First Bank Launches N15bn School Loan Facility

First Bank of Nigeria Limited has announced a N15 billion loan facility for schools nationwide to support preparation for the upcoming school term.

Schools must maintain a minimum nine-month account relationship with FirstBank to qualify for the loan, and collateral requirements include domiciling school fees with the Bank.

First Bank of Nigeria Limited states this loan program aligns with its ongoing efforts to empower schools and parents through educational solutions for the new school year.

First Bank of Nigeria Limited has launched a N15 billion loan facility nationwide to support school preparations for the upcoming academic term.

Schools must maintain a minimum nine-month account relationship with FirstBank and domicile school fees as collateral to qualify.

First Bank emphasizes this program enhances educational readiness while empowering schools and parents for the new school year.