Fee financing
School fee financing lets a parent spread a term's fees over monthly instalments while the school receives the full amount up front. On Safeticha the parent applies from the fee record, EdPay by Edubanc assesses and funds the loan, and the school's fee record is marked paid when the money arrives.
100%
Of the financed fee paid to the school
1 to 12
Months of tenure, as offered by EdPay
40%
Minimum of a term's fee that can be financed
0
Extra paperwork for the school
Definition
Fee financing is a short-term loan to a parent for the specific purpose of paying school fees. The lender pays the school directly, so the school never carries the credit risk, and the parent repays the lender by direct debit each month.
Safeticha's financing partner is EdPay by Edubanc, a Nigerian education finance provider. The school opts in once, supplies its bank account for disbursements, and shares its fee schedule. Everything else happens between the parent and EdPay inside the Safeticha app.
What you get
01
Enable financing in Settings, add the school's disbursement account and accept the data-sharing consent. Safeticha syncs pupils and fee amounts with EdPay in the background.
02
From a fee with a balance, the parent verifies their BVN, completes their profile, uploads a bank statement for the credit check, chooses a tenure and submits with the required documents.
03
The parent sees the interest, insurance and monthly instalment for the tenure they pick before anything is submitted.
04
EdPay sends an offer. The parent accepts it, or declines with a reason and may receive a revised offer, all inside Safeticha.
05
After acceptance the parent authorises a direct debit mandate with their bank. EdPay then pays the school and Safeticha records the fee as paid.
06
The parent is notified at every step. The school sees financed payments on the fee record like any other payment. Safeticha's own team can act on a parent's behalf if asked.
How it works
On any fee with a balance of at least 40% of the term's fee.
BVN check, profile details and a bank statement upload. EdPay's credit assessment usually completes in under a minute.
Choose a tenure, review the quote, submit. When the offer arrives, accept it in the app.
Set up the direct debit mandate with the bank. EdPay pays the school and the fee shows as paid.
Side by side
| Instalments agreed with the school | Fee financing through EdPay | |
|---|---|---|
| When the school is paid | Over the term, if at all | In full, on disbursement |
| Who carries the risk | The school | The lender |
| Chasing payments | The bursar | EdPay, by direct debit |
| Parent's cost | Usually none, but access is limited | Interest and insurance, shown before applying |
| Record keeping | Notes and promises | A loan record on the fee, every step logged |
Financing is subject to EdPay's credit assessment and approval. Rates and tenures are set by EdPay and shown to the parent before they apply.
Pricing
Safeticha is priced per school, not per module. Payroll, fees, invoicing, receipts, report cards, attendance, CBT exams and safeguarding are all part of the same school plan, which is tiered by pupil count and starts at ₦37,500 a month.
New schools get a 10-day onboarding period and a further 30 days of use before the first charge, so the first bill lands on day 40. Billing is monthly from the school wallet with no lock-in contract.
School plans from
₦37,500 / month
FAQ
EdPay by Edubanc, a Nigerian education finance provider. Safeticha provides the application flow and keeps the school's fee record in step. Safeticha is not the lender.
No. The school receives the financed amount in full. The parent pays EdPay's interest and insurance, which are shown in the quote before applying.
A BVN, a completed profile with gender, NIN, date of birth and address, a recent bank statement for the credit check, and a utility bill and ID card as supporting documents.
Yes, with a reason. EdPay may then send a revised offer, which the parent can accept or decline in the same way.
Repayment is by direct debit mandate. EdPay retries a failed debit and contacts the parent. The school's position does not change because it was paid in full at disbursement.
Keep reading
Enable it in Settings in a few minutes, or ask us to walk you through it.