UnderGrad Loan    |    Parent Plus Loan

     

Approved Institutions | Who Is Eligible?  | How To Apply | Required Documents | Loan Amount  | Interest Rate & Repayment
Approved Institutions
UWI, UTECH, NCU, FIU/IMS, UNO, Nova Southeastern University, Manchester Business School/ Jamaica Institute of Bankers, Mount St. Vincent University/ IACAE and Caribbean Graduate School of Theology (CGST) along with other accreditted institutions.
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Who is eligible?
Employed Jamaican students who can repay via salary deduction
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How to apply
Purchase the post-graduate application; complete and submit with required documents and fees to the SLB. Processing: $4,000.00 (non-refundable) Insurance: $2.00 per thousand of the amount borrowed over the loan tenure Application Cost: $700.00
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Required Documents
Tax Registration Card (TRN) 1 passport size photographs Valid photo identification (Passport, D/L, Voter's ID) Certified copy of birth certificate Acceptance Letter (School ID &  Status letter if already enrolled in programme) Income verification (last three pay-slips and job letter) Two letters of recommendation (Letters of recommendation will not be written by loan guarantors or referees). Last 3  utility bills - water, electricity , telephone Credit reference Letter from employer confirming their facilitation of salary deduction orders (subject to discretion) Valid Work ID
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Loan Amount
The maximum loan amount is $800,000.00 per programme. The loan covers tuition only.
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Interest Rate & Repayment
12% add-on: with a maximum repayment of 36 months There is no moratorium on the post-graduate loans. Beneficiaries with undergraduate loans must be able to comfortably repay undergraduate and post-graduate loans. Beneficiaries of undergraduate loans still enjoying the six-month grace period must begin early repayment to qualify for post-graduate loans.*For SLB PostGrad Loans, submit your applications directly to dedicated SLB PostGrad loan officers Ms. Rowena Wedderburn, Ms. Nikel Taylor or Mrs. Melanie Miller. These officers can be reached at  876-754-2559 .
Guarantor Requirements and Documents
A guarantor must be: Jamaican national living in Jamaica Between 18 and 60 years old A responsible individual Be in good health Formally employed Possess a TRN The required documents are: Two photo identificataions one of which must be a Passport or Drivers License Income verification (last three pay slips) Letter from employer confirmation their faciliation of salary deduction (subject ot discretion). NB. Guarantors must be employed in their current job for at least one year. Guarantor’s place of employment must facilitate salary deductions.
*For SLB PostGrad Loans, submit your applications directly to dedicated SLB PostGrad loan officers Ms. Rowena Wedderburn, Ms. Nikel Taylor or Mrs. Melanie Miller. These officers can be reached at  876-754-2559 .
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UnderGrad Loan    |    Parent Plus Loan