JUST IN: NAGRAT reduces Interest Rate on Loans to 12%

8th September 2020

TheNational Association of Graduate Teachers (NAGRAT) has reduced its interest rates on Fund loans from 14% to 12% effective Septem 7,2020.

The Union in a statement issued by its P[resident, Angel Agbe Carbonu on September 4, 2020.

Applying for Loans Online

Association has resorted to an online application for loans by its members.

The benefit to the member

No Loan Application Form
No Loan Advance form
No Authority Note Form
You can apply for a loan at anytime
You can apply for a loan at anywhere
You can monitor your application online
The Loan will be paid directly to your salary bank account
No more incurring transportation cost to secure application form and picking of cheques from the regions.
Probability of rejections of loan is very low if the loan information provided is accurate

10. Faster delivery services

The benefit to the Regional /Zonal Office

How to apply online

Go to www.nagratfund.com
Update your records if you have not done that already. Your guarantor must also update their records online
Then click on “Apply for Loan” on the dashboard
Provide your mandate number, your affordability, amount requested and duration of loan.
The system will automatically check whether you qualify for the loan. You can only continue if you qualify
Provide the staff ID and verification code sent to your guarantor.
Then click submit (that is all)

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