Save Money
- Interest rate of 11% per annum on the reducing balance
- No loan processing fees
Peace of Mind
Flexible
- Up to ten (10) years to repay
- Available for all levels of tertiary education
- Funds are disbursed when payments are due
Safe
- Up to $150,000 in loan protection coverage at no cost to you
- A minimum of 5% of the total amount of the loan requested
- Acceptance from the school
- Member shares based on the amount of loan
- 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 the 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)
- 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)
- 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 coverage
- Member Share/Loans click here
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