Cross over with NMB Bank
NMB Bank offers you a loan facility when your child’s school fees needs to be paid.
Ensure that your most precious gift is in school, always!
N.B. All schools are covered under this facility
Terms and Conditions | |
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Who Qualifies | Salaried individuals who demonstrate ability to meet monthly repayments |
Schools Covered | Any school, for as long as the applicant qualifies for the loan |
Acceptable use of Funds | Payment of school fees only |
Loan Payouts | The loan amount will vary with the value of the school fees as stipulated below:
School fees range: Above $1,000
School fees range: $500 – $1,000
School fees range: Below $500
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Minimum Repayment Period | 1 month |
Maximum Repayment Period | 3 months |
Interest Rate | 18% p.a. |
Arrangement Fees |
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Insurance | 1% of the loan amount |
Debt to Income Ratio (DIR) | Loan repayment amount must not exceed 40% of net salary |
Required Documentation |
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Conditions |
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*Terms and conditions apply