Education

Education 1st Class

Student Loans from 1st National Bank

1st National Bank now makes it even EASIER for you to pursue a University Degree or any other form of advanced studies with very attractive STUDENT LOANS. Fulfill your education dreams today by coming in to any of our locations where one of our friendly loans officers will be more than happy to assist you.

Benefits

Further Education

Build credit

Repay after graduation

Terms & Conditions

Security: Lien over credit balance and/ Mortgage over property and/ guarantee and Life Insurance Policy

Up to $20,000.00 waiver of collateral requirement if course study is with approved institutions

Maximum loan amout: $250,000.00 to be repaid over a maximum period up to 15 years

Interest to be repaid from first drawdown of loan and principal + interest to be repaid 3-6 months after completion of studies

Requirements

One (1) Piece of Identification e.g. valid Passport, National ID Card or valid Driver’s License

Proof of Address i.e. a Utility Bill, a Credit Card Statement, an existing Bank Account Statement from another financial institution, or an additional piece of Identification bearing the residential address. (These must not be in excess of 3 months old)

Job Letter or Reference Letter (not in excess of 3 months old)

Two Guarantors

Down payment

Student Loans: Letter of acceptance and cost of tuition from institution

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