Banking | Mortgage | Real Estate

Refuge School Support Scheme

Get Funds Up to 10MN to Expand Your School

School Support Scheme product allows private school owners to access funds for expansion, renovation, property acquisition, salary payment, laboratory and science equipment, etc.

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Product Basic Features

The following are the product basic features of School Support Scheme:

Tenor up to 24 months

Flexible repayment in line with the school's cash flow

Obligor limit up to N10M

Competitive pricing

Equity contribution up to 20% for property and equipment financing Sign up now

Pre-Approval Requirements

The following are the Pre-Approval requirement of School Support Scheme:

Receipt of loan application letter.

Receipt of executed loan offer letter

Confirmation Government approval of the school

Government approval of the location for school

Confirmation of membership of Private School Association

Positive legal search on the property where property is the collateral.

Receipt of valuation report on the property.

Receipt of original title documents

Receipt of executed Deed of Legal Mortgage

Receipt of executed Credit Agreement and the Right Of Set Off

Receipt of executed Payment Guarantee Form

Positive CRMS check

Customer’s commitment to monthly credit turnover

Post-Approval Requirements

The following are the Post-Approval requirement of School Support Scheme:

Key man insurance on the Proprietor/Promoter

Yearly comprehensive on the property

Monthly receipt of school fee into the school account

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Achieve More With Us

Improve Teacher Satisfaction

By supporting salary payments and offering resources like laboratory equipment, we help you create a more attractive and rewarding work environment for your staff, fostering long-term commitment and improving student outcomes.

Transform Your School Ultimately

You can invest in your school and your student’s future without compromising your financial sustainability. We are committed to seeing your investments grow and achieving your goals for your school.

Enjoy Increased Cash Flow

Private schools like yours should have constant cash flows. This product helps you enjoy your school’s smooth running with flexible repayment options channelled to your school’s unique financial cycle.

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School Support Scheme

School Support Scheme product allows private school owners to access funds for expansion, renovation, property acquisition, salary payment, laboratory and science equipment, etc.

House Renovation and Improvement Account

This product helps finance renovations and upgrades on residential and business premises. It can equally be accessed to enhance the interior of individual residences. This includes the acquisition of household items.

Get in Touch With Us

Breathe Easy with Refuge Bank. Contact us to apply now.

Choose Refuge Mortgage Bank. Choose advancement.

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