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

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