How To Get Student Loans in Nigeria 2022 And Best Platform To Use

Handling finances efficiently is one challenge every business or school owner may have encountered at some point in the course of running their business.

Fortunately, there are certain reliable and efficient digital platforms that have been designed to ease these processes.

Schoolable is a digital infrastructure that provides all of the tools needed by School business owners to effectively manage their School business. Here’s all you need to know about this financial management organization.

How To Get Student Loans in Nigeria 2022 And Best Platform To Use

An Overview of Schoolable

Schoolable is a financial services management platform that provides finance management, savings,EdTech,business tools and also product development services. This digital infrastructure offers all the basic tools one needs in management of school business.

The organization is owned and was founded by Angela Essien and Henry Chibuzoin in 2018. Specializing in Tech, financial management,EdTech,product development and other fiancial services, Schoolable is renowned for  its efficiency in providing assistance in he management of school finances. This platform helps parents and guardians to save easily for their child  or ward’s education.

Services offered by Schoolable

Below is a list of services offered by the platform to school owners;

1. Easy Reconciliation

Schoolable provides every student in your school with a unique account number. This basically enables you to know the exact amount paid, time it was paid and other important information about the transaction.

2. Student Invoicing

This platform provides an invoicing feature that allows for records entailing the information about exact amounts owed and paid by your students. Half payments can be tracked successfully,discounts can be managed and an auto reminder can also be set to update parents and guardians of outstanding school bills.

3. Multiple payment channels

Schoolable provides students with multiple payment methods for their convenience. They can easily just transfer funds into family account provided to them by the platform. Through this account, students can directly clear all unpaid bills owed to the school.

4. Saving

This saving feature provided by Schoolable reduces the stress and planning parents go through in order to save for their child’s school fees. Basically, savings are automated and you can earn interests on amounts saved.

Lastly,the platform provides flexibility in financial management. This means you can decide where you want all school payments to done,you can decide to have it kept on your Schoolable account or move it to any bank account of choice in Nigeria.

How to register on Schoolable

Below is how you can register and set up your account on Schoolable:

1. Log in to the website, www.schoolable.co

2. Next, click “Open an account”

Finally, enter your details and click on “register”. You have successfully created your Schoolable account.

Obtaining a loan from Schoolable

Schoolable loans are available for parents who are short of cash to pay up their child’s schooling bills. You are eligible to apply for a loan after opening an account and receive one by completing the laid down process. Basically, Schoolable would act as an intermediary between the school and the parent, ensuring loans are paid up over a pre-programmed period of time.

How to apply for a loan at Schoolable

The following steps show how you can apply for a loan at Schoolable:

1. Login and register on the Schoolable website

2.Go to the “apply for a loan” section and click the apply option

3. Provide the correct required information and fill out the forms

4. You would be informed of the success or failure of your loan application.

What is the limit on savings on Schoolable?

Saving on Schoolable can begin with as low as N100 on the platform with no restrictions on the maximum amount that can be saved.

What are the Savings plans available on Schoolable?

Basically, two saving plans are provided on the platform. They are;

1. Periodic plans

This plan offers the ability to save funds on a daily,weekly or monthly basis for a period of at least 3 months. All you need to do is indicate the type of saving plan you want to adopt and the platform handles the rest.

This ensures money is saved automatically on the specific day that has been chosen when adopting payment plan of choice. This plan further divided into three sub-plans which are the ”Baby bloomer plan”, the ”Secondary school plan, and the ”termly tuition savings plan”

2. Save As You Earn

In this plan, savings are topped up manually. This is a plan that can be opted for to keep up with saving plans if you find it difficult to maintain automatic saving options especially when your earnings flow is not regular.

How much Interest do I earn on my plans with Schoolable?

The platform offers a good competitive interest rate annually and this return goes to your account every day.

Does Schoolable have a mobile app?

The platform has a secure,trusted and reliable website where all activities relating to services rendered by the platform is carried out. Accounts can be created on the website and then you can take charge of your school’s finances and savings. There is no mobile app for Schoolable yet.

How to contact Schoolable

You can contact Schoolable via ;

Address: Close 1, Victoria Garden City Lagos, Lagos 23401, NG

Phone Numbers: +234 814 714 0714 or +234 903 000 9647

Website: www.schoolable.co

Email Address: hey@schoolable.co

Conclusion

Schoolable is a financial management platform that provides the necessary tools needed to manage a School’s finances. It gives parents a chance to obtain loans and save towards their child’s education expenses. In general, the platform is dedicated to making school financial management, savings and EdTech easy and relatively seamless for interested individuals.