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post:
SALCC Two Year Degree Programme
Get the education you deserve with a BOSL Student Loan!
The loan will assist with
- Tuition
- Books
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School 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 |
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