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First Edu loan is a loan scheme specifically designed for school administrators and owners to help finance and grow their citadel. If you are a school owner who wants to know more about the First Bank First Edu loan, we encourage you to carefully read this article as we explain everything you need to know and how to apply. Overview Of First Bank First Bank Nigeria is one of the most popular and top-leading banks in Nigeria. It is well known as the apex bank of West Africa. It has existed since 1894 and has over 126 years of delivering top-notch financial services to individuals, businesses, and corporate bodies. They boast over 20 million customers with over 50 outlets in Nigeria. In their bid to serve their customers better, First Bank Nigeria drafted a lot of loan schemes to help individuals meet their needs, businesses, and...

Long term loans are one of the three categories of loans (short, medium, and long-term) offered by banks and other financial institutions in Nigeria. It is worth noting that loans have been of great help to individuals and businesses in Nigeria. With loans, individuals can foot their bills while businesses can easily match up to the competition in the market. In this article, we will extensively discuss long-term loans in Nigeria, where to get them, and how to apply for long terms loans in Nigeria. Kindly read down. Overview Long term loans are loans that take a more extended period to get repaid. This means that it may take more than five years to repay long-term loans. To get a clearer picture, let's explain using a business. Business A needs funds to purchase plants and machinery and finance a project. Instead of waiting until...

The global economy has been profoundly affected by the far-reaching consequences of the COVID-19 pandemic, sparing no nation from its impact. Nigeria, like many other countries, has faced significant economic challenges. To alleviate the financial burden individuals and businesses face, the Nigerian government has introduced COVID-19 loans. In this article, we will guide you through applying for a COVID-19 loan in Nigeria, providing valuable information and steps to access this financial support during these challenging times. Who Is Eligible To Apply For COVID-19 Loans In Nigeria? Hospitality, which includes accommodation and food services Health (pharmaceuticals and medical supplies) Agricultural value chain activities Airline service providers Trading Manufacturing and value addition Any other income generating...

The signing of the student loan bill into law has swept a new wave across the country. This showed how intentional and passionate the new president of Nigeria, His Excellency Bola Tinubu, is towards giving qualitative education and aiding the education sector. If you are reading this article, we believe you are interested in knowing everything about this student loan act, how to benefit from it, the eligibility criteria, and how to apply. In this great guide, we shall discuss in detail everything you need to know about this loan scheme. Stay tuned and pay close attention. Overview Of The Student Loan Act On June 12, 2023, while the nation commemorates Democracy Day and its significance in contemporary society, the student loan bill, passed to the third reading on May 23 in the lower chamber, was signed into law. It is worth noting that...

As higher education costs continue to rise, many students face financial barriers to pursuing their dreams of obtaining a college degree. Old funding sources, such as scholarships, grants, and federal loans, may not always be sufficient to cover the expenses associated with tuition, living costs, and other educational needs. In such situations, alternative financing options like Mpower Financing can provide a viable solution. In this article, we will explore Mpower Financing and everything you need to know about this innovative education loan provider. Stay tuned. What is MPOWER Financing? MPOWER Financing is a fintech company that provides educational loans to international students. It was founded in 2014 to remove financial barriers for talented students seeking education abroad. By offering student loans without requiring traditional...

In today's economy, maintaining a good credit score is no easy feat. Life's unexpected turns, such as medical emergencies, job loss, or personal crises, can often lead to financial difficulties and a less-than-perfect credit history. However, having bad credit doesn't mean you have to be excluded from accessing financial assistance when you need it most. Numerous lenders now specialize in offering loans specifically tailored for individuals with bad credit. In this article, we'll explore the concept of loans for bad credit, their benefits and drawbacks, and some alternative options worth considering. What are Loans for Bad Credit? Loans for bad credit are financial products designed to assist individuals with a poor credit history or a low credit score. Unlike traditional loans, which typically rely heavily on creditworthiness as a primary...

Xtracash loan app is one of Nigeria's leading online loan apps that offers quick and convenient financial solutions. In today's fast-paced world, unexpected expenses can arise anytime, and Xtracash is here to provide instant access to funds when you need them the most. Whether it's for urgent medical bills, home repairs, or any other financial emergencies, Xtracash is designed to offer a seamless borrowing experience with minimal requirements and a fast approval process. With Xtracash, you can easily apply for a loan from the comfort of your own home using your smartphone. Let's explore how the Xtracash loan app can help you meet your financial needs in a hassle-free manner. About Xtracash Xtracash is a revolutionary money lending platform that provides individuals with convenient and instant short-term loans. Founded by a team of young...

Loan monitoring is a method adopted by most banks and financial institutions to ensure that their investments are appropriately protected against loss and other uncertainties. In the same way, a borrower is afraid of getting scammed by fake loan platforms is the same way lenders are skeptical about offering loans to people to avoid falling into the hands of desperate minds and sharks. Hence, loan monitoring should be embraced to avert some ugly loan stories. In the later part of this article, we shall squarely elaborate on loan monitoring. Yes, everything you need to know will be unveiled. Stay tuned and pay close attention. Overview Of Loan Monitoring Loan monitoring is a technique used by banks and other financial institutions to ascertain the creditworthiness of a borrower before the approval and issuance of a loan. There are...