EDU-Advance Loan enables people undergoing different kinds and levels of formal education to access funds necessary for the completion of such studies. Expenses ranging from costs of required stationery, school fees, accommodation, as well as other expenses required by the students in need are covered by these loans. These facilities are majorly not known by many students, and for the selected few who know about them, processing them is unknown to them.

Features of Andray EDU-Advance Loan

• 3% per month; 36% p.a (PLR) interest rate
• Minimum Facility Amount of ₦50,000
• Maximum Facility Limit is ₦5,000,000
• 12 Months Maximum Tenor
• 3% Credit Assurance
• School/Tuition fees will be paid directly to the child/ward’s school

Loan Schema

School Fees advance, like other loan facilities, comes with its terms and conditions of the acquisition. Eligible students, primarily students who have difficulty sourcing funds for their education, would need to further meet some requirements before proceeding through the process of loan obtainment.

• Revolving credit facility with repayment within 12 Months
• Easy approval
• Instant access to your money
• No waiting periods
• Hassle-free application processes and quick approval times
• Advanced support for you to manage your loan more easily

Requirements of a School fees advance

• Completed School Fees Advance application form.
• Letter of introduction: This is to determine the employment status of the parent/guardian.
• Invoice for School/tuition fees.
• Proof of identity (driver’s license, National ID, International Passport, or voter’s card) is required. An employment ID is not sufficient.
• Proof of address, i.e., utility bill.
• Last three months’ pay slip.
• Admission letter from the school if the school is in diaspora.