10 Steps In getting Loan for Study Abroad ( European COUNTRIES ONLY)

1. Contact Miposh Travels to start your admission application process
2. Open a personal account with 5TT MFB (can be done online)
3. Determine how much that will be enough to cover your tuition fees and living expenses for one year.
4. Fill the loan application form and provide a guarantor, no collateral required
5. Deposit 10% of the amount you need as your equity contribution with 500 Euros as administrative charge and pay same into your account with 5TT MFB, upon loan approval, a loan certificate is issued.

Note: your account will not be charged until loan approval Certificate is issued
6. The bank then debits the 10% equity with the administrative charge from your account
7. The bank will then trasfer 100% of your tuition fee directly to the school
8. Loan term is 3years, and Interest rate is 0.8% Monthly on reducing balance

9. The guarantor will be contacted if you fail to pay after 3years. Note the Guarantor MUST provide a signed 4 cheque leaflets
10. The loan is available for Masters programme, PGD,PhD, and Diploma programmes.