This account offers your kid(s) aged between 4 - 16 years an opportunity to commence early savings towards academics or future investment in real estate. Monthly savings in account is dependent on the customer's income and loan requirement.
Features and Benefits
  • Minimum Opening Balance of N5,000
  • Minimum balance on Savings Account of N5,000
  • Monthly Savings of N5,000
  • 4% (2% above savings rate) per annum interest rate on savings account
  • Interest Rate of Mortgage Accounts equal to Discounted Rate 2% below prevailing rates (presently 19% per annum)
  • 12 Months Minimum Savings Period before granting of loan
  • Total Equity Contribution of 20% of Requested Loan Amount
  • Maximum Loan Amount of 50% of School Fees up to N500,000
  • Loan Security of Assets equivalent to Loan Amount