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School Book Loan

Primary School: $5,000.00

Secondary School: $10,000.00

Tertiary Education: $20,000.00

A school book loan may be granted for the purchase of school books to a maximum borrowing amount as determined by the Board from time to time.

This loan is granted for a period of one year commencing in July of each year and at a preferential interest rate to assist members in the purchase of school books

Normal Lending Criteria :

  • Two Forms of Valid (ID, DP, PP & Electronic Birth Paper)
  • Proof of Address for Individuals (UTC Statement, Bank Statement, or Utility Bill )
  • Proof of Address for Self Employed ( Utility Bill from the place of business)
  • Proof of Income for Individuals  (Payslip or Job Letter, no more than 2 months)-
  • Proof of Income for Self Employed (Business registration, 3 years Management Accounts, Last tax return filed)
  • Must be 18 years and over  with consistent savings for a minimum of 3 months
  • DSR  50% (Maximum or as directed by the Board of Directors )
  • Security (Shares invested in the Credit Union


Loans must be applied for via the Online Portal.  To apply online you will need to complete your online account registration.

Click here to apply

For non-member, you will need to become a member before you can qualify for the loan. To become a member, click here


You can also download the Transcorp On D Go Mobile App:


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