• Gives you access to funds for repayment over a long period against expected funds

• Competitive interest rates

• Easy and convenient repayment plan

• Simple and convenient application process

• Private primary and secondary schools

1. Complete an Oceanic Bank Non Consumer Loan Application Form

2. Visit the nearest Oceanic Bank Branch to talk to a designated account relationship manager for further processing.

For more information:

• Call: 01-2806083
• Email: rbgbusinessbanking@oceanicbank.com

Q. What is the maximum tenor of this facility?
A. 24 months

Q. What is the minimum tenor of this facility?
A. 3 months

Q. What is the maximum amount a school can get?
A. A school can get up to a maximum of N10 million.

Q. What is the minimum amount a school can get?
A. The minimum school can apply for is N2 million.

Q. What repayment method will be adopted?
A. The school can decide to pay monthly, quarterly or biannually subject to when school fees are paid but interest is paid monthly on the loan.

Q. What is the expected maximum Debt Service Ratio (DSR) of interested customers
A. The expected maximum debt service ratio (DSR) is 30% of annual turnover.

Q. Is there a penalty for early repayment or part liquidation?
A. No.

Q. What is the security proposed for this facility?
A. The security proposed are as follows:
• Undertaking to domicile school fees and other income with the Bank.
Collateral cover of either
• Fixed or cash deposit (Naira) – loan amount will be 90% of deposit value
• Fixed or cash deposit (GBP, Euro or USD) – loan amount will be 50% of deposit value
• Legal mortgage on property (including school premises) – loan amount will be 80% of property value