Education & "Back to School" Loans

Realize your education goals. Be the best you can be. 

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


Save Money!!!

  • Low, low interest rate of 11% per annum on the reducing balance.
  • No loan processing fees. 

Peace of Mind

  • 100% financing. You can get the amount needed.


  • Up to ten (10) years to repay.
  • Available for all tertiary level studies.  
  •  Funds are disbused when payments are due
  • Take the loan yourself if you have regular income during the period of study or  have a family member take the loan and meet the monthly payment for you.


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


Visit a Branch or call for an appointment with a Loans Officer

Here's a checklist of items you'll need:

  • 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 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) and 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) for the application. 
  • 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.