Q: Are There any collateral requirements? A: Collateral requirements are removed, but a guarantor may very well be essential. ten% from the applicant’s wage shall be deducted at source by any employer to the repayment in the loan. And If they're self-used, they'll remit 10% of their full monthly income https://africred.org/Malta-Student-Visa-for-Nigerians-Application-Guide