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Fidelity Bank launches Edu Loan Product to facilitate school Preparedness for new session

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In a proactive move to bolster educational institutions’ readiness for the impending academic term, Fidelity Bank Plc has underscored its unwavering commitment to supporting schools in their preparation for the forthcoming session, ensuring the delivery of unparalleled educational standards.

Distinguished by its bespoke financial solution named the “Fidelity Edu Loan,” Fidelity Bank Plc is empowering administrators of duly registered private primary, secondary, and tertiary schools in Nigeria with access to substantial loans, potentially amounting to sum of up to N180 million.

The Divisional Head of Product Development at Fidelity Bank Plc, Osita Ede said in a statement that “At Fidelity Bank, we recognize the pivotal role quality education plays in the development of any nation and this informed our introduction of the Fidelity Edu Loan.

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“Through the offering, privately-run educational institutions can access loans at a friendly rate for working capital needs like minor renovation on their school property, financing the purchase of school supplies like books, teaching materials, furniture or uniforms; and making salary payments.

“The Fidelity Edu Loan is part of our larger education finance proposition at Fidelity Bank as we aim to empower everyone within the education ecosystem, including the schools, parents and contractors, with amazing financial and non-financial products and services.

To qualify for this distinctive financial product, prospective applicants must demonstrate a track record of managing their educational enterprise for a minimum of three years and possess valid accreditation from relevant regulatory bodies.

For instance, we have the Fidelity Personal loan which provides instant loans of up to N5 million to employees of private and public organisations by simply dialing *770*08# from their mobile phones. This can become handy for paying school fees or meeting other personal needs”, explained Ede.

(Edited by Oludare Mayowa; omayowa@globalfinancialdigest.com; Newsroom: +234 8033 964 138)

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