Polaris Bank has an impact on 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 private school owners .
The Polaris Education Loan provides clients of the Bank’s private primary, secondary and tertiary institutions, new and existing, 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 Leader, Product and Market Development, Ms. Adebimpe Ihekuna, revealed that the credit program is the Bank’s forward-thinking guarantee to help schools mitigate any deficit in their finances, especially since schools are preparing to resume in the new academic 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 rents, purchase of laboratory equipment, school buses, furniture, books for the library, renovation and school expansion. 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 should visit any Polaris Bank branch to complete the loan application process or email [email protected] for assistance.
For more information on Polaris Bank products and services, please contact the Polaris Bank Yes Center at 0700-POLARIS (0700-767-2747) or by email at [email protected]
Polaris Bank is a bank of the future committed to providing products and services that define the industry across all sectors of the Nigerian economy.
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