• Structured private educational institutions (primary, secondary & tertiary)
• Schools that have operated for a minimum of 3 years
• Schools that have 100 pupils/students and above
• Schools that have a current account relationship with Fidelity bank.

All Fidelity branches across the 36 states of Nigeria can avail the Eduloan facility to any private educational institutions provided that they meet the RAAC requirements.

• Term Loan
• Working Capital Finance (Overdraft)

• To fund expansion projects and construction works for schools.
• To purchase and lease fixed assets such as school buses, generators etc.

• To finance minor renovation works on school property.
• To finance payment of salaries and procure items such as furniture, educational books, school uniforms, teaching materials etc.

• To keep pace with competition in this emerging and very attractive market segment.
• Increase our share of the Education Sector banking market.

• Grow our low cost deposits, income, and risk asset numbers by harnessing the opportunities provided by the very active, thriving Nigerian Education sector.
• Attract new school accounts/retain the ones currently in our books.

• Complement our other product offerings to schools.

• Receipt of loan request letter from school with supporting documents.
• Relationship officer reviews customer’s application and supporting documents against a checklist of eligibility/ risk acceptance criteria.
• Relationship officer prepares a Credit Approval Memo (CAM) for sign off by the BL, RBH and Managed SMEs.
• The CAM, school’s loan request letter, account statement with supporting documents are scanned to Credit Appraisal Unit (CAU) of Risk Management Group (RMG).
• CAU team reverts.
• Offer letter is issued to customer and account officer follows up to ensure compliance with Conditions Precedent to drawdown/documentation requirements’
• Resident Auditor/TSD Head review/sign off on the requisite documents against a checklist of Conditions Precedent to Drawdown.
• Duly verified documents are uploaded on the Legal workflow portal for review/approval by legal and Risk.
• Review of facility documents by legal officer and approval by GH, legal on the portal
• Review of facility documents and approval by Risk Management.
• Credit administration/Disbursement unit gets Managed SME to approve.
• Set up of facility by Credit administration/Disbursement unit.
• Disbursement/set up is effected using the correct purpose of advance code to aid monitoring.
• Relationship Officer follows through to ensure termly/session school fees come to Fidelity till final liquidation is achieved.