With student loans, eligible students can confidently begin their study abroad journey with flexible, student-friendly loan options designed exclusively for master’s programs.
To qualify for the student loan, you must:
Processing fee: NGN249,000
This varies and will be calculated according to the applicant's profile (amount and program duration)
The loan amount receivable is the same as your tuition fee amount after the tuition deposit has been paid by the student.
3-4 weeks after the issuance of your letter of acceptance
The interest rate is about 9% to 17% of the loan amount and this is usually dependent on the school of choice, course, fees and credit score.
Your credit score is the percentage of your creditworthiness by summarizing your credit history. It indicates the likelihood of you repaying borrowed money on time.
10 to 15 years
The loan money is paid towards your tuition, directly to the school and not to the student.
You can start paying from 6 months after graduation.
Yes, you can make repayments while studying, but you are not mandated to pay while studying.
It will affect your credit score.
Credit history is not compulsory. However, you shouldn't have a bad credit score if you have a credit history.
We can start the process before the issuance of the LOA, but it will be finalized when the offer is out
No, a collateral is not required.
The loan is currently available to international students in the master's program.
No, the loan only covers the student tuition fee.
Only selected internation schools in the UK, USA and Canada are available for the student loans.
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