Tertiary Education Loan Facility

Loan Details:

  • This loan will cover your tuition, books and fees that are not covered by GATE
  • Loan will be for a maximum of $100,000.00
  • Interest Rate of 0.75% per month on the reducing balance
  • Loan period will be for a maximum of 7 years.
  • Member has option to pay school fees in full or pay off in tranches at the start of each academic year.
  • If member takes the option to pay fees in tranches, funds will be placed on hold on a non-interest bearing account and funds will be released at the start of the academic year to the educational institution
  • Cheques will be made payable to the school
  • This loan can be re-financed once the refinanced loan is for your tertiary education.
  • This loan will have the following payment options:
  1. Payment is required IMMEDIATELY upon approval of loan based on member’s ability to repay the loan
  2. Payment of interest ONLY with Principal payments commencing 3 months after completion of studies
  3. Payment to begin 1 YEAR after completion of studies.
  • School must provide confirmation of completion of studies
  • Where OPTION 2 OR 3 is taken, account must be flagged whereby member will be notified when payments will commence
  • A Co Maker may be required for this loan
  • The Co Maker is the person who is co-signing on the loan with the borrower and agrees to repay the debt should the student default. The Guarantor is required as a surety especially in the scenario where payments are deferred until after the student completes his studies. The Guarantor’s net worth must exceed the amount of the facility taken; he must be a member in good standing with a solid borrowing record.


  • Share requirement based on length of membership and relationship with Credit Union
  • Job Letter
  • Recent salary slip
  • Acceptance letter from educational institution
  • Statement of fees from selected institution
  • Supporting Documents as per request.

Apply for Tertiary Education Loan Facility

Please let us know your full name.
Invalid email address.

You must provide a valid email address to complete your application. We ask for your email address so we can send you important communications relating to your application. Please see our Privacy Policy for more details.

Invalid Input
Invalid Input
Invalid Input


Invalid Input
Invalid Input