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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

 

Scholarships

The information provided on this page is accurate at the date and time of publication.
The University of the Commonwealth Caribbean reserves the right to make changes, without prior notice, to the information contained in this and all pages on this website.

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