How to apply for student loan trust fund

Student Loan Trust Fund

The Student Loan Trust Fund is a financial institution that offers loans to students to help them pay for tuition fees, accommodation, textbooks, feeding, and general wellbeing. The trust fund has opened its application portal for new applicants who wish to seek financial assistance to fund their academic pursuits.

To apply for the student loan, you need to have the following requirements:

• Ghana Card (in PDF format)
• Active email
• Active phone number
• E-zwich card
• Student ID (in PDF format)

Note that all documents will be scanned to PDF format.

How to Apply: To apply for the student loan, follow these steps:

1. Register for an E-zwich card at any E-zwich branch.
2. Open an email.
3. Check the requirements.
4. Have two passport sizes.
5. Read the student loan statement, which outlines the charges attached to the loan when it becomes overdue.
6. Submit your application online.

Repayment Options: There are various repayment options available for borrowers, including:

• Cash
• Cheque repayment (outright or by installment at the head office)
• Repayment by cheque at the zonal offices
• Monthly deduction (mandated) from the borrower’s salary by the employer.

Partner Banks: Borrowers can make loan repayments at any branch of the following partner banks:

• Ghana Commercial Bank (GCB) through Smartpay
• Ecobank Ghana Limited (EBG) through E-collect
• National Investment Bank (NIB) with a customized students loan trust fund and pay-in-slip.

The Student Loan Trust Fund aims to help students overcome financial challenges that may hinder their academic progress. Interested students are encouraged to take advantage of this opportunity and apply for the loan to cater to their financial needs.

SOURCE: Coverghana.com.gh