UNIOSUN Launches Loan Scheme For Alumni

Osun State University is calling for applications from business-oriented alumni of the institution who have bankable proposals to apply for a loan of Two Hundred Thousand Naira (N200,000.00), only, with a one per cent interest rate and a moratorium period of one year with flexible repayment plans of monthly, quarterly, bi-annually and annually for a maximum of two years after moratorium period. 

However, the applicants of the loan, who must be alumni of the institution, are required to submit their First Degree Certificate as collateral, they are also required to provide two guarantors who must not be below Grade/Level 5 in Public/Civil Service.

In a release posted on the university’s website and signed by the Registrar, Gafar Shittu, the application form can be downloaded online on the website or obtained from the Advancement Office of the University at the main campus in Osogbo. 

The release further noted that completed forms and bankable proposals should be submitted to the Advancement Office not later than four weeks after the advertisement, after which selection process would be done by a panel to be put up by the University.