In a move to increase service delivery and in keeping with their commitment to education, Equity Bank Uganda has rolled out an education loan product with the aim of supporting and easing the burden of school fees payments. Equity Bank offers parents who require financing in a short time an opportunity to pay school fees for their children conveniently.
The loan facility, which is available to all Equity Bank account holders who have had an operational account, has a flexible payment period and offers customers the safety of knowing that loans will be processed fast.
Customers can also get a bank draft for school fees payment at only UGX 8,000 or deposit school fees at any Equity Bank branch at an affordable fee.
Commenting on the move, Equity Bank Uganda Ag Managing Director, Apollo Njoroge noted that, “Users of the loan facility will be able to apply for the service in any of our 31 branches countrywide with easy repayment terms.”
“Through expanding access to support services in the provision of education, Equity Bank is responding to the challenges faced by parents. This service solidifies the bank’s commitment to providing solutions to deal with the challenges faced in delivering quality, comprehensive education to all children,” he added
“In numerical terms, this translates to hundreds of thousands of academically-promising young people in Uganda losing out on opportunities to attend primary and secondary school due to a lack of financial resources,” he concluded
Despite a concerted effort by many parents to provide their children with access to primary and secondary schools, the task is often impossible if they are not financially able. Equity Bank hopes to address this issue by providing consumer centric solutions that address the needs and aspirations of its customers.