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The Board of Directors of the Dominica Agricultural Industrial and Development Bank is pleased...

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