Make your stay in NAUB a success by applying for a student loan. There is no gain-say about the fact that most students drop out of school due to finance. While others are faced with no other option than to struggle with the reality of lack of funds. Well, all this ends today, as we bring to you NAUB student loan. If you are a student in NAUB then, you are accessible to this loan and financial aid opportunity. Read on for more information.
Type of Loans NAUB Students Can Apply for in Nigeria?
Below are types of available loan options NAUB students can apply for in Nigeria:
Federal Scholarship Board (FSB) loans
Bank loans
Private lenders
Eligibility Criteria to Apply for Loan as a NAUB Student
In order to get a pre-approval for this loan, you must fulfill the following:
First, as an applicant, you must be a Nigerian citizen.
Then, you must be enrolled as a full-time student at NAUB.
Next, you must have an excellent academic record.
Also, you must demonstrate financial need.
You also need to be able to provide proof of enrollment and proof of income.
You can get other information about this from the lender you are interested in borrowing from. This is very important as every, lender or loan organization has their specific needed requirement.
Documents Required for the NAUB Student Loan Application Process
The following are the needed documents for the NAUB student loan:
A completed loan application form
Two passport-sized photographs
A letter of reference from a lecturer or professor
Proof of enrollment at NAUB
A guarantor’s letter
Proof of identification (e.g., national ID card)
Proof of income (e.g., bank statements)
How to Apply for NAUB Student Loan
Follow the guide below:
First, gather all of the required documents needed for the loan.
Then, complete the loan application form.
Next, submit the application form and required documents to the lender.
Then, wait for a decision from your lender.
Processing time for some lenders is short and others may take longer. This varies as loan companies operate differently.
Alternatives to Loans for NAUB Students
Scholarships and grants
Work-study programs
Bursaries