NMB school fees loans enable parents to pay fees on time

NMB school fees loans enable parents to pay fees on time
Published: 06 September 2017 (798 Views)
Finding the money to pay school fees is a problem that most parents face as school holidays draw towards a close. The more school-going children there are in the family the greater the challenge the parents face.

NMB Bank has established a school fees loan facility to address this problem. Provided the loan applicant is employed, has no existing fees arrears with the school and is capable of repaying the loan, NMB Bank will pay the school fees directly to the school, allowing the parent to repay the bank over a period of between one and three months.

Parents who are not NMB account holders can access this facility provided their employers are able to effect source deduction for monthly repayments.

NMB chief banking officer Lionel Chinyamutangira said the loan facility is intended to help parents ensure that their children do not have any difficulties related to school fees payments when starting a new term.

"NMB is dedicated to providing banking services that are second to none. We appreciate that it is sometimes difficult to raise the full school fees amount required at one go.

"The school fees loan facility is designed to give parents some breathing space, so that they can satisfy the school's requirement for fees to be paid in full on or before the first day of term, while at the same time being able to spread the expense over a period of up to three months," he said.  

The documents required when applying for the loan are a completed application form, a current payslip, proof of residence and an invoice from the school, which must be submitted at any NMB branch nationwide.

- Agencies

Tags: NMB, schoolfees, loans,
 0

You May Like These Videos

Comments

There are no comments.

Latest stories

Mnangagwa backs Chiwenga for firing nurses

by Staff reporter | 23 April 2018 | 88 Views

Welshman Ncube deputy in car crash with CIO agent

by Staff reporter | 23 April 2018 | 83 Views

Chiwenga threatens 'war' and 'violence'?

by Staff reporter | 23 April 2018 | 117 Views

Charumbira vies for PAP presidency

by Staff reporter | 23 April 2018 | 58 Views

Chamisa promise mobile network for goats

by Staff reporer | 23 April 2018 | 87 Views

Shamu accused of attempting to destabilise Zanu-PF

by Staff reporter | 23 April 2018 | 59 Views

PHOTO: 'Chicken Inn' advert goes viral

by Social media | 23 April 2018 | 71 Views

5 974 nurses lost their jobs during the strike.

by Byo24News Reporter | 23 April 2018 | 64 Views

Khupe rigged him and he stands

by Henery Madiro | 23 April 2018 | 78 Views

What I learnt from a lady who gave me ticket number 17.

by Mthokozisi Gwizi | 23 April 2018 | 69 Views

Ruvheneko hurt by 'side chick' rumour

by Staff reporter | 23 April 2018 | 157 Views

Bosso fan battles for life after falling from terraces

by Staff reporter | 23 April 2018 | 95 Views

Sex worker dies at client's house

by Staff reporter | 23 April 2018 | 150 Views

Davido, Boity fight at hotel

by Staff reporter | 23 April 2018 | 137 Views

Roads are in a deplorable and dilapidatory states

by Givestar Kamuzonde | 23 April 2018 | 92 Views

Khupe committed political suicide

by Pardon Maguta | 23 April 2018 | 123 Views

Bouncers fight at Davido show

by Staff reporter | 23 April 2018 | 84 Views

Mnangagwa create courts for politically motivated crimes

by Staff reporter | 23 April 2018 | 101 Views

Joy for civil servants

by Staff reporter | 23 April 2018 | 169 Views

Job Sikhala writes to Thokozani Khupe

by Job Sikhala | 23 April 2018 | 135 Views

Mnangagwa creates courts for politically motivated crimes

by Staff reporter | 23 April 2018 | 98 Views

Zanu-PF officials collect voter registration slips from residents in Byo

by Mkhululi Zulu (Zapu Presidential Spokesperson) | 23 April 2018 | 136 Views

The importance of responsible leadership

by Mike, Harare | 23 April 2018 | 78 Views

PHOTOS: Zimbabwe Cricket boss ventures into Zanu-PF politics

by Staff reporter | 23 April 2018 | 97 Views

WATCH: Chamisacare to be launched soon

by Staff reporter | 23 April 2018 | 109 Views

WATCH:Marange diamond fields demonstration

by Staff reporter | 23 April 2018 | 95 Views

'Mugabes don't have anything to do with Zimbabwe Airways deal'

by Staff reporter | 23 April 2018 | 87 Views

Mnangagwa faces bhora musango

by Staff reporter | 23 April 2018 | 101 Views

'Chiwenga out of order'

by Staff reporter | 23 April 2018 | 96 Views

Zimbabwe leaders must simply fix health care system

by Staff writer | 23 April 2018 | 79 Views

Cowards die before death

by Tondorindo, Chinehasha | 23 April 2018 | 92 Views

New Plumtree kid on the block drops 'maMoyo'

by Entertainment Reporter | 23 April 2018 | 86 Views

Muscle imbalances: What you should know and how to correct them

by Lifestyle Reporter | 23 April 2018 | 65 Views

Zanu-PF bigwigs face axe

by Staff reporter | 23 April 2018 | 95 Views

Grace Mugabe linked to $5m bribe request

by Staff reporter | 23 April 2018 | 88 Views

ZANU(PF) Matabeleland South candidates list for nomination

by Stephen jakes | 23 April 2018 | 64 Views

2 bulls in the new dispensation kraal

by Staff reporter | 23 April 2018 | 103 Views