduce XSLNCE school relief loan. This is a credit product designed to relieve parents and guardian of the school fees burden. It enables parents to pay for their children or wards school fees without stress.

FEATURES

·         Repayment period: 3 months

·         Minimum amount: ₦40,000

·         Maximum amount: ₦500,000

 

BENEFITS

·         Relief in paying school fees

·         Easy access to Loan

·         Flexible repayment terms

 

REQUIREMENTS

·         Provision of school fees bill stamped and signed by the school.

·         Valid means of Identification of the parents or guardian.

·         6 months statement of account where salary or income is domiciled

·         1 passport photograph

·         Evidence of employment/ place of work/ Record of service.

·         KYC form duly completed

·         Guarantor – preferably colleagues from the parents/guardian place of work.

·         Utility bill ( not less than 3months)

·         Visitation report of the residence and employer by the account officer.

·         For those micro customers who do not have statement or are unbanked a further analysis is made to determine their suitability. Repayment would be structured in line with their business.

 

GUARANTOR’ REQUIREMENTS

·         Completed guarantor’s form

·         1 passport photograph

·         A valid means of Identification

·         Utility Bill (not more than 3 months old)

 

FEES

·         Interest rate: 6% - 8%

 

REPAYMENT STRUCTURE

·         3 Months repayment

·         Cheques from the customer and guarantors with the repayment amount written on them. Cheques to be paid at the end of the month.

Individual Consumer Loans

Xslnce accounts (salaried) allow you to access personal loans for emergency and social needs
 

You can access:

 

 

  • Collateralized / Non-collateralized
    loans as a salary earner
  • Salary Advance / Payday loan
  • Asset Financing / Lease
  • Auto Loan
  • Rent Support Loan
  • Education Loan
  • Festivity Loan

 

General Features:

  • Affordable with no hidden charges
  • Loan processing less than 24hrs
  • Flexible loan repayment period
  • Simple application processes
  • Competitive interest rate