Learn While You Earn Loans
Employed members who have been accepted for a  programme of study at an tertiary level institution and have the capacity to repay a loan can qualify for 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

  • Tuition
  • Books
  • Exams,
  • Other costs (eg. laptop, tablet)

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


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.