Fidelity Bank Supports Schools with Edu Loan 

Fidelity Bank Plc has stated its readiness to help schools prepare adequately for the new academic session to deliver quality education.

Through its Fidelity Edu Loan, administrators of registered private primary, secondary and tertiary institutions in Nigeria can access loans of up to N180 million.

The Divisional Head of Product Development, Fidelity Bank Plc, Osita Ede, explained that the bank recognises the pivotal role quality education plays in the development of any nation, adding that this informed its introduction of the initiative. 

“Through the offering, privately-run educational institutions can access loans at a friendly rate for working capital needs like minor renovation on their school property, financing the purchase of school supplies like books, teaching materials, furniture or uniforms; and making salary payments,” said Ede.

According to him, the loan is part of its larger education finance proposition.

“For instance, we have the Fidelity personal loan, which provides instant loans of up to N5 million to employees of private and public organisations by simply dialling *770*08# from their mobile phones. This can become handy for paying school fees or meeting other personal needs,” Ede added.