RenMoney Introduces School Fees Loans, Partners with Schools


Lagos, Nigeria, August 2016:  RenMoney MFB Limited, provider of “simple money solutions” has introduced the School Fees Loan Product – a partnership relationship between RenMoney and Schools to make access to school fees loans easier and faster for parents and guardians.

Parents who meet RenMoney’s credit criteria can enjoy lesser interest rates and faster processes on school related expenses such as tuition, registration, books, lunch, sports, etc. for their children or wards if the school they attend is in partnership with RenMoney.

Graham Lee, CEO RenMoney MFB Limited reasserted RenMoney’s commitment to provide simple money solutions to Nigerians. “Getting fast access to cash should not be a problem especially when it affects the future of your child” he said, “RenMoney is bridging that gap and providing an enabling environment between school administrators and parents in terms of fees so that children can stay in school and learn” he concluded.

RenMoney has encouraged schools to partner with them to make school fees period hassle free for both schools and parents as qualified parents can access up to NGN 2, 500, 000 loan and the fees are paid directly to the school.

Parents, who wish to enjoy this product, can introduce their child’s school to RenMoney by sending a mail to [email protected]. Also, School owners/administrators who would like to partner with RenMoney can also send their details to [email protected] or call 0700 RENMONEY (0700 7366 6639).

More details on the School Fess Loan product are available on

RenMoney’s School Fees Loan gives access to up to N2, 500, 000 collateral free cash loan that covers tuition, registration, books, lunch as well as other invoiced education related costs by the partner school(s).

About RenMoney MFB

RenMoney serves a fast growing customer base of over 25,000 people in Lagos and has one of the strongest and well-tailored portfolios of products and services aimed at providing solutions to the everyday money needs of Nigerians. Their services include Unsecured Cash Loans, Fixed Deposits, Target Savings, POS Loans, School Fees Loan and Smartphone Financing. Please visit for the latest news and in-depth information about RenMoney and its products or follow us on our social media pages;

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