How to Apply for a Student Loan in OBONG UNIVERSITY

This article contains information on How to Apply for a Student Loan in OBONG UNIVERSITY. If you are having trouble with finances as a student, there are loan facilities that will help you with these financial burdens.

How to Apply for a Student Loan in OBONG UNIVERSITY

Since Obong University is a private university in Akwa Ibom State, the student loan of Nigeria is not open to it. However, there are other loan facilities that students of Obong University can apply for and this article is here to help.

What Type of Loans can OBONG UNIVERSITY Students Apply for in Nigeria

Obong students can apply for loans from the LAPO Microfinance Bank. Their education finance loans are provided to enhance the quality of education. Also, it supports parents or guardians to meet the education expenses of their children or wards. If the parents or guardians of any Obong University Students are members of LAPO, then they can apply for the loan on behalf of their ward.

Eligibility Requirement to Apply for Loan as an OBONG UNIVERSITY Student

In order to apply for a Lapo Microfinance bank educational loan, not much is needed.

  • A student of Obong University must have a parent who is a member of Lapo Microfinance Bank.
  • A student can also apply to be a member of the organization in order to be eligible for the loan.
  • Also, an applicant must be a student as the loan is for solely educational purposes.

Documents Required for the OBONG UNIVERSITY Student Loan Application Process

The following are the documents needed by an Obong University student in order to apply for a Lapo microfinance loan;

  • Loan application letter.
  • A duly completed application form.
  • Provision of two guarantors.
  • A valid means of ID. It could be a national ID, a driver’s license, an international passport or a voter’s card.
  • Current utility bill.
  • Also, four recent passport-size photographs.

Loan Application Process for OBONG UNIVERSITY Students

To apply for a loan is quite easy. All you have to do is take the documents listed above and walk into the Lapo microfinance bank closest to you and start your application process.

Alternatives to Loans for OBONG UNIVERSITY Students

There are other banks that give out loans to students for educational purposes with minimal interest rates. They are;

  • GT Bank Student Loan
  • Federal Government Education Loan
  • First Bank FirstEdu Loan

Also, Obong University students can apply for scholarships that will cover their educational expenses. There are federal, state as well as local government scholarships. Also, there are school-funded scholarships that can cover the school fees of Obong University students if merited.

Conclusion

If you are finding it difficult to pay fees as well as access loans as a university student, then this article should be of great help to you.

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