Educational Lending Facilty

SLDB regards education as the ultimate investment in national development. We also believe that higher education is the cornerstone of self-reliance and personal autonomy. We believe that a knowledgeable and informed workforce has a multiplier effect that results in creativity, innovation and excellence.

SLDB offers financing for:

Studies in approved course areas on Government’s priority list.
Travelling expenses, boarding and lodging costs during your studies
Tuition fees at both local and overseas accredited educational institutions
Books and equipment relevant to the approved course of study

What you will need

Letter of acceptance from an Accredited educational institution, accompanied with copies of your latest transcripts and certificates
Letter from the school indicating the length of the programme, fees, books and boarding and lodging costs
Letter from Inland Revenue Department indicating income taxes are being paid and are up-to-date
Letter from National Insurance Corporation indicating that NIC contributions are being made and are up-to-date
Letter from employer indicating status of employment, length of employment and salary. If self employed documentary evidence of monthly/yearly income
Life insurance coverage
Suitable forms of security, which may include one or a combination of the following:
- Guarantors for which you need to provide the name(s)
- Cash collateral
- Mortgage for which you need to provide a copy of the Land Register for the property being offered as security. If the property is already mortgaged, you would need to provide information indicating the loan balance and other relevant details
Evidence of study leave with or without pay where applicable
Evidence of income of parents/guardian/sponsor where required to pay interest during the grace period and/or other sources of financial support during the study period
National ID card

Funding be applied only for programmes on the Government priority list or where approval has been granted by the relevant Ministry
Any building pledged as security be properly maintained and adequately insured
Bank funds will be used STRICTLY to fulfill the purposes of the loan
Borrower withholds no available information or data requested by the Bank
The Student will furnish the Bank with progress reports at the end of each semester
The cost of re-sit will be borne by the student
If the student’s performance is unsatisfactory after three consecutive semesters the Bank will withhold further disbursements
Borrowers agree to fulfill all of the conditions or requirements of the loan