Organization : The Student Revolving Loan Fund (SRLF)
Facility : Top-Up Loan
Country : Barbados
Website : https://srlfloan.edu.bb/
How To Apply For SRLF Top-Up Loan?
All Applications will be submitted through our online portal and all documents are to be uploaded with your application. If your loan is approved, you are required to submit your physical original health certificate and security documents
Related / Similar Facility : MPS Training Loan Application Barbados
Areas Identified for Loans:
Post Secondary/Technical Education:
Full/part time and online courses at the Barbados Community College and other post secondary/technical institutions, locally and regionally.
Undergraduate & Graduate Studies:
Full/part time and online Business, Professional and Technological Programs, for example Accounting, Medicine, Computer Technology.
Professional Designation & Doctoral Programmes:
Full/part time and online distance courses offered locally, regionally and at international institutions.
Apply Here : https://secure.srlfloan.edu.bb/Apply/?t=TopUp
FAQ On SRLF Top-Up Loan
Frequently Asked Questions FAQ On SRLF Top-Up Loan
Are there any fees associated with the SRLF loans?
Yes. Credit fee- 1% of loan will be deducted from the approved loan amount. Stamp fees of $50 are payable for each contract and will also be deducted from your approved loan amount. For security, additional fees will apply.
Can both parents act as Surety for the same loan?
No, not if both parents live in the same household.
Do I need to submit all my information at the time of applying?
After you have started, you will be allowed to save the application until you are able to upload the requested document(s). Your application WILL NOT be processed without all required documentation.
For property, can I use it if it is not fully paid for?
No, any security provided must have no other liens.
How are the funds disbursed?
** For study periods of up to 15 months – All funds will be disbursed.
** For study periods of 18 months – 75% of loan up front and 25% for the last 6 months.
** For study periods of more than 18 months – Funds will be disbursed evenly over the study period.
** Funds will only be made payable after ALL Legal documents have been executed.
How do I check the status of my account?
Your statement will be emailed to you monthly, you can also sign up to view your account via our online portal for monthly statements. You can also contact us directly.
How does security work?
Any security offered must be fully assigned to the SRLF.
How soon will I know if my loan has been approved?
Within 7 – 10 working days after your application has been successfully submitted. However, where mortgages are involved, the process will take longer.