Connect with us


List of Banks Offering Student Loan In Nigeria

A student loan is a type of loan given to help students pay for education such as tuition, accommodation, books, food, and so on. Due to the high cost of education in the country, the need for student loan becomes a necessity as there are now banks where you can easily get student loan in Nigeria to finance your education. In this post, we shall be listing banks in Nigeria that grant student loan, and give guide on how you can access the loan.

Note: Student loan is different from other type of loans. It has a very low interest rate, and more flexible repayment schedule. See where to get Instant Cash Loans in Nigeria.

List of banks that offer student loan and how to access it

Below is the list of banks offering student loan in Nigeria;

1. Access Bank

Access Bank Plc students loan is designed to provide students with short-term financing to enable them pay their schools fees and other related fees. Students can access up to ₦5 million with no option to refinance.

Access bank requirements

  • Student’ admission letter
  • Tuition advice
  • Letter of domiciliation of students parent’s/sponsor’s salary account
  • A copy of employment ID or valid means of identification belonging to the student’s Parent/sponsor
  • Bank Verification Number (BVN)

See list of federal government loans 2020 (See how to apply).

2. GT Bank

GTBank also provides loan to enable parents finance their child’s/ward’s education. This is only for schools in Nigeria. Up to ₦5 million loans can be accessed with a maximum tenure of 4 months.

GTBank student loan requirements

Parents employer’s undertaking letter

3. First Bank

Through FirstEdu Loan, first bank also grant loan to parents to pay their children’s school fees. It also offers flexible funding for upgrading school facilities.

4. Education bank loan

The Federal government approved the establishment of education bank and student loan boards by states at concessionary interest rates to allow students access funds.

Share this post

Continue Reading
You may also like...


  1. Evan


    As I was writing my npower nasims test yesterday the page went blank and some mins it says that am blocked. That i should contact xsupport for more information. Please what do I do to unblock my account and write my test as well.

  2. Ogbuagu chinenye blessing


    Pls the idea is good

Leave a Reply

Your email address will not be published. Required fields are marked *

More in Loans/Finance


Recent Posts

Subscribe to Our Newsletter

Enter your email address to SUBSCRIBE for FREE to this blog and receive notifications of new posts by email.

Join 9,355 other subscribers
To Top