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Stanbic IBTC Bank has called on parents to take advantage of its bouquet of educational products and payment solutions that will help them offset the financial burden of school fees, as new academic session begins.
The bank said parents can readily meet their short-term financial obligations to educate their children without stretching their finances.
According to the bank, its school fees facility includes the Salary Advance for salaried workers, which offers very friendly interest rate and payment cards that parents can easily access and use to pay school fees.
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The prepaid cards are available to load pocket money for children/wards, while the credit cards, which currently offer a 55-day interest moratorium, can be used to seamlessly pay school fees.
The school fees payment solutions underline the importance the financial institution attaches to education, it added.
The Executive Director, Personal and Business Banking, Stanbic IBTC, Babatunde Macaulay, said the development of the educational products is the bank’s way of showing that it cares about its customers, as well as the educational development of their wards.
According to him, the bank understands that education is the foundation of individual and societal growth and development.
“Stanbic IBTC constantly strives to understand the needs of its customers which it then uses to provide innovative financial and payment solutions tailored to those needs.
“Stanbic IBTC Bank will continue to develop products and services to support the realization of quality education in Nigeria. The school fees loan is a fast, simple and convenient way by which customers can meet their short-term financial obligations to educate their children. And the repayment terms are very convenient,” Macaulay said.
