Kaduna State Tertiary Education Loan

The Kaduna State Government, through the Kaduna State Scholarship and Loans Board (KADSSLB), in collaboration with ABU Microfinance Bank, provides Kaduna State Student Tertiary Education Loans to eligible students.

Objective of the Loan

This initiative is established under KDSLN Law No. 1 of 2023, aimed at supporting Kaduna State residents and indigenes to access higher education without financial barriers.

Financial Assistance

Provide financial assistance to full-time students in Nigeria or abroad

Cover Expenses

Cover tuition fees and upkeep allowance for students

Equal Access

Promote equal access to higher education for Kaduna State indigenes and residents

How to Apply

Follow these simple steps to begin your loan application

ABU MFB Mobile App

Download the ABU MFB mobile app by Moneta from Google Play Store or App Store

Google Play App Store

Create Account & Open ABU MFB Wallet

Create an account and open an ABU MFB Wallet account directly on the mobile app

Navigate to Loans

Select the "Loans" section in the mobile app

Select Loan Type

Choose "Kaduna State Tertiary Education Loan" from the available options

Complete Application

Follow the on-screen process to complete your loan application

Eligibility Criteria

To qualify for the loan, applicants must meet the following requirements

Must be an indigene of Kaduna State or have resided in Kaduna state for at least 5 years

Be less than 30 years old at the time of application

Have a valid admission letter from a recognized tertiary institution

Possess a National Identification Number (NIN)

Provide a qualified guarantor (civil servant GL15+, judge, academic staff, traditional ruler, senior military/police officer, or approved private sector individual)

Provide evidence of life insurance (facilitated by the partner bank)

Loan Types

Choose the loan type that best suits your needs

Student Tertiary Education Loan

Maximum Amount: ₦1,000,000 (Non-Medical) / ₦2,000,000 (Medical)

Interest Rate: 0% (Zero interest)

Repayment Period: 10 years after graduation

Moratorium: 2 years

Third-Party Guarantee Loan

Maximum Amount: ₦5,000,000 per sponsor

Interest Rate: 8% (Single-digit rate)

Repayment Period: 5 years maximum

Eligibility: Sponsors on behalf of students

Disbursement Process

How your loan funds are processed and disbursed

Approval

Funds are disbursed directly by ABU MFB after approval

Tuition Payment

Tuition fees are paid directly to the institution

Upkeep Allowance

Upkeep allowances are credited to the student's account

Important Notes

Please read these important terms and conditions carefully

Disbursement Stoppage

Loan disbursement stops immediately if a student is withdrawn or rusticated from their institution.

Legal Obligation

In case of default, guarantors and sponsors are legally bound to repay the loan amount.

False Information

Applicants discovered to provide false information will be disqualified from the loan program.

Contact & Support

KADSSLB

http://www.scholarship.kdsg.gov.ng

Email Support

info@abumfbank.om.ng

Phone Support

08141695193