Spread your child's fees over 3 to 9 months. The school is paid in full straight away, and you see exactly what you'll repay, down to the last naira, before you accept.
| How long | 3, 6, 9 months — you choose |
| Interest | From 24% to 36% a year, set by your assessment and shown before you accept |
| Processing fee | A one-time 1.5% of the amount you borrow, deducted upfront. We include this in the total you repay before you sign. |
| Paying off early | No penalty — you pay interest only for the months you borrowed |
| Missed payment | A late fee of 2% applied to overdue principal, after a grace period of 5 days |
| How you repay | Automatically from your dedicated bank account on the due date, with an SMS reminder 3 days before |
| What the school gets | The full fee, upfront |
At the representative rate of 48.1% a year, including the one-time 1.5% processing fee of ₦1,500. Your rate is confirmed before you accept.
| Plan | Monthly payment | Processing fee | Total you repay | Cost of the loan |
|---|---|---|---|---|
| 3 months | ₦36,041 | ₦1,500 | ₦109,622 | ₦9,622 |
| 6 months | ₦19,081 | ₦1,500 | ₦115,988 | ₦15,988 |
| 9 months | ₦13,454 | ₦1,500 | ₦122,590 | ₦22,590 |
Shorter plans cost less overall; longer plans mean smaller monthly payments. Choose the plan you can comfortably afford each month.
Check what you can borrow— soft check, no effect on your credit recordIncludes a one-time processing fee of 1.5% (₦2,250). APR including the fee is 53.7%.
Representative rate. Your actual rate, from 24% to 36% a year, is confirmed before you accept.
Check what you can borrow| Pay the full fee now | Nothing from Ascentremit. Paystack adds a small processing charge, shown before you pay (e.g. on a ₦150,000 fee: ₦2,000). |
| Pay from abroad in US dollars | Stripe's charge and any currency conversion, shown before you pay. |
Free to join. Get every fee in full, even when parents pay monthly.
Earn 1.25% of what Ascentremit earns from the schools and families you introduce, every month, for as long as they use us.
Instalment plans are loans, subject to an affordability assessment and approval. Borrow only what you can repay. Processing charges are set by Paystack and Stripe and may change; we always show the current amount before you pay.