EDUCATION LOAN REQUIREMENTS
Primary & Secondary Education
Maximum Loan Amount: $500,000.00
Repayment Period: 36 Months/3 Years
Equity: 0%
Monthly Payment: $22,100.00
Requirements
- Must have a child account
- Last two months pay slips
- ID
- Job Letter (For first time borrowers)
- School voucher, Invoice for book purchase etc.
- Signed final payment letters (issued by the CU)
Other Conditions
- Maximum of $50,000.00 cash per child to cover miscellaneous expenses (uniform, shoes etc.)
- No debt ratio calculation.
Tertiary Education
| Maximum Loan Amount | $1,200,000.00 |
| Repayment Period | Duration of course |
| Secured | 10% |
| Equity | 0% |
| Monthly Payment | $40,200.00 |
Requirements
- Last two months pay slips
- ID
- Job Letter (For first time borrowers)
- Course acceptance letter or statement from institution outlining balance (stamped and signed)
- Signed final payment letters (issued by the CU)
Other Conditions
- Proceeds from loan can be used to purchase laptops or tablets.
- No debt ratio calculation