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Personal · Lending Services
Student Loans
Solutions to financing your college education. A Student Loan from The Bank of Nevis lets you focus on your studies now and start repayment after you graduate, with preferential rates while you study.
Overview
01Why this loan
9% during studyLow rate while you're in school.
10% afterCompetitive rate kicks in once you graduate.
Grace periodNo principal payments while you're still enrolled.
Up to 10 yearsLong enough to keep monthly payments comfortable.
Security required (at customer's expense)
- Cash, treasury bills, or property collateral
- Co-signer may be required depending on amount
Other terms and conditions apply.
Estimate your payment
02Adjust the sliders to see how your monthly payment changes. Want amortization details? Open the full Loan Calculator.
Student Loan
Estimated Payment
EC$0
per month
What you need to apply
03Have these ready when you visit a branch or upload them on the Loans Portal. The faster we have them, the faster we can decide.
Two photo IDsYours and the parent/guardian's if applicable.
Acceptance letterFrom the educational institution.
Detailed cost breakdownTuition, books, lodging, travel - itemised.
Parent's job letter & pay slipOr sponsor confirmation.
Banker's referenceIf applying as non-customer.
Acceptable securitySee note above.
Apply now
04Two ways to apply - online through our secure Loans Portal, or in person at any branch. Our lending officers will walk you through the requirements and help structure a loan that fits.
Frequently asked
Got questions?
How long does approval take?
With complete documents, most personal loans are approved within 3-5 business days. Mortgages take 2-3 weeks because of valuation and title work.
Is there a pre-payment penalty?
No. You can pay extra or pay off your loan in full at any time without penalty.
What if my application is declined?
We'll explain why and what could change the answer. You can also reapply after addressing the issue - there's no waiting period.
Can I apply if I'm a non-national?
Yes. Different documentation requirements apply (banker's reference, two years of tax returns, larger down payment for mortgages). Speak to a lender for the specifics.
Do you offer joint applications?
Yes - co-applicants and guarantors are welcome and can strengthen your application. Bring their ID and income documents when you apply.
Still have questions? Talk to us →
Ready to apply
Invest in your education - apply for a Student Loan today.
Our lending team will walk you through the process and structure a loan that fits your situation.