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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$148,220 (Law/Medicine) and EC$121,270 (General)

Interest rate: 8% on reducing balance

Maximum repayment period: up to 12 years

Optional grace period on principal: study period + 3 months 


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)


To apply call 448-2853 for an appointment with a Credit officer or come in to talk with us!