Q: Are there any collateral requirements? A: Collateral requirements are eradicated, but a guarantor may be essential. 10% from the applicant’s salary shall be deducted at source by any employer with the repayment of your loan. And If they're self-employed, they are going to remit ten% in their whole monthly https://africred.org/Malta-Student-Visa-for-Nigerians-Application-Guide