Education & Back to School Loans

Get children ready for school with a special "Back to School" loan 


Save Money

  • Interest rate of 11% per annum on the reducing balance
  • No loan processing fees 

Peace of Mind

  • 100% financing


  • Up to ten (10) years to repay
  • Available for all tertiary levels 
  •  Funds are disbursed when payments are due


  • Up to $150,000 in loan protection coverage at no cost to you


  • A minimum of 5% of the total amount of the loan requested
  • Acceptance from the school
  • Member shares based on the amount of loan
  • Details of tuition fees. Where necessary, details of accommodation costs, living and other expenses
  • A recent transcript, if already enrolled in a tertiary institution
  • Most recent pay--slip and letter from employer detailing study leave arrangements (if study-leave with pay has been granted by the employer).   
  • Applying for a loan for someone?

             - Employed persons--most recent pay-slip or salary statement from your employer 
             - Self-employed persons--recent financial statements of business 

  • Details of security being offered
  • Your NCCU passbook(s) 
  • A valid photo identification (eg. Social Security card or passport or driver's licence)
  • Details of your liabilities and commitments (other loans, hire purchase, household expenses) 
  • If the approved loan is $77,000 and upwards or you are 50 years and older, a medical examination by an approved medical doctor is necessary for loan protection coverage 
  • Member Share/Loans click here

Back to School Loan Special

Apply for a special Back to School Loan to get children ready for school in September. Visit a branch or call for an appointment with a Loans Officer 

  • Bring in children's book lists and school acceptance letter
  • Apply for up to $3000
  • Pay interest at a low rate of only 8% per annum
  • Repay the loan over 3 years. Pay as little as $37 monthly on $1000
  • Pay by salary deduction 
  • There are no processing fees
  • Apply between July 1, 2017, and November 30, 2017
  • Available as an unsecured/character loan or a secured loan

All loans are subject to NCCU’s Loan Policies and approval procedures

To find out details on what can be used as security click here.