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Click here to apply for Postgrad Loan.
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Approved Institution
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UWI, UTECH, NCU and other Approved Tertiary Institutions (ATIs). |
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Who is eligible?
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Employed Jamaican students who can repay
via salary deduction |
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How to apply?
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>First, you will be required to register and complete the Postgrad application form (click here to apply) then email slbpays@slbja.com to set an appointment to submit the required documents.
You will receive confirmation of your appointment date and time via email within 2 working days of submission.
Should you require any additional information you may call 936-4420, 936-4462 or 936-4416.
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Associated Fees
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Processing: $5,250.00 (non-refundable)
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Insurance: $0.50 per thousand of the amount borrowed over the loan tenure
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Application Cost: $950.00
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Required Documents
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Tax Registration Card (TRN)
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2 passport size photographs
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Valid photo identification (Passport, Driver's License, Electoral/National Identification)
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Certified copy of birth certificate
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Acceptance Letter for new students or Student Identification and Status Letter already enrolled
in programme)
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Income verification (last three pay-slips or job letter)
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Two letters of recommendation (to be written by a Justice of the Peace or Minister of Religion or Attorney-at-Law or Employer or Lecturer).
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Last 3 utility bills.
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Credit reference
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Letter from employer confirming their facilitation of salary deduction orders
(subject to discretion).
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Valid Employee Identification
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Loan Amount
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The maximum loan amount of $1.2 million covers tuition
only.
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Interest Rate Repayment
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9.5% reducing balance with a repayment of up to 60 months
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There is no moratorium on the post-graduate loans.
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Beneficiaries with undergraduate loans must be able to comfortably repay
undergraduate and post-graduate loans.
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Beneficiaries of undergraduate loans still enjoying the six-month grace period
must begin early repayment to qualify for post-graduate loans.
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Guarantor
Requirements and Documents
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NB. Guarantors must be employed in their current job for at
least one year. Guarantor’s place of employment must facilitate salary
deductions.
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