Education Loan
The best investment you can make is in yourself!
Our education loan provides the opportunity for you to further develop your intellectual and analytical capabilities, obtain a job and earn a higher income.
You can well be on your way to impacting your community, region and world with our education loan!
Loan limit: EC$121,270 (General) and EC$148,220 (Law/Medicine)
Competitive Interest rate: 8% on reducing balance
Maximum repayment period: up to 12 years (Inclusive of grace period)
Optional grace period on principal: study period + 3 months (Clients also have the option of having their full instalments paid during their study period.)
Use of funds (includes but not limited to):
- Tuition
- Accommodation
- Books
- Computer
- Airfare to school
- Transportation (where applicable)
- Living expenses
To qualify you must:
- Be a citizen of the Commonwealth of Dominica
- Be over 18 years of age (conditions apply if you are below 18)
Modified Security Requirements:
- Only One Guarantor is required for loan amounts of $20,000 and below
- Only Two Guarantors are required for loan amounts from $20,001 to $30,000
- A Certificate of Title is required for loans in excess of $30,000
Call of Visit us today!
Cnr. Charles Avenue and Rawles Lane
Goodwill, Roseau, Commonwealth of Dominica
Local: (767) 448-2853 / 255-9400 Fax: 448-4903 Int'l: 1-305-396-2547
aidbank@cwdom.dm www.aidbank.com