First Bank of Nigeria Limited is set to support schools and educational institutions with their educational requirements to enhance preparations for a new school year.
The Bank’s support for educational development of the child and the institution is an offshoot of the Bank’s focus on entrepreneurship, financial empowerment and development as well as financial inclusion for the youth.
FirstBank is a brand of strength and dynamism, committed to provide the best financial solutions.
The Bank has bundled its educational product offerings into four major facilities: The FirstEdu Loan, Operational Vehicle Loan, Commercial Mortgage and Personal Loan against Salary (PLAS) which enhances Parents/Guidance’s capacity to pay their wards’ school fees.
The FirstEdu loan is targeted at private Nursery, Secondary and A-Levels schools. The product offers opportunity for private schools to access flexible funding to meet urgent cash flow needs, replace old furniture and equipment, as well as refurbish dilapidated buildings and classroom blocks.
With this product, school owners/proprietors can stay ahead of competition in providing educational services and support to the target population by maintaining acceptable standard infrastructure at all times.