How To Get Student Loan From Schoolable In Nigeria

Every school owner has faced the challenge of effectively managing finances at some point in their career. Fortunately, some digital platforms are designed to make this process easier. Schoolable is a digital infrastructure that gives you access to all of the tools you need to run your school efficiently. Everything you need to know about the financial management company may be found here.

A Quick Look at Schoolable

Schoolable is a platform that offers services such as school budget management, educational technology, savings, business tools, and product development. Essentially, this digital infrastructure provides you with all of the tools you’ll need to run your school smoothly.

Angela Essien and Henry Chibuzoin created the organization in 2018, and it is privately held. They focus on school finance management, technology, educational technology, and product creation. Your school’s finances are in good hands with Schoolable. This website makes it simple for parents to save for their children’s education.

What kind of services does Schoolable provide?

The following is a list of the services that the platform provides to school administrators:

1. Convenient Reconciliation

This software assigns a unique account number to each family or student in your school. Essentially, this allows you to see how much they pay, when they pay, and other details about the transaction.

2. Invoicing for Students

You may use the Schoolable invoicing feature to keep track of how much each student owes your school. Basically, you can keep track of partial payments, manage discounts, and create an auto reminder to remind parents about their unpaid school expenses.

3. Various payment options

For the convenience of students, our website offers a variety of payment options. They can just deposit money into their family account, which is provided by the platform. They can pay all of their unpaid school costs immediately from this account.

4. Saving

The Savings function relieves parents of the burden and planning that goes into saving for their child’s school tuition. Your savings are essentially automated, and you receive competitive interest on every dollar you save.

Finally, the platform allows you to be flexible. Essentially, this implies that you have complete control over where all school fees are paid. You can keep it in your Schoolable account or transfer it to any Nigerian bank account.

How can I sign up for Schoolable?

Here’s how to sign up for Schoolable and get started:

  1. Log in to the website,
  2. Next, tap “Open an account”

Finally, fill up your information and click “register.” Your account has been successfully created.

Is it possible to get a loan from Schoolable?

Yes, you certainly can. Schoolable loans are accessible to parents who are unable to pay their child’s fees due to a lack of funds. After opening an account, you can apply for a loan and receive one after finishing the process. Schoolable would essentially function as a middleman between the school and you, the parent, ensuring that you pay over a pre-determined period of time.

How can I apply for a Schoolable loan?

Follow the steps below to get started:

  1. Visit the Schoolable website and create an account.
  2. Go to the “request for a loan” area of the website.
  3. Fill out the forms and provide the relevant information.
  4. You would be notified whether your loan application was successful or not.

What is the maximum amount of money I can save on Schoolable?

You can start saving with as little as N100 on the platform, and there are no limits to the amount you can save.

What kind of savings programs does Schoolable offer?

Essentially, the site offers two different savings options. They are as follows:

1. Consistent planning

You can save money on a daily, weekly, or monthly basis for at least three months with the Periodic programs. All you have to do is choose which type you’re interested in, and the platform will take care of the rest.

They make sure that your money is automatically stored on the day you specify. The baby blooming plan, secondary school plan, and termly tuition savings plan are all part of this strategy.

2. Put Money Aside As You Earn

This plan is manually topped up. You can use this instead of automatic saves if your income is irregular and you find it difficult to keep up with them.

In a nutshell, these plans are what every user on the platform has access to.

How much interest do I earn on my Schoolable plans?

The platform provides you with a competitive yearly interest rate, which is paid to you every day.

Is there a mobile app for Schoolable?

They do not yet have a mobile app. You can, however, register an account on their website and manage the funds and savings of your school.

How can I get in touch with Schoolable?

You can reach out to Schoolable in a variety of ways:

  • Address: Close 1, Victoria Garden City Lagos, Lagos 23401, NG
  • Phone Numbers: +234 814 714 0714 or +234 903 000 9647
  • Website:

Email Address:


Schoolable is a platform that provides you with all of the tools you need to manage the finances of your school. It also allows parents to take out a loan or save for their child’s tuition. Overall, this platform aims to make school finance administration, savings, and EdTech as simple as possible for individuals.

Source: Nyscinfo

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