Polaris Bank is impacting the education sector in Nigeria with a significant increase in funding through its bundled lending solution called ‘Polaris Education Loan’ as it sets aside a dedicated line of credit to support homeowners. private schools.

The Polaris Education Loan provides new and existing private primary, secondary and tertiary clients of the bank with access to loans of up to N100 million to meet their various financing needs.

This solution is part of the lender’s efforts to support Nigeria’s vital education sector by ensuring that schools meet their goals and aspirations for growth.

Speaking on the Polaris Education Loan, Group Head, Product and Market Development, Adebimpe Ihekuna revealed that the credit program is the Bank’s forward-thinking guarantee to help schools alleviate any shortfalls. their finances, especially since schools are preparing to resume in the new year, from September 2021.

The Polaris Education Loan offers promoters of private schools credit facilities to meet their various administrative needs: payment of salaries, financing of rent, purchase of laboratory equipment, school buses, furniture, books for the library, renovation and expansion of the school. The credit program also helps to purchase essential assets such as school buses and generators, among others. It takes 24 hours for clients to benefit from the loan by the bank.

To apply, existing and new customers must visit any Polaris Bank branch to complete the loan application process or send an email to [email protected] help.