• info@nccudominica.com
  • Opening Hours

    Monday - Thursday 8am - 3pm

    Friday 8am - 4pm

    NB St. Paul Branch : Thursday Closed, Saturday 9am - 1pm

Education Loans

BENEFITS

Save Money
  • Interest rate of 11% per annum on the reducing balance
  • No loan processing fees
Peace of Mind
  • 100% financing
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

REQUIREMENTS

  • 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

Click here for information on our Special LEARN WHILE YOU EARN LOAN. Stay at home, on the job and further your studies.