Where to find Japa Travel Loans in Nigeria For Students and Graduates

Where to find Japa Travel Loans in Nigeria For Students and Graduates

Japa Travel Loans have become increasingly popular in Nigeria as more and more students and graduates seek to travel abroad for education and other opportunities. These loans are a great way for students and graduates to finance their travels and achieve their dreams. In this article, we will explore where to find Japa Travel Loans in Nigeria for students and graduates.

Firstly, it is important to understand what Japa Travel Loans are and how they work. Japa Travel Loans are loans specifically designed for students and graduates who want to travel abroad for education or other opportunities. The loan can be used to cover a range of expenses, including tuition fees, accommodation, and living expenses. The loan is typically repaid over a set period of time, with interest added to the amount borrowed.

Now that we have an understanding of what Japa Travel Loans are, let’s explore where to find them in Nigeria. One of the best places to start your search for Japa Travel Loans is with financial institutions such as banks and microfinance banks. Many banks in Nigeria offer travel loans to students and graduates, and some have specific loan products designed for this purpose.

Companies That Offer Japa Travel Loans To Students and Graduates

Access Bank

One bank that offers Japa Travel Loans in Nigeria is Access Bank. Access Bank’s “Advance for School Fees” loan is designed to help students and parents pay for education-related expenses, including travel. The loan is available to students and parents with a salary account with Access Bank, and it can be repaid over a period of up to 12 months.

With the access bank advance for school fees loan, you can get a loan of up to 5 million naira. You will need a payslip and a 6-month bank statement, a duly completed application form, a duly accepted offer letter, a valid identification card and a recent utility bill. To learn more about the access bank advance for school fees, click here 

Stanbic IBTC Bank 

Stanbic IBTC bank offers Unsecured Personal School fees loans. It comes with zero collateral, and it is targeted at meeting the financial needs of parents and guardians that want to pay the school fees for their children or would in any tier of the education system. The Stanbic IBTC Unsecured Personal School Fees loan is easy to get as the process the short and timely, it can be easily accessed, the repayment plan is quite flexible and the loan caters to all levels of education.

To be able to apply for this loan you will need documents such as a letter of introduction and salary domiciliation from your employer, payslip for the past 3 months, means of identification and an invoice from the school that shows the accommodation and upkeep fees. The loan is 12 months long but can be extended and this loan is available for both schools locally and internationally. Click here to find out more

In addition to banks and microfinance banks, there are also online lending platforms that offer Japa Travel Loans in Nigeria. These platforms offer loans to students and graduates who may not have a credit history or who may not be able to access loans from traditional financial institutions.

I spoke with representatives of a number of money lending apps and a lot of them do not exactly offer travel loans for students but they do offer loans that you can use for whatever it is you need and then pay back. It depends on you and what you need and your eligibility.

Migo.Money

I spoke with Adanne from Migo Money and she confirmed that they give loans up to 1 million Naira that can be used at the receiver’s discretion but they do not necessarily give travel loans. It is up to you to decide if you want to use the loan to travel or to process your travelling needs. 

FairMoney

Speaking with Susan, a representative from FairMoney, she also confirmed this and said they give loans of up to 1 million Naira or above depending on your eligibility but they are general loans not necessarily student loans, if you decide to take the loan to process your academic on travel needs then of course, that’s a choice you can choose to make but they do not necessarily give student loans, only general loans. Click here to start

MPower Loans

The MPower loans are geared towards international students and it is a great way to help fund education. MPower has been giving loans since 2014. For the MPower loans, you do not need a collateral cosigner and instead of this, MPower will look out for other factors and that includes your future earning potential. As a student, you have the flexibility of getting loans from as little as $2000 up to $100,000, i.e a total of 50000 dollars per academic period.

The MPower financing loan has a fixed interest rate for the entire duration of the loan but you can receive a one-time discount of 0.25% on your interest rates if you enable automatic loan repayment through your bank account. MPower loans help international students who want to study in the United States and in Canada and will give loans to students based on their future earning potential.

Finally, it is worth noting that there are also scholarship and grant opportunities available to Nigerian students and graduates who want to travel abroad for education. These opportunities can be found through organizations such as the Nigerian government, international organizations, and universities. You can find quite a number of such scholarships and grants on our website Japa.ng.

In conclusion, Japa Travel Loans are a great way for students and graduates in Nigeria to finance their travels abroad for education or other opportunities. There is a range of options available, including loans from traditional financial institutions such as banks and microfinance banks, as well as online lending platforms. Additionally, there are scholarship and grant opportunities available to Nigerian students and graduates who want to travel abroad for education. By exploring these options, students and graduates in Nigeria can find the financing they need to achieve their dreams.