Stanbic IBTC Introduces Educational Payment Products To Usher Students Back To School

As another school
year beckons, Stanbic IBTC Bank PLC, a member of Stanbic IBTC Holdings PLC, has
introduced a suite of educational payment products that will ease the burden of
school fees which parents and guardians have to bear. Stanbic IBTC Bank PLC, being
a Nigerian bank, specifically developed the educational products, taking
cognisance of the country’s cultural nuances.

The first of the
solutions is the EZ cash loan/advance. Parents and wards who are strapped for
cash at the point when school fees payment are due, can take advantage of the
EZ cash loan which gives access to loans, in less than a minute, to
pre-approved customers.

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Salaried
employees can also take advantage of Salary Advance (SALAD), another of the
bank’s short term loans that are quick and easy to get. Another of Stanbic IBTC
Bank PLC’s educational products is an international money transfer solution for
payment of school fees and allowances abroad. Added to that are prepaid cards which
can be preloaded with pocket money for children/wards, while the credit cards,
which currently offer a 55-day interest moratorium, can be used to seamlessly
pay school fees.

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Dr. Demola
Sogunle, Chief Executive, Stanbic IBTC Bank PLC, said that the bank attaches a
high premium to learning, hence the need to develop solutions which parents and
guardians can take advantage …read more

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Source:: MediaCraft

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