We Are Ready To Help Parents/Guardian Offset Financial Burden - STANBIC IBTC

Stanbic IBTC Bank, a member of Stanbic IBTC Holdings, has again reassured parents and guardians of the bank’s readiness to help offset the financial burden of paying their children/wards fees through its school fees payment solutions. 

The bank said it has a bouquet of educational products and payment solutions such as the school fees facility, Short-Term Loans, Salary Advance (SALAD) for salaried workers and its payment cards that parents can easily access and use to pay the school fees of the wards of account holders. 

According to the bank, the prepaid cards are available to load pocket money for children/wards while the credit cards, which currently offer a 55-day interest moratorium, can be used to seamlessly pay school fees. 

Babatunde Macaulay, The Executive Director, Personal and Business Banking, Stanbic IBTC, said the development of the educational products is the bank’s way of showing that it cares about its customers as well as the educational development of their wards. 

Babatunde Stated that “At Stanbic IBTC, we are attuned to the needs of our customers and we regularly strive to provide innovative financial and payment solutions tailored to those needs,” he said. “Stanbic IBTC,

“will continue to develop products and services to support the attainment of quality education. The school fees loan is a fast, simple and convenient way through which customers can meet their short-term financial obligations to educate their children. And the repayment terms are very convenient.” He added

Other benefits of the school fees loans, according to Macaulay, include 

• low interest rates 
• access to a revolving line of credit 
• flexible repayment terms, and 
• the opportunity to access credit up to 100 per cent of the customer’s income. 

Macaulay disclosed that the beneficiary must be an account holder with the bank after which the customer can walk into any branch of the bank and apply for any of the loans in a few easy steps. The application is then processed within one week and the customer is contacted with feedback.

source: Vanguard