The LSETF/First-Edu Loan is a ₦5B intervention fund targeted at Schools and relevant educational institutions (in ME & SME categories only) which have been in operation for over one year, and with minimum students’ population of 100 (one hundred). The initiative is a partnership between First Bank of Nigeria and The Lagos State Government.

LSETF/FIRST-EDU LOAN (500,000-5,000,000) per school

FEATURES

• AVAILABLE TO SCHOOLS OPERATING IN LAGOS STATE
• MAXIMUM LOAN SIZE =N=5M
• TENOR = 12 – 24 MONTHS
• EQUITY = 5% OF LOAN SIZE
• INTEREST RATE = 9% PER ANNUM

REQUIREMENTS

• LASSRA ID
• TAX ID (LIRS)
• VALID GOVERNMENT ISSUED IDENTITY CARD
• TIN NUMBER (FIRS TAX IDENTIFICATION NUMBER)
• VALID CAC DOCUMENTS
• MINIMUM OF 50 STUDENTS ENROLLED
• BANK VERIFICATION NUMBER
• 2 PASSPORT PHOTOGRAPHS
• 12 MONTHS CORPORATE BANK STATEMENT
• SCHOOL OR TRAINING INSTITUTE MUST BE REGISTERED WITH THE CAC AND OPERATIONAL FOR AT LEAST 1YEAR.

Click Here To Apply For The LSETF/First-Edu Loan

Management Team

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