Student loans play an important role in your credit score. Making payments on time can build good credit while missing payments can hurt it. But how do student loans affect credit scores? Let’s take a closer look at how student loans affect credit scores.
Student Loans
Do Student Loans Affect Credit Scores?
Yeah! Having a student loan will affect your credit score because your credit report includes information about your payment history and quantity of student loans. In as much, as your credit reports typically contain information about your student loan it will definitely affect your credit score either positively or negatively. How?
The following details concerning your student loans will be included in your credit reports, which affect your credit score:
Establishing Credit History
Student loans can help establish a credit history for borrowers who have limited or no credit history. Timely repayment of student loans demonstrates responsible borrowing behavior, which can positively impact credit scores over time.
Payment History
Your payment history is a significant factor in determining your credit score. Making on-time payments on your student loans can have a positive effect on your credit score, while late payments or defaults can harm it.
Credit Utilization
Student loans are considered installment loans, meaning you borrow a fixed amount of money and repay it over time with fixed payments. Unlike revolving credit accounts such as credit cards, installment loans don’t have a credit utilization ratio. However, the balance of your student loans will still be considered when calculating your overall debt load, which can indirectly affect your credit score.
Credit Mix
Having a diverse mix of credit accounts, including both installment loans (like student loans) and revolving credit accounts like credit cards, can positively impact your credit score. Student loans contribute to a healthy credit mix, which can improve your creditworthiness.
Credit Inquiries
When you apply for federal or private student loans, the lender will likely conduct a credit inquiry to assess your creditworthiness. This inquiry can temporarily lower your credit score, but the impact is typically minimal and short-lived.
Multiple inquiries for student loans within a short period are usually treated as a single inquiry to minimize the effect on your credit score.
6 Ways to Prevent Student Loans from Building a Poor Credit Score
Avoiding negative impacts on your credit score due to student loans involves several strategies:
Make Timely Payments:
Ensure you make all your student loan payments on time. Late or missed payments can significantly affect your credit score negatively. Perhaps, consider setting up automatic payments to help you stay on track.
Borrow Responsibly:
Only borrow what you need for your education. Avoid taking out more student loans than necessary to cover tuition, fees, and living expenses. The less you borrow, the lower your monthly payments will be, reducing the risk of financial strain.
Understand Repayment Options:
Familiarize yourself with the various repayment plans available for federal student loans, such as income-driven repayment plans. These plans adjust your monthly payments based on your income, making them more manageable if you experience financial difficulties.
Communicate with Your Lender:
If you’re struggling to make payments, contact your loan servicer immediately to discuss your options. They may be able to offer forbearance, deferment, or alternative repayment plans to help you avoid default and protect your credit score.
Monitor Your Credit Report:
Regularly review your credit report to ensure all information related to your student loans is accurate. Report any errors or discrepancies to the credit bureaus promptly to prevent inaccuracies from negatively impacting your credit score.
Limit Credit Inquiries:
Be cautious when applying for new credit, as multiple credit inquiries can temporarily lower your credit score. Limit unnecessary credit inquiries, especially if you’re already managing student loan debt.
FAQs
How much will a student loan affect my credit score?
Your credit score won’t always be negatively impacted by student loan debt if you make your monthly payments on schedule. However, your credit score may suffer if you are in default, are late on your payments, or if your debt is placed in collections.
Do student loans fall off credit scores?
Although unfavorable details regarding your student loans can vanish from your credit reports after seven years, the loans themselves will stay with you throughout your life unless you settle them.
Why did my student loan drop my credit score?
Probably because you are behind on your payments. Your credit will be more severely affected the longer you are behind on your payments. For example, if you miss 270 days’ worth of payments on your federal student loan, the loan will default. That will have an even greater negative impact on your credit than a 30- or 90-day late payment.
Will my credit score go up when my student loans are forgiven?
Yeah! You won’t notice a significant change in your score as long as your debts were in good standing when they were dismissed and your accounts are being correctly reported to the credit reporting agencies.
Access Bank is a leading financial institution in Nigeria that provides its customers with a wide range of banking services. Like with any other bank, customers may encounter issues or have questions that they need answers to.
To ensure that customers are satisfied and their issues are resolved promptly, Access Bank has a dedicated customer care team that is available 24/7 to attend to customers’ needs. In this guide, I will show you different ways to contact Access Bank customer care for prompt assistance.
About Access Bank
Access Bank is a Nigerian multinational commercial bank that offers financial services to individuals, businesses, and corporate clients in Nigeria and other African countries.
The bank provides various banking products and services such as savings accounts, current accounts, loans, investment services, and electronic banking solutions. Access Bank has a strong presence in Nigeria and has expanded to other African countries such as Ghana, Rwanda, Zambia, and Sierra Leone.
The bank is committed to delivering innovative financial solutions to its customers while also providing excellent customer service.
How to Contact Access Bank Customer Care
You can reach out to Access customer service in several quick and simple ways, some of which are as follows:
Using their Customer Service Phone Number
You can now easily and conveniently contact Access Bank’s customer service representatives from the comfort of your own home. You can accomplish this by giving any of the Access Bank customer service numbers a call.
You can currently call three (3) of these numbers. 07003000000, 01-2802500, and 01-2712005-7 are the numbers. The Access Bank customer care in Lagos will assist you when you call any of these numbers.
You may find it interesting to know that the calls are toll-free, meaning there won’t be any fees associated with placing them. So the next time you have a problem with your Access bank account, just pick up the phone and call any of the numbers listed above. You might have to wait in line, but don’t worry, help will arrive shortly.
There are other methods listed below that you can try if this one isn’t convenient for you.
Using their Social Media Accounts
Many things have gotten easier in the social media era since so many businesses are presently experimenting with this novel idea. In keeping with the current craze, Access Bank maintains accounts across numerous social media networks.
In contrast to other companies, Access Bank is renowned for its prompt response to messages posted on its social media channels. Twitter, Instagram, and Facebook are a few of these platforms.
As a result, you can message any of these platforms when you’re having problems with your account; I promise that you will hear back from them quickly.
They go by @AccessBank on all of the social media sites, including Facebook, Instagram, and Twitter. This service runs around the clock.
Via the Live Chat Feature of Access Bank
You can also get in touch with Access Bank customer service by using their live chat feature. You can have a live chat with a customer support agent on this portal. The actions that need to be taken are:
To accomplish this, go to livechat.accessbankplc.com and log in.
You will be prompted for information after logging in, including your name, phone number (that is, the number linked to your bank account), your electronic mail address, account number.
Subject: the heading or title that best describes the content of the compliance you wish to create.
The code for your security.
You can now proceed and make your compliance after supplying the necessary information, and you will receive assistance quickly.
Simple, huh? Try it out now, or the next time you have a problem that needs to be resolved.
Through Access Bank’s WhatsApp banking service
Additionally, Access Bank offers a WhatsApp service for convenient and quick customer support. 09090901901 is the Access Bank WhatsApp number. This process is incredibly fast and effective.
This method is your best option if your phone supports WhatsApp and you don’t think you need to use any of the other techniques mentioned above. The WhatsApp service is available around the clock.
Go to the nearest Access Bank branch.
It might be time to visit an Access Bank branch office in your area if you have exhausted all other options and the problem persists. When you get to the bank, ask to speak with a customer care representative. Then feel free to voice your grievance.
A letter of compliance can also be sent to the bank. This is in line with the Central Bank of Nigeria’s 2011 regulation, as stated in its circular FPR/DIR/CIR/GEN/01/020.
Your complaint might be handled in a few working days or a few minutes, depending on its specifics. However, Access Bank is required to respond to your complaint in no more than 14 working days.
Additionally, you can go to www.accessbankplc.com to access the Access Bank website. As an alternative, you can email them at contactcenter@accessbankplc.com, which is their official email address.
Frequently Asked Questions
What is Access Bank?
Access Bank is a leading financial institution in Nigeria that provides a wide range of banking services to individuals, businesses, and corporate clients.
How can I contact Access Bank customer care?
You can contact Access Bank customer care through their customer service phone numbers, social media accounts, live chat feature, WhatsApp banking service, or by visiting the nearest Access Bank branch office in your area.
What are the social media accounts for Access Bank?
Access Bank maintains accounts across numerous social media networks, including Twitter, Instagram, and Facebook. They go by @AccessBank on all of these platforms.
What is the live chat feature of Access Bank?
The live chat feature of Access Bank allows you to have a live chat with a customer support agent on their portal. To access this feature, go to livechat.accessbankplc.com and log in with your details.
How long does it take for Access Bank to respond to complaints?
Access Bank is required to respond to complaints in no more than 14 working days. However, it is important to note that depending on the specifics of your complaint, it might be handled in a few working days or a few minutes.
Kuda Bank is a digital bank that provides financial services to its customers through its mobile app. While using the app, you may encounter some issues, and you might need to contact Kuda Bank’s customer care for assistance. In this guide, we will show you how to contact Kuda Bank customer care and get the help you need.
How to Contact Kuda Bank Customer Care
About Kuda Bank
Kuda Bank is a digital bank that offers financial services through its mobile app. It aims to provide a seamless banking experience to its customers by eliminating the need for physical branches, paperwork, and queues. Kuda Bank provides services such as savings and current accounts, loans, bill payments, and transfers. The bank was founded in 2019 by Babs Ogundeyi and Musty Mustapha, and it is headquartered in Lagos, Nigeria. It has a mission to be the go-to bank for every Nigerian, and it is committed to providing its customers with financial freedom and peace of mind.
How to Contact Kuda Bank Customer Care
There are different ways to contact Kuda Bank customer care for assistance. To make sure their clients can get in touch with them quickly and easily, they provide a range of contact options. An extensive synopsis of Kuda Customer Care is given in this article.
Kuda Customer Service Numbers and Email Addresses
Kuda Customer Care can be reached by phone at https://kuda.com/contact/. This line is devoted to answering any questions and concerns from customers, offering their customer service a direct and individualized touch.
Kuda Customer Care offers multiple email addresses, including help@kuda.com, for various queries in addition to phone support. For a more focused response, customers can direct their queries or grievances to the relevant department. Among these departments are:
Standard Client Support.
Legal Questioning.
Privacy Issues.
Commercial Claims Promotions.
Customers can visit kuda.com, the company’s official website, for additional information about Kuda’s offerings. A multitude of details regarding the bank’s policies, services, and other topics are available on the website.
Customers can use their contact page to visit the Kuda Customer Care Help Center in case they have more specific questions or concerns. The Help Center is a comprehensive resource that offers thorough instructions and helps users with common problems.
The physical office addresses of Kuda
Kuda Customer Care is available at its physical locations in Nigeria and the UK. Consumers seeking in-person support can stop by these offices. The addresses are as follows:
Kuda Microfinance Bank Limited is located in Yaba, Lagos, Nigeria at 151 Herbert Macaulay Way.
United Kingdom: London, England’s 5 New Street Square EC4A 3TW
Kuda on Social Medias
Additionally, Kuda Customer Care is active on some social media platforms, giving clients an additional way to connect and stay informed about the most recent developments and news from the bank.
Frequently Asked Questions
What is Kuda Bank?
Kuda Bank is a digital bank that offers financial services through its mobile app.
Why do I need to contact Kuda Bank’s customer care?
You may need to contact Kuda Bank’s customer care if you encounter any issues while using the app or if you have any questions about their services.
How can I contact Kuda Bank customer care?
You can contact Kuda Bank customer care through phone, email, their website, physical office locations, and social media platforms.
What are Kuda Bank’s customer care email addresses?
Kuda Bank’s customer care email addresses include help@kuda.com for various queries.
Where are Kuda Bank’s physical office locations?
Kuda Bank’s physical office locations are in Yaba, Lagos, Nigeria at 151 Herbert Macaulay Way, and in London, England at 5 New Street Square EC4A 3TW.
Is Kuda Bank customer care available on social media?
Yes, Kuda Bank’s customer care is active on some social media platforms.
TWAS-Abdool Karim Award in Biological Sciences 2024 (up to $5,000)
Applications for the TWAS-Abdool Karim Award in Biological Sciences 2024 are open now.
This prize, which bears the name of TWAS President Professor Quarraisha Abdool Karim, is intended to recognize the accomplishments of female scientists in Least Developed African nations in the field of Biological Sciences.
It comes with a USD 5,000 cash prize, kindly given by Professor Abdool Karim.
TWAS-Abdool Karim Award in Biological Sciences 2024 (up to $5,000)
All of TWAS’s members, as well as universities, scientific institutes in both developed and developing nations, national research councils, and science academies, are encouraged to submit suggestions for the 2024 Award.
Award for TWAS-Abdool Karim Award in Biological Sciences 2024
Professor Abdool Karim has graciously offered a $5,000 USD cash award.
Eligibility Criteria for TWAS-Abdool Karim Award in Biological Sciences 2024
The prize honors female scientists for their contributions to the biological sciences.
Female scientists who are citizens of a Least Developed African nation and have lived and worked there for at least two years previous to their nomination are eligible to be nominated for the 2024 prize. (that is, starting on January 02, 2022).
TWAS fellows are not qualified.
Nominations from the jury members or from themselves will not be taken into consideration.
In a given year, a nominee is not permitted to submit more than one “Fellows of TWAS Awards” nomination.
The nominators themselves will ultimately decide whether or not to move the nomination.
However, the secretariat reserves the right to alert the pertinent nominators to the possibility that the nomination may be better suited for another prize.
Nomination for TWAS-Abdool Karim Award in Biological Sciences 2024
After the candidates have undergone a pre-screening process at TWAS, the jury members will review the nomination dossiers of the eligible candidates. Based on this evaluation Prof. Quarraisha Abdool Karim will decide the winner.
How to Nominate A Scientist for TWAS-Abdool Karim Award in Biological Sciences 2024
The “NEW NOMINATION” button at the bottom of this page is the sole way to electronically submit a nomination for 2024 through the online platform. The “RESUME” button at the bottom of this page can be clicked to continue working on saved nominations.
The extended deadline for nominations is May 10, 2024; nevertheless, in order to allow us to process your nomination as soon as possible, we strongly advise you to submit it earlier rather than waiting until the deadline.
Before beginning the nomination compilation process, PLEASE PAY SPECIAL ATTENTION TO THE MAXIMUM CHARACTERS ALLOWED.
Only when a nomination contains all of the following data or supporting materials is it deemed complete:
Contact information for the nominator; Nominee contact information (self-nominations and jury member nominations are not allowed)
General information about the nominee, including her country of employment and residence during the previous two years.
Permission from the nominee, or candidate, to use her personal information for the nomination procedure by Article 13 of Italian Legislative Decree 196/2003. Only the online platform may be used to submit this authorization.
You can download the privacy authorization form under the “nominee’s personal data” section. The candidate must complete and sign the form before uploading it to the online platform.
Recommended Citation: A 15–20 word summary of the nominee’s accomplishments in the biological sciences.
Declaration in support of the nominee’s achievements in the biological sciences. The candidate’s work should be thoroughly explained in the supporting statements, along with its importance within the pertinent scientific framework.
The nominee’s work’s scientific impact should be mentioned explicitly. Insufficient justifications will not be taken into account and will have a detrimental impact on the assessment.
Thorough report of any time the nominee has spent overseas during the last two years.
PhD: details on the field, year, and university that awards the degree.
A succinct description of academy and society membership.
A synopsis of the honors and awards obtained.
10 most important articles enumerated in a format that is widely accepted.
The online platform requires the nominee to provide her full list of publications as well as a brief curriculum vitae separately.
The nominee’s Google Scholar h-index and the corresponding amounts of citations.
NOTE: Please check if the date you entered are valid. Listed below are the data you should look out for:
Keep in mind the specifications for each field when you fill out the form (e.g. maximum amounts of characters, file type, date format, etc.).
Use the form menu button to run a check to make sure all required fields have been filled in and the data you submitted are valid.
Your form is saved as well. You are directed to the “Submit” area of the form, which is the final section, each time you run a check. further more, to access the earlier sections, use the form’s menu.
Fields that contain NOT ACCEPTED or MISSING DATA will be shown in red once you conduct a check. Please be aware that the red highlight will remain in place until you do another check after you have appropriately changed the content of one or more fields.
CGIAR/WFP Stability-and-Peace Accelerator Program 2024 ($30,000 equity-free grant)
In fragile and conflict-affected areas (FCAs), where over 1.5 billion people face unprecedented challenges to their food security and livelihoods, the global crisis of hunger and malnutrition is felt most keenly.
The “Stability-and-Peace Accelerator Programme” is being launched by the CGIAR in collaboration with the World Food Programme (WFP) Innovation Accelerator. Its goal is to identify and expand high-impact innovations that support food, land, and water systems (FLWS) in these vulnerable areas.
We are putting out a call to innovators, entrepreneurs, and change agents to propose ground-breaking solutions that help strengthen communities weakened by violence and fragility, guarantee food and nutrition security, improve climate adaption, and foster social cohesion and sustainability.
CGIAR/WFP Stability-and-Peace Accelerator Program 2024 ($30,000 equity-free grant)
Selected teams will get support from the WFP Innovation Accelerator and CGIAR through an extensive program meant to quicken the development of potential solutions and get them ready for scalability. This comprises scientific advice in addition to financial, technical, and business support, to enhance the innovator’s capacity to have a sustainable effect that changes people’s lives. Our goal is to identify and support creative solutions that can bring about long-lasting improvement in some of the most difficult settings on the planet. These solutions must also be sustainable, scalable, and inventive.
We invite organizations to submit their creative ideas to end hunger, protect communities from unforeseen shocks, guarantee reliable access to wholesome food, promote inclusive economic opportunities, involve young people, and strengthen food systems’ resilience in the face of climate change.
What does this Scholarship Offer
A noteworthy convergence of activities has occurred with this partnership between the CGIAR and the WFP Innovation Accelerator, particularly through the CGIAR Initiative on Fragility, Conflict, and Migration. With its proven track record of running 55 innovation boot camps, assisting 487 teams, and field testing over 100 solutions, the WFP Innovation Accelerator has already had a significant impact on 37 million people in 2022 alone. By combining this with the CGIAR’s focused research agenda, we will improve social inclusion, gender equity, and climate resilience by delivering knowledge and innovation that advances the transformation of food, land, and water systems in a climate crisis. By working together, we hope to solve the many issues related to the climate catastrophe and offer long-term solutions to the most vulnerable groups of people.
What we provide to encourage innovation:
A six-month sprint acceleration program that combines science-based technical support from the WFP Innovation Accelerator with business-focused training and mentorship.
Access to the CGIAR research network, the most publicly supported R&D organization in the world.
Workshop on national strategy to begin implementation.
Each of the winning inventions with a validated sustainable business model and growth strategy will receive a US$30,000 equity-free prize.
Exposure to funders both domestically and internationally.
After-acceleration assistance.
Eligibility Criteria for CGIAR/WFP Stability-and-Peace Accelerator Program 2024
Your organization (for-profit, not-for-profit, social enterprise, NGO, INGO) needs to be a recognized legal entity.
Jordan, Kenya, Nigeria, or Yemen are the four nations of implementation where your organization should be present or willing to have a presence. This could be in the form of partnerships, long-term operations, subsidiaries, national offices, or other permanent presence.
Your invention tackles one or more of the top innovative areas associated with urgent problems encountered in the humanitarian sector in the nation where it is implemented.
Your idea ought to be ready for mass production at this point, having achieved the minimal viable product stage.
Your idea should have a feasible implementation strategy that can be carried out during the six-month Sprint using the available funds, as well as a clear route to scale.
It is anticipated applicants that will make a concerted effort to establish connections with CGIAR country offices, work with pertinent humanitarian players, and engage with innovation ecosystems.
Evaluation Standards for CGIAR/WFP Stability-and-Peace Accelerator Program 2024
The following criteria will be used to evaluate your application:
Level of innovation/innovativeness: The solution is new, inventive, and significantly impacts society about the subjects indicated.
Relevance to the context: The solution gives end users/target beneficiaries tangible solutions while addressing at least one of the priority areas and fitting into at least one of the four national contexts.
Scalability and sustainability of the solution: The solution offers a sustainable revenue stream as well as a defined business plan.
The team’s qualities include demonstrated skill, technical coherence, dedication, drive, an entrepreneurial mentality, and a varied and inclusive membership.
Clearly stated needs: The solution has room for enhancement or expansion, which can be fully realized through R&D, venture capital, and capacity building.
Requirements
CGIAR and the WFP Innovation Accelerator are searching for low-tech and high-tech solutions that are expressly designed to address the unique difficulties found in FCAs (fragile and conflict-affected settings), particularly in Yemen, Kenya, Jordan, and Nigeria.
WFP also promotes “wildcard” entries that are strong. Our goal is to find and fund outstanding global inventions that have the potential to significantly solve these issues.
Application: The application deadline is 16 February 2024. 11: 59 pm (CET).
Z Zurich Foundation Scholarship to Attend the One Young World Summit 2024 (Fully-funded to Montreal, Canada)
Application Deadline: March 20, 2024
Z Zurich Foundation Scholarship to Attend the One Young World Summit 2024 (Fully-funded to Montreal, Canada)
Applications for the Z Zurich Foundation Scholarship to Attend the One Young World Summit 2024 are open now. 30 young leaders working on projects promoting social equity through education, employability, or entrepreneurship solutions, or projects focusing on adaptation to climate change or mental health prevention, will be able to attend the One Young World Summit 2024 in Montréal, Canada, from September 18–21, thanks to the Z Zurich Foundation Scholarship 2024.
This scholarship might be for you if you’re a young leader promoting any of these causes.
Z Zurich Foundation Scholarship to Attend the One Young World Summit 2024 (Fully-funded to Montreal, Canada)
The Z Zurich Foundation works together to provide a better future for people who require assistance. Our focus is centered on prevention.
Our three pillars—enabling social fairness, enhancing mental wellness, and adapting to climate change—are pressing, multifaceted problems with broad ramifications for people on an individual, community, and societal level.
Our main goal is to assist underprivileged populations in adjusting to the changing climate. We are creating a global community devoted to enhancing kid mental health and giving them the tools, resources, and information they require to realize their full potential. We think that building connections between those in the know and those who are most in need is essential to building a better future. We also think that addressing society’s problems from the ground up is essential. For this reason, we are dedicated to helping influential leaders attend the yearly One Young World Summit, which is the largest international gathering of young leaders worldwide.
Objective for Z Zurich Foundation Scholarship to Attend the One Young World Summit 2024
Helping impoverished people adapt to the changing environment is their primary objective.
They are building a global community that is committed to improving the mental health of young people and providing them with the knowledge, skills, and resources they need to reach their full potential.
They believe that creating links between the privileged and the underprivileged is crucial to creating a better future.
They also believe that it is critical to start at the bottom when solving society’s issues. Because of this, they are committed to assisting powerful leaders in attending the One Young World Summit, the world’s largest annual assembly of young leaders.
Access to One Young World Indigenous Day
Before the main Summit dates, on Tuesday, September 17, in Montréal (Tiohtiá:ke), there will be the One Young World Indigenous Day. Young Indigenous and First Nations leaders from all around the world will come together for this event to exchange experiences, pick up tips from one another, and interact with other One Young World Delegates.
Indigenous and First Nations kids will have a platform to exhibit their cultures and traditions on Indigenous Day, which will represent the cultural diversity and customs of the host country.
Indigenous Day of One Young World will be accessible to academics, representatives, and ambassadors from indigenous communities worldwide.
Scholarship Benefits of Z Zurich Foundation Scholarship to Attend the One Young World Summit 2024
Listed below are the benefits of participating in this scholarship:
Entry to Montréal’s One Young World Summit in 2024.
Access to extra scholarship programs that the Z Zurich Foundation hosts. Pre- and post-One Young World Summit sessions, as well as chances to network and gain knowledge from the larger Z Zurich Foundation group, are probably in the cards for this programming. During conference week, there will also be an impact-focused development day on Sunday, September 22.
Hotels in Montréal from September 17 to September 23 (included).
Return flight.
There is breakfast, lunch, and supper catering available.
Ground transportation in Montréal between Summit locations.
Eligibility Criteria for Z Zurich Foundation Scholarship to Attend the One Young World Summit 2024
Between the ages of 18 and 30 in 2024, when the One Young World Summit is held.
Zeal for national and international concerns.
Demonstrated a commitment to bringing about positive change.
A willingness to communicate as well as collaborate with other scholarship recipients and Zurich staff members at the Summit.
Evidence of influence in an area related to the Z Zurich Foundation’s activity, specifically to Enhance Emotional Health, Facilitating Fairness in Society, and Getting Used to the Change in Climate.
Application for Z Zurich Foundation Scholarship to Attend the One Young World Summit 2024
The application deadline is March 20, 2024. please take note that late applications will not be considered.
Applications are invited for the West African Research Association (WARA) Residency Fellowship 2024. Are you interested in pursuing research in West Africa? The West African Research Association (WARA) is offering Residency Fellowships for the year 2024, with a stipend available.
The goal of the fellowship is to foster transatlantic exchange and collaboration between scholars in West Africa and the United States. During the 4-8 weeks residency, visiting scholars will have the opportunity to do library research, give guest lectures, and/or collaborate with American colleagues. Please note that residencies are intended only as temporary exchanges and are not intended to replace faculty positions. Applications are due by March 3, 2024.
West African Research Association (WARA) Residency Fellowship 2024 (Stipend available)
With financing from the US State Department’s Bureau of Educational and Cultural Affairs, the West African Research Association offers Residencies to its member institutions, allowing them to host a West African Scholar on campus to foster transatlantic exchange and collaboration.
The visiting scholar will have the opportunity to do library research, give guest lectures, and/or collaborate with American colleagues during each 4-8 weeks residency. Note that residencies are intended only as temporary exchanges and are not intended to replace faculty positions.
Cost for West African Research Association (WARA) Residency Fellowship 2024
The chosen scholar will get reimbursement from WARA for their round-trip airfare as well as a $3,500 stipend to assist with local transportation and feeding expenses.
For the duration of the residence, host universities are urged to offer extra assistance in the form of lodging, office space, library privileges, laboratory facilities, or other resources.
Requirements for West African Research Association (WARA) Residency Fellowship 2024
The name and contact details of the WARA host institution representative.
A 50–80words summary of the suggested residence that explains its goal in detail and includes the host institution’s contact information.
A proposal that is no longer than six (6) double-spaced pages that includes a profile of the visiting scholar, the activities that are planned for the residency, how the residency will advance WARA’s objectives, the anticipated impact or result of the residency, and any support that the host institution is willing to provide.
A list of the visiting scholar’s qualifications.
The scholar’s letter of interest.
A letter of recommendation from an appropriate host institution administrator, such as the department head or dean.
A copy of the scholar’s passport serving as proof of citizenship (note: only academics who qualify for U.S. non-immigrant visas will be taken into consideration).
USSD codes are a convenient way to access various banking services right from your mobile phone. UBA Bank, also known as United Bank for Africa, offers a range of USSD codes to make banking easier and more accessible for its customers. Using UBA Bank USSD codes is a secure and efficient way to perform banking transactions on the go in 2024. It eliminates the need for internet access and can be done from any mobile phone.
UBA Bank USSD Code 2024
List of UBA Bank USSD Codes and their Functions
Here are some of the key USSD codes and their functionalities:
General USSD Code
*919# – This is the main USSD code for UBA Bank. It provides you with a menu of options to choose from, including balance inquiry, airtime top-up, fund transfers, bill payments, and more.
Check Balance
*919*1# – Use this code to check your UBA Bank account balance. It’s a quick and convenient way to stay updated on your account balance.
Airtime Purchase
*919*2*amount# – Need to recharge your phone? This code allows you to top up your mobile airtime directly from your UBA Bank account. Just replace “amount” with the desired recharge amount.
Transfer Money
*919*3*account number*amount# – To send money to another UBA Bank account or any other bank account in Nigeria, use this code. Replace “account number” with the recipient’s account number and “amount” with the desired transfer amount.
Bill Payment
*919*32# – This code enables you to pay your bills conveniently. You can pay for utilities like electricity, water, and cable TV subscriptions using this USSD code.
How To Create UBA Bank Transfer PIN
Dial *919# from your registered mobile number with UBA Bank.
Select the option for “Transfer PIN” from the menu.
Enter your UBA Bank account number.
Follow the prompts to verify your account details.
Set a 4-digit transfer PIN of your choice.
Confirm the PIN by entering it again when prompted.
Once confirmed, your UBA Bank transfer PIN will be successfully created.
Changing UBA Bank Transfer Code
Dial *919# from your registered mobile number with UBA Bank.
Select the option for “Transfer PIN” from the menu.
Enter your current transfer PIN.
Choose the option to “Change PIN” or “Reset PIN.”
Enter your new 4-digit transfer PIN.
Confirm the new PIN by entering it again when prompted.
Once confirmed, your UBA Bank transfer PIN will be successfully changed.
How to Block UBA Bank Card using USSD Code
Dial *919# from your registered mobile number with UBA Bank.
Select the option for “Card Services” from the menu.
Choose the option for “Block Card” or “Lost/Stolen Card.”
Select the account linked to the card you want to block.
Confirm the block request by following the prompts.
Once confirmed, your UBA Bank card will be blocked for security reasons.
FAQs
What is The UBA Bank USSD Code?
The UBA Bank USSD code is *919#. It allows you to access various banking services using your mobile phone.
What Services Can I Access with The UBA Bank USSD Code?
With the USSD code, you can perform services like checking your account balance, transferring funds, buying airtime, paying bills, and more.
Is There a Fee for Using the UBA Bank USSD Code?
Yes, there may be charges for using certain services through the USSD code. It’s best to check with UBA Bank for the specific charges.
Can I Use the UBA Bank USSD Code on Any Mobile Phone?
Yes, you can use the USSD code on any mobile phone, as long as it is registered with UBA Bank and has network coverage.
The Central Bank of Nigeria (CBN) is Nigeria’s national banking authority. Currently, CBN’s responsibilities have expanded over time to include fostering the development of an efficient payment system, serving as the lender of last resort to banks, and promoting sustainable economic development. Well, focusing on loan apps in Nigeria approved by CBN, this post offers a list of some of the loan apps approved by CBN in Nigeria.
List of Loan Apps Approved By CBN
List of Loan Apps Approved By CBN
Established by the CBN Act of 1958, CBN began its operations on July 1, 1959. The CBN plays a pivotal role in overseeing the country’s financial stability and monetary policy.
The Central Bank of Nigeria has implemented regulations to protect borrowers, requiring loan apps to register with the CBN, disclose all fees upfront, conduct credit checks, and submit lending activity to credit bureaus. This ensures that loan apps operate within a framework that protects consumers.
Top 20 Loan Apps in Nigeria Approved By CBN
Below are some of the loan apps approved by the Central Bank of Nigeria (CBN):
FairMoney Microfinance Bank
Branch
Renmoney
Palmcredit
Kuda
Okash
Umba
Keenest Tech Service Limited
MenaCred Company Limited
One Payout Limited
CreditWave Finance Limited
P2Vest Technology Limited
Altracred Finance Investment Limited
Grolatech Credit Limited
Lendvisery Services Limited
QuickCheck
Afrofirst Mobile and Technology Company Limited
AJAX LENDING Limited
IBS GOLDEN INVESTMENT COMPANY LIMITED
Red PLANET NIGERIA LIMITED
FairMoney Microfinance Bank
FairMoney Microfinance Bank is an online lender that offers personal loans and bill payments. It’s known for its quick application process and instant loan disbursement. FairMoney offers loans ranging from N1,500 to N3,000,000 without requiring collateral. The application is fully digital, with a quick disbursement process.
Loan terms range is typically from 61 days to 18 months, with APRs between 2% to 36% depending on eligibility. Early repayment can lead to discounts of up to 90%, and there are no hidden fees.
Branch
Branch is a global personal finance app offering loans, investment products, and other financial services. In Nigeria, it provides quick, unsecured loans through a simple mobile app process. The branch offers loans in Nigeria with amounts ranging from ₦2,000 to ₦500,000. The interest rates vary from 1.5% to 15% monthly, translating to an APR range of 18% to 260%.
Loan terms can extend from 1 to 12 months. They use smartphone data to determine loan eligibility and provide financial products accessible anywhere, emphasizing privacy and security for customer data.
Renmoney
Renmoney is a fintech lending company licensed by the Central Bank offering personal loans, savings, and fixed deposit investment options. It is recognized for its straightforward application process and competitive interest rates. They provide convenient loan options with NDIC-insured savings and deposits.
For specific loan amounts, interest rates, eligibility criteria, and repayment terms, please visit their official website.
Palmcredit
Palmcredit, operated by Newedge Finance Limited, is a CBN-approved loan app in Nigeria, offering collateral-free personal loans. It provides loans ranging from ₦2,500 to ₦300,000 with terms of 3/6/9/12 months and interest rates from 5% to 28% monthly. The app requires your BVN, full name, phone number, bank account details, and other personal information for KYC.
It offers a credit card that makes it easy for people to access loans anytime and anywhere. Palmcredit offers fast, reliable, and round-the-clock services to its customers.
Kuda
Kuda is a full-service digital microfinance bank that offers free banking services and profit-earning savings accounts, along with personal loans to its customers. Kuda offers loans up to ₦150,000 through its app, with repayment in up to three months. The application process is straightforward, requiring no collateral. Interest rates vary but are detailed in the loan offer letter.
Okash
Operated by OPay and managed by Blue Ridge Microfinance Bank Limited, OKash offers fast and convenient loans through a mobile app, targeting individuals needing short-term financing. It also offers collateral-free loans in Nigeria for users meeting certain criteria. Loan amounts range from NGN 3,000 to NGN 500,000, with the entire process online.
Requirements include a valid mobile number, National ID (NIN), Bank Verification Number (BVN), a Nigerian bank account, being aged 20 to 55, and having a reliable source of monthly income. The application is straightforward via the OKash app, available on Android.
Umba
Umba is a digital bank and loan platform operating in Nigeria, offering a range of financial services through its mobile app. Umba provides personal loans ranging from ₦2,000 to ₦30,000. Requirements for a loan include a valid mobile number, National ID (NIN), and Bank Verification Number (BVN). The app facilitates easy loan applications and repayments, with a repayment term of 62 days and an interest rate of 10%.
Apart from loans, customers can pay bills, transfer money, and carry out other financial services through a mobile app, with a focus on user experience and financial inclusion.
Keenest Tech Service Limited
Keenest Tech Service Ltd offers MiniCredit, a loan app for Android users in Nigeria, providing collateral-free loans. This company likely provides financial technology services, including lending solutions, though specific details about its loan offerings are less widely known.
The app allows for loan repayments between 91 to 365 days with interest rates from 12% to 24%. The process includes downloading the app, selecting a loan product, and submitting personal and banking information.
MenaCred Company Limited
Specializes in digital lending and financial services aimed at providing quick and easy access to credit for individuals and businesses. MenaCred offers digital lending services in Nigeria, aiming to provide easy access to finance without a credit history, paperwork, or a guarantor.
They offer loans for various needs with interest rates as low as 5% and repayment terms ranging from 30 to 180 days. Loans range from small amounts to up to 1 million, depending on the product chosen.
One Payout Limited
One Payout offers financial services in Nigeria, focusing on instant loans, foreign currency brokerage, flexible insurance, and mobile money solutions. They cater to a wide range of financial needs for both individuals and businesses, including those without access to traditional banking.
It offers financial services, potentially including loans and payment solutions, tailored to meet the needs of its users for quick and easy financial transactions.
CreditWave Finance Limited
CreditWave Finance Limited is approved by the Central Bank of Nigeria (CBN) to operate as a loan app in Nigeria. This approval is part of a broader effort by the CBN and the Federal Government to regulate digital lending and ensure consumer protection. As a loan app, CreditWave offers digital lending solutions aimed at providing fast and convenient access to credit for individuals and small businesses.
P2Vest Technology Limited
P2Vest Technology Limited operates P2Vest, a peer-to-peer online loan app in Nigeria, designed for both personal and business lending. It connects borrowers with lenders, offering a platform for users to access loans without the traditional banking process and high interest rates typical of some online loan services. The platform allows for a wide range of loan amounts, starting from as low as N5,000 up to N100,000 for borrowers.
The app operates with dynamic interest rates for loans, which can range from 2% to 20% per month, depending on the borrower’s credit rating. This rate is tailored to ensure competitiveness and affordability for borrowers while providing attractive returns for lenders. Borrowers can choose repayment terms up to 180 days, allowing for tailored repayment plans that suit individual financial situations.
Altracred Finance Investment Limited:
Altracred Finance Investment Limited is a company based in Lagos, Nigeria. It was incorporated on February 14, 2021, with the registration number RC-1757713. The company is described as a digital finance entity that offers fully digitalized personal loan services. It aims to provide low-interest personal loans that are disbursed instantly into the borrower’s bank account, facilitating quick and easy access to funds for personal finance needs.
This app provides financial services, including investment opportunities and lending solutions, to help individuals and businesses achieve their financial goals.
Grolatech Credit Limited:
Grolatech Credit Limited is a financial institution in Nigeria offering various loan products designed for both individuals and businesses. Their process for obtaining a loan includes researching loan products and eligibility, gathering required documentation, and applying either online or in person. The specific eligibility requirements, loan amounts, interest rates, and repayment periods vary depending on the product and applicant’s details.
Specializes in providing tech-driven financial solutions, potentially including loans and credit facilities, to support personal and business development.
Lendvisery Services Limited:
Lendvisery Services Limited offers a loan app in Nigeria with an interest rate of 15% for 14 days. The company emphasizes transparency and fairness, ensuring loan terms are communicated. They provide instant loans with a focus on customer satisfaction. However, user reviews indicate issues with the loan application process, including charges without loan approval and difficulties in completing loan applications.
Offers financial consulting and services, which may include lending solutions aimed at helping clients manage their financial needs more effectively.
QuickCheck:
QuickCheck is a mobile app that uses data science to grant instant loans to users. It offers a fast, secure, and convenient way to access credit without collateral. QuickCheck offers business loans with instant disbursals in less than 5 minutes, flexible loan durations with repayment up to 12 months, easy repayment through multiple channels, and prioritizes privacy and security. The app is praised for its user-friendly interface, low-interest rates, and considerate repayment tenure.
Afrofirst Mobile and Technology Company Limited:
Afrofirst Mobile and Technology Company Limited focuses on providing digital financial services to meet personal and business goals in Nigeria. Likely involved in providing technology-driven financial services, including mobile and digital solutions for accessing loans and managing finances.
They utilize machine learning to predict borrower behavior and instantly evaluate loan applications. Their platforms are designed to be easy to use, seamless to navigate, and fully secured, ensuring the optimum security of user data electronically.
AJAX LENDING Limited:
The Ajax Loan App in Nigeria offers instant loans without collateral or paperwork, directly through your smartphone. You can obtain up to NGN 100,000 with the app, and the process is quick, with loan disbursement within an hour of application submission. The app requires a BVN, bank account, good credit score, source of income, and that you are above 18 years old. Interest rates range from 5% to 25%, with repayment periods between 7 to 180 days. For first-time users, the interest rate might be higher and the repayment period shorter.
Provides digital lending services, focusing on delivering quick and easy access to loans for individuals and small businesses.
IBS GOLDEN INVESTMENT COMPANY LIMITED:
IBS Golden Investment Company Limited offers a range of financial solutions including easy loans without stiff collateral requirements, foreign exchange services, and investments and brokerage. They aim to provide seamless, effective, and stress-free financial solutions, emphasizing transparency, customer satisfaction, and time-saving processes for their clients.
Engages in investment and financial services, possibly including lending, aimed at offering profitable opportunities to its clients.
Red PLANET NIGERIA LIMITED:
Red Planet Nigeria Limited is recognized by the Federal Capital Territory Holden in Abuja and provides digital financial services through a user-friendly platform. They offer quick, hassle-free loans with flexible options and dedicated customer support, all accessible via a 100% online process on mobile without the need for collateral.
This company might focus on providing a range of financial services, potentially including lending solutions, designed to meet the diverse needs of its customers.
The Importance of using Loan Apps Approved By CBN
Using loan apps approved by the Central Bank of Nigeria (CBN) offers several advantages, particularly in ensuring the security and reliability of the lending service. Here are some reasons why individuals and businesses might opt for these apps:
Regulatory Compliance
Loan apps approved by the CBN comply with the regulatory framework and guidelines set by the central bank. This compliance means that these apps adhere to the laws and regulations governing financial services in Nigeria, providing users with a layer of security and trust.
Consumer Protection
The CBN sets strict guidelines for financial institutions, including digital lenders, to protect consumers. By choosing CBN-approved loan apps, customers are more likely to be shielded from predatory lending practices, such as exorbitant interest rates and hidden fees.
Transparency
Approved apps are typically more transparent about their loan terms, interest rates, repayment schedules, and any additional fees. This transparency allows borrowers to make informed decisions without worrying about unexpected charges.
Data Security
CBN-approved lenders must adhere to stringent data protection regulations to safeguard borrowers’ personal and financial information. This commitment to data security helps protect against identity theft and fraud.
Reputation and Reliability
Apps that have received CBN’s approval are generally considered more reliable and reputable. They have passed through a vetting process that evaluates their financial stability, lending practices, and the quality of their services.
Access to Redress Mechanisms
In case of disputes or grievances, customers using CBN-approved loan apps can access formal redress mechanisms. The CBN provides channels through which consumers can lodge complaints against financial service providers, ensuring that they have recourse if treated unfairly.
Financial Inclusion
The CBN encourages initiatives that promote financial inclusion. Approved loan apps often offer services designed to reach underserved or unbanked populations, providing them with access to financial services that might otherwise be unavailable.
Innovation and Competition
The CBN’s approval process encourages innovation within the financial sector. Approved apps often incorporate new technologies and innovative lending models to serve their customers better, while also fostering healthy competition among lenders.
Conclusion
Approved loan apps are more likely to provide a safer borrowing environment, protect consumers’ personal and financial information, and offer reasonable loan terms and interest rates. Moreover, while approved loan apps offer a layer of security and reliability, users should still assess their financial situation.
Central Bank of Nigeria (CBN) has approved Each of these loan apps listed above.
In the evolving landscape of digital banking in 2024, Unity Bank continues to stand out for its commitment to providing secure, fast, and accessible banking services. With the increasing reliance on mobile banking, Unity Bank’s USSD codes have become a cornerstone for customers looking to perform a wide range of banking transactions without the need for Internet access.
Unity Bank Transfer Code
From transferring funds to paying bills and more, these codes offer the convenience and efficiency that modern banking customers demand. This article aims to simplify the process of utilizing Unity Bank’s USSD codes, offering a comprehensive guide for creating transfer PINs, changing transfer codes, blocking bank cards, and more, ensuring that your banking experience is as seamless as possible.
List of Unity Bank USSD Codes
Unity Bank offers a variety of USSD codes designed to cater to your banking needs with ease and security. Below is a list of essential USSD codes that you can use:
Unity Bank General USSD Code
*7799# – This is the general USSD code for Unity Bank. It allows customers to access a range of banking services, including checking account balances, transferring funds, and purchasing airtime.
Check Account Balance
*7799*1# – This USSD code is used to check your account balance. Simply dial the code and follow the prompts to get your account balance instantly.
Unity Bank Transfer USSD Code
*7799*2*Account Number*Amount# – This USSD code is used for fund transfers within Unity Bank. Dial the code, enter the recipient’s account number, followed by the amount you want to transfer and confirm the transaction.
*7799*3*Phone Number*Amount# – This USSD code is used for fund transfers to other banks. Dial the code, enter the recipient’s phone number linked to their bank account, followed by the amount you want to transfer and confirm the transaction.
Unity Bank USSD Code for Airtime Purchase
*7799*4*Account Number# – This USSD code is used to recharge your phone or other mobile devices. Dial the code, enter the amount you want to recharge, followed by the recipient’s account number, and confirm the transaction.
USSD Code to Generate One-Time Password (OTP)
*7799*5# – This USSD code is used to generate a one-time password (OTP) for secure transactions. Dial the code, and you will receive an OTP on your registered mobile number to validate your transaction.
Unity Bank USSD Code to Reset PIN
*7799*6*Old PIN*New PIN# – This USSD code is used to change your PIN. Dial the code, enter your old PIN, followed by your desired new PIN, and confirm the change.
How To Create Unity Bank Transfer PIN
Creating a Unity Bank transfer PIN is a critical step in securing your transactions and ensuring that only you can authorize transfers from your account. Here’s how to set up your transfer PIN:
Dial *7799# on your registered mobile number.
Select the option for “PIN Setup” or a similar option.
Enter your Unity Bank account number.
Provide your date of birth (in the format DDMMYYYY) for verification.
Create a 4-digit transfer PIN of your choice.
Confirm your transfer PIN by entering it again.
Once confirmed, your transfer PIN will be successfully set.
Make sure to keep your transfer PIN confidential and do not share it with anyone.
How to Change Unity Bank Transfer Code
Changing your Unity Bank transfer code (or PIN) is straightforward and can be done anytime to enhance the security of your account. Here’s how to change your transfer PIN:
Dial *7799# on your registered mobile number.
Select the option for “PIN Change” or a similar option.
Enter your current transfer PIN for verification.
Enter your new desired transfer PIN (a 4-digit code).
Confirm your new transfer PIN by entering it again.
Once confirmed, your transfer PIN will be successfully changed.
Remember to keep your new transfer PIN confidential and do not share it with anyone.
How to Block Unity Bank Card using USSD Code
If your Unity Bank card is lost, stolen, or you suspect unauthorized use, blocking it immediately is crucial. Here’s how you can block your card using a USSD code:
Dial *7799# on your registered mobile number.
Select the option for “Card Services” or a similar option.
Choose the option for “Block Card” or a similar option.
Enter your Unity Bank account number for verification.
Select the card you want to block from the list provided.
Confirm the block request by following the on-screen instructions.
Once confirmed, your Unity Bank card will be blocked for security purposes.
FAQs
Can I Use Unity Bank USSD Codes from Any Mobile Phone?
Yes, you can use Unity Bank USSD codes from any mobile phone, as long as the number is registered with your bank account.
Are There Charges for Using Unity Bank USSD Services?
Some transactions may incur minimal fees. It’s advisable to check with Unity Bank for the latest fee structure.
How Secure Are Unity Bank USSD Transactions?
Unity Bank employs robust security measures for USSD transactions. However, always keep your PIN confidential and report any suspicious activities to the bank.
