Principal Borrower Info
This is an employed individual applying for the applicant.
Payment of Fees:
Fees may be paid via your Customer Portal, STEEP or to any of other payment facilities:
Paymaster or Bill Express online or any of their locations island-wide. A copy of the receipt or evidence of payment should be retained.
The Credit Report fee is non-refundable.
Fees must be paid before the final approval of your application for a loan.
The individual who is applying for a PAYS loan is considered as the Principal Borrower.
Person who can apply for SLB PAYS Loans – Principal Borrowers – include:
The maximum loan amount is $1,000,000.00 per academic year.
Each loan is for a maximum period of 84 months (7 years).
The period of repayment of the SLB PAYS Loan is 84 months, repayment is by salary deduction and there is no moratorium period.
At least one guarantor is required for each loan. Guarantors must be Jamaican nationals living in Jamaica, formally employed in their current jobs for at least one year. Their places of employment must facilitate salary deduction.
Approved Tertiary Institutions
Required Documents for Principal Borrower
Required Documents for Dependent Student
Required Documents for Guarantors
The guarantors are required to complete their own Portal account and guarantor application online.
Guarantors must be employed in their current job for at least one year. Guarantor’s place of employment must facilitate salary deductions. Only one guarantor is required for the loan facility.