Need any help? Talk to expert : 675-3053

School Book Loan


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 Form 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