EDUCATION LOAN

  • Maximum loan amount $500,000.00.
  • Maximum of $50,000.00 of the loan amount can be given to cover miscellaneous educational expenses without a pro-forma invoice.
  • Proof of loan purpose, e.g School Fee Voucher, Pro-forma invoice for books to be purchased, signed and stamped by the company
  • Repayment period maximum 36 months.
  • Interest rate: 11%
  • Last 2 salary slips.
  • Picture identification.
  • Member must open a child/spouse account if educational expenses relates to the child/children/spouse.
  • Job Letter *

*Conditions Apply where necessary

  • Maximum loan amount $1,200,000.00.
  • A maximum of $50,000.00 of the loan amount can be given to cover miscellaneous educational expenses without a pro-forma invoice.
  • Proof of loan purpose, e.g School Fee Voucher, Pro-forma invoice for books to be purchased, signed and stamped by the company
  • Repayment period maximum 5years or course duration.
  • Interest rate: 10%
  • Last 2 salary slips.
  • Picture identification.
  • Acceptance Letter
  • Member must open a child/spouse account if educational expenses relate to the child/children/spouse.
  • Member must sign a final payment letter*
  • Job Letter*
  • Loan repayment to be via salary deduction & OR Standing Order if company does not accept salary deduction.

*Conditions Apply where necessary