ESS/School fees

School fee loans are short term loans for purposes of paying school or college fee for the member or the dependents. The loan has a maximum repayment period of 12 months.

The credit product is only available to those members who have joined the Education Savings Scheme.

FEATURES

This is given to members to enable them educate their children and to further their own education
Amount granted depends on the ability to pay
Maximum repayment period is 12 months
This loan is normally given any time in the year to both continuing students and new students
The loan requirement is that a member must attach the school fees structures and an invitation letter for new students
The member must also be a contributor of ESS saving scheme
Guarantors must have ESS saving
Qualifying shares X4
Member must have contributed ESS shares for at least six months

Requirements

Preprinted application forms,
Copies of Identification Document used in the member registration,
Most current original pay slips for salaried members
Identification copies of the guarantors.
Guarantors’ original pay slips if any