EdPay is one of several product solutions by EDUBANC designed to meet the pain points of our customers. It is a tuition fee financing product designed to meet the needs of 3 major stakeholders in the education sector;
As a Parent – Access to financing to enable timely payment of tuition fees
As a School – Revenue assurance and improved cash flows as parents are enabled to meet obligations
As a Student – Undistorted learning cycle
So far, EdPay has ensured that:
- Over 1000 children are still in school with an undistorted learning cycle
- Over 600 Parents/Guardians currently enjoying the flexibility of monthly tuition payments at the lowest pricing
- Over 450 schools enjoying the benefit of revenue assurance
With EdPay, Parents/Guardians enjoy:
- Affordable Interest Rate
- Fast & Easy loan processing
- Convenient Monthly repayment • Optional payment plans (single term – full session)
• Interest Rate - 1.8% /month
• Loan Amount - ₦50,000 – N5,000,000
Who is eligible to apply?
Parents/Guardians who are salary earners or business owners require access to finance for tuition fee payment.