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REGULAR STUDENT LOANS

We offer financing for persons who wish to further their education.

WE OFFER THE BEST STUDENT LOAN PACKAGES WITH FLEXIBLE PAYMENT TERMS

Purpose/Use of Funds:

• Loans can be provided under this programme to finance all costs including living expenses (100%) associated with the pursuit of tertiary academic programmes as well as technical, vocational and professional study programmes.


Term:

• Up to 12 years plus grace.


Grace Period:

• Period of study plus 6 months with option for another 3.

Interest Rate:

• 8% on the reducing balance.


Interest Payment During Grace:

• Interest accrued during the grace period should be paid monthly but in exceptional circumstances interest can be accrued and capitalized prior to commencement of principal repayment. In all cases any unpaid interest at the end of the grace period will be automatically capitalized.

 

Security:

• All loans must be fully secured. Security can comprise of any of the following or a combination:


i) Cash deposit;

ii) Assignment of shares from a reputable business institution;

iii) Mortgage on property;

iv) Any other collateral that may be deemed acceptable;

v) In addition there must be an assignment of Insurance on the life of the student.

WE FUND...

All post secondary (colleges, universities) studies including technical and vocational training. We do 100% financing for tuition, living expenses, boarding, books and other study materials, computer, travel etc.