Benefits

Save Money!!!

• Low, low interest rate of 11% per annum on the reducing balance.
• No loan processing fees. No hidden charges. 

Peace of Mind

• 100% financing. You can get the amount needed.

Flexible

• Up to ten (10) years to repay.
• Available for all tertiary level studies.  
•  Funds are disbused when payments are due
• Take the loan yourself if you have regular income during the period of study or  have a family member take the loan and meet the monthly payment for you.

Safe

• Up to $150,000 in loan protection insurance is offered at no cost to you. 

Requirements

To apply call (255-2128) for an appointment with a Loans Officer or come in to our Loans Department and talk to our caring and helpful staff.

Here's a checklist of items you'll need:

• A minimum of 5% of the total amount of the loan requested.
• Acceptance from the school.
• Details of tuition fees. Where necessary, details of accommodation costs, living and other expenses
• A recent transcript, if already enrolled in a tertiary institution.
• Most recent pay--slip and letter from employer detailing study leave arrangements (if study leave with pay has been granted by employer).   
• Applying for a loan for someone?

             -Employed persons--most recent pay-slip or salary statement from your employer.
             -Self-employed persons--recent financial statements of business. 

• Details of security being offered.
• Your NCCU passbook(s) and a valid photo identification (eg. Social Security card or passport or driver's licence). 
• Details of your liabilities and commitments (other loans, hire purchase, household expenses) for the application. 
• If the approved loan is $77,000 and upwards or you are 50 years and older, a medical examination by an approved medical doctor is necessary for loan protection insurance coverage.