Jibusti
What is an education loan?
At Jibusti we understand that education is the most valuable thing we can give our children. Whether your little one needs a new uniform, school bag, more books, piano lessons, or karate classes – then you might be in luck! The new school year can be a big undertaking, which is why we are here to make some of the stress away from the back to school season.
What you need to provide us with:
- Salary Slip (3 months worth)
- School joining and payment instructions
- Student’s birth certificate with (2) recent passport size
- School Bank Account; and
- Standing order from your bank that your salary is deposited into.
- Letter from employer that you have been employed for 6 months or more.
The loan process
Once you provide us with all the necessary documents
Jibusti will:
Provide you with a 12 month payment plan for
your approval
Payments will be deducted directly from you
salary
Make payments to the school on your behalf
Payment Plan
For example total school fees, uniforms and books comes to 1,000,000 Tsh.
Your payment plan will be as follows:
Process fee + Interest: 3%
Total: 1,495,000 Tsh.
We divide this total by 12 months.
- Your monthly payments will be 124,583 Tsh.
- Your upfront process fee will be 124,583 Tsh.