General Information

• What is the Students' Loan Bureau (SLB)?
  • The SLB provides funding to Jamaican nationals pursuing tertiary level education who need assistance with tuition financing.

Loan Products

• What loan products does the SLB offer?
  • The SLB offers three main loan products:
    • Post Graduate Loan
    • PAYS (Pay As You Study) Loan
    • Targeted (Undergraduate) Loan

Targeted Loan

• What is the Targeted Loan?

  • It is a loan for applicants pursuing undergraduate studies with no repayment required until after completion of studies.

• What are the benefits of the Targeted Loan?

  • 100% tuition funding
  • Repayment period of 15 to 20 years
  • Low interest rates: 7.8% during the moratorium period and 9.5% during the repayment period
  • Access to up to $1 million per academic year
  • No guarantor required

• When does repayment begin for the Targeted Loan?

  • Repayment begins in September following the year of completion.

PAYS Loan

• What is the PAYS Loan?

  • It is targeted at employed professionals pursuing undergraduate studies or parents/relatives/spouses taking a loan on behalf of a student.

• What are the benefits of the PAYS Loan?

  • Access to up to $1 million per academic year
  • Repayment via salary deduction order
  • Up to 84 months (7 years) to repay
  • No guarantor required
  • Interest rate of 6% per annum

Application Process

• How do I apply for an SLB loan for the first time?

  • Visit the SLB website, register with an active email address and mobile number, complete the online application, and upload the required documents.

• What documents are required for first-time applicants?

  • Tax Registration Number (TRN)
  • One certified passport-sized photograph
  • Valid photo identification
  • Birth certificate
  • Address verification form
  • Credit Bureau authorization form
  • Income verification for the financially responsible person

Repayment and Fees

• What are the interest rates for SLB loans?

  • Interest rates for Targeted Loans are 7.8% during the moratorium period and 9.5% during the repayment period. For PAYS Loans, the rate is 6% per annum.

• Are there any concessions offered by SLB?

  • Yes, including a 35% reduction in processing fees for PATH beneficiaries, a 1% interest rate reduction for children of public sector workers, and various reductions for participants in the JAMVAT program.

Promotions and Incentives

• What promotions or incentives does SLB offer for good standing?
  • A 2% reduction in interest rates for students maintaining a GPA of 2.5 and over, for customers in repayment who are current or no more than 30 days past due, and a 10% debt forgiveness for borrowers employed by a registered charity for at least one year.

Contact Information

• How can I contact the SLB for more information?
  • Phone: 876-279-8080 or (876) 619-4SLB (4752) [Digicel]
  • Email: info@slbja.com
  • Social Media: Students’ Loan Bureau on Facebook, @slbja on Twitter and Instagram