BANK PHB Plc is offering loans to Nigerians who wish to take advantage of the education and career development opportunities available in the United Kingdom.
The loan facility which is tagged the “Bank PHB UK Education loan” is aimed at encouraging eligible Nigerians to study in the UK universities through the provision of education finance facility. 
The loan facility is a partnership product between Bank PHB and the British Council office in Nigeria, and is available for undergraduate and postgraduate studies in universities recognized by the British Council.
The facility is available to parents and guardians who wish to give their children or wards quality education in UK higher institutions, students who wish to pursue higher education in the UK and working individuals who want to pursue any undergraduate or postgraduate course in any UK university recognized by the British Council.
Parents who wish to assess the loan are required to have regular source of income or acceptable convertible collateral, while a student assessing the loan will be required to have a sponsor with convertible collateral who would assume the responsibilities of the borrower.
To assess the loan, parents or students are required to open a UK Education Account in the bank and build it up to 10 per cent of the school fees as advised by the school in question.
The built up amount, which is treated as refundable security deposit, attracts interest and is domiciled in a non withdrawal UK Education Account, held in the bank till the completion of academic programme.
The UK Education Loan covers 80 per cent of the school fees, accommodation, maintenance and flight tickets.