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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