Pay school fees monthly.
Know the full cost before you start.
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.
School-fee instalments
| 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, added to your loan and included in the total you repay. The school always receives the full fee. |
| Paying off early | No penalty — you pay interest only for the months you borrowed |
| Missed payment | A late fee of 2% of the missed instalment, after a 5-day grace period. |
| How you repay | Automatically from your linked bank account or card on the due date. We send an SMS reminder 3 days before. |
| What the school gets | The full fee, upfront |
What a ₦100,000 fee costs on each plan
At the representative rate of 30% 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 | ₦35,014 | ₦1,500 | ₦106,542 | ₦6,542 |
| 6 months | ₦18,155 | ₦1,500 | ₦110,430 | ₦10,430 |
| 9 months | ₦12,546 | ₦1,500 | ₦114,414 | ₦14,414 |
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 recordTry your own numbers.
On a ₦150,000 fee over 6 months…
Late fee: 2% of the missed instalment, after a 5-day grace period.
Includes a one-time processing fee of 1.5% (₦2,250), added to your loan. APR including the fee is 35.28%.
Representative rate. Your actual rate, from 24% to 36% a year, is confirmed before you accept.
Check what you can borrowOther ways to pay
| 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. |
For schools
Free to join. Get every fee in full, even when parents pay monthly.
- We charge 1.5% of each fee collected — on a ₦150,000 fee you receive ₦147,750.
- When a parent chooses instalments, you still receive the whole fee upfront; we carry the repayment risk, not you.
- No setup fee, no monthly fee, no contract.
For agents
Earn 1.25% of what Ascentremit earns from the schools and families you introduce, every month.
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.