Stanbic Bank is running a special promotion to help parents with school fees. If parents use FlexiPay or Stanbic Bank agents to pay school fees for their children, they have a chance to win cash prizes worth Shs100 million. This promotion will last for six weeks and aims to assist parents in sending their kids back to school.
The promotion also offers something extra for parents who receive a salary. They can get advances of up to Shs250 million to help cover their children’s school fees.
To be eligible for cashback prizes of Shs500,000, parents simply need to use agents or FlexiPay to pay school fees. Additionally, school owners can apply for an unsecured school bridge Finance Loan of up to Shs500 million or allow Stanbic to collect 100 percent of the school fees, and they’ll receive free comprehensive insurance cover.
Sam Mwogeza, the Executive Head of Personal and Private Banking at Stanbic Bank Uganda, explained that this campaign is designed to help their personal banking clients who are struggling to find the money to send their children back to school. He said, “We understand that many parents are worried about school fees, especially in these tough economic times. Through this promotion, we are offering parents and guardians the chance to get cash advances of up to Shs250 million to help them during this period.”