SALCC Two Year Degree Programme

Get the education you deserve with a BOSL Student Loan!

SALCC logo

 

The loan will assist with

 

  • Tuition 
  • Books
  • Get the education you deserve with a BOSL Student LoanSchool Supplies

 

Eligibility/Prerequisite

 

A student loan applicant must be a citizen of Saint Lucia who is at least 18 years old and has resided in the country for a minimum of one year immediately preceding the date of application for the loan.
 
For the two year Degree programme - The completion of SALCC Associate Degree in the relevant field of study.
 
 

Loan Terms

Maximum duration of the program -     4 years
Loan Limits -     $8,000 to $10,000 annually
Maximum Loan Amount -     $60,000.00
Repayment Term -     Maximum 8 years
Interest Rate -     7.5%
Grace Period 
(Interest only payment)
-     24 months to 48 months (based on duration of the programme plus an additional 6 months after the completion date of the programme.
 
 

Security:

 

  • 2 guarantors to a maximum loan of $60,000.00
  • Assignment of Credit life Insurance
 

Bank fees:

 

  • 2% of loan amount
  • Cost of stamp duty where applicable
 

Requirements:

 

  • 1 piece of identification (Preferably National ID or Passport, school ID can also be presented)
  • 2 guarantors
  • Acceptance letter from SALCC

 

Need more information!

 

Would you like an appointment to speak with a loans officer? Contact any of our officers listed below at a branch near you.

 

BRANCH CONTACT PERSON TELEPHONE # EMAIL ADDRESS
Bridge Street Monette Johny-Labanard 456-6327 monette-johny.labanard@bankofsaintlucia.com
Waterfront Norah Emmanuel 456-6321 norah.emmanuel@bankofsaintlucia.com