Ehuzua Hub secures support from Sterling Bank for the Fund’s education loan – TechEconomy.ng

Ehizua Hub, an Australian center for education and creative technology, has entered into an agreement with Sterling Bank Plc., to bridge the financial gap in access to quality Australian education online and on campus.

The parties disclosed this in a statement on Friday.

“Sterling Bank has integrated Ehizua Hub with EdPay through its Edubanc platform to enable the bank to provide services including credit facilities and other value-added services. As part of the deal, the bank will guarantee student loans to fund Ehizuahub courses listed on EdPay.

“Students onboarded through Ehizua Hub will have access to a flexible 12-month loan from Sterling Bank to fund creative technology programs as well as online and on-campus studies with Torrens University, Australia,” the report says. communicated.

Matthias Ehizua, Founding President and CEO of Ehizua Hub, said, “Partnering with Sterling Bank represents our commitment to leverage technology and strategic partnerships to deliver affordable and flexible education loan products that generate important social returns for students.

Obinna Ukachukwu, Head of Health and Education at Sterling Bank, commented, “Sterling Bank is positively impacting and growing the education sector in Nigeria and has developed Edubanc, a digital banking platform that meets the needs and tuition payment challenges by making Edpay, an education loan product, available to Ehizua Hub students and parents.

According to the release, Ehizua Hub and Sterling Bank are focused on profitability through positive social impact, responsible lending practices and bottom line financial results for students.

“EdPay loans come with an interest rate of 19.75% per annum and 1% credit insurance. Additionally, students will receive a 70% scholarship for online study with Torrens University and up to 30% on-campus scholarship in Australia, providing zero net interest on the Sterling Bank loan to students.

“Ehizua Hub will also facilitate admissions and scholarships to Torrens University Australia,” he explained.

Torrens University Senior Vice President International Mark Falvo is quoted as saying, “Our engagement with Ehizua Hub to facilitate admissions and scholarships for Torrens University students in Australia is driven by our commitment to being fundamentally good. This simple yet powerful philosophy affirms our commitment to championing the power of education to connect Africa for good. It is integrated into the support for our students.

Ehizua Hub Advisory Board Chairman Dr Obiageli Ezekwesili hailed the partnership as a direct commitment by Sterling Bank and Ehizua Hub to creating access to quality Australian education.

She added: “Students will be enrolled as students of Torrens University Australia and will receive online lectures and support from success coaches at Torrens University Australia and have the opportunity to continue their studies on one of the campuses of the University of Torrens in Australia.

“Students, parents or third parties can apply for an annual loan of up to N5 million for tuition fees, subject to Sterling Bank lending criteria. To find out more, visit here.

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