Learn While You Earn Loans
Employed members who have been accepted for a programme of study at a tertiary level institution can qualify for a special character loan facility, Learn While You Earn loans. Parents can apply for this facility for children who are not yet employed. Self-employed persons can also qualify.   

Non-Members must become Members
To join NCCU Click here.

What is covered">

What is covered

  • Tuition
  • Books
  • Exams,
  • Other costs (eg. laptop, tablet)
What is Needed">

What is Needed

  • Job letter (NCCU will provide a form)
  • Two consecutive and recent salary slips
  • Letter of acceptance from an accredited school
  • Cost of programme
  • Invoice for laptop or tablet and other major school-related costs


  • Minimum Savings: 5% of loan amount
  • Repayment Period:  Up to 6 years for unsecured loans
  • Interest Rate:  10% on the reducing balance
  • Member Shares based on loan amount
  • Loan Limit:  $20,000 in Character (unsecured)  loans (inclusive of other Character loans )
  • First time borrowers:  A co-maker may be required  
  • Disbursements:   Funds will be  disbursed to the education institution and suppliers
  • Member Shares/Loans click here!


  • Call or visit an NCCU Branch for an appointment with a Loan Officer.
  • Where multiple disbursements are required, the loan will be processed as a Revolving (Open –End) Loan.  
Other Information">

Other Information


Some employers refund education costs when an employee completes an approved course of study.

The borrower can claim Education loan interest payments, of up to $5000 annually when filing taxes.

What is a Character Loan?  

It is an unsecured  loan of a fixed amount above savings that can be granted  to  a member with a  good credit rating who has successfully repaid previous loans.  The loan is granted on the member’s signature.    With the special   Learn While You Earn facility, a member with a good credit rating can qualify for character loans of $20,000 (in total) above savings.

Tertiary Education Loans    
For information on regular Tertiary Education Loans Click here.