Guidelines for the Granting of Loans
In order to qualify for a loan under the programme, applicants must meet the following requirements stipulated under the Student Revolving Loan Fund Regulations.
- Be a citizen of Barbados;
- Be at least eighteen (18) years of age;
- Be enrolled or accepted for enrollment in an accredited programme offered by an accredited educational institution. Applications may also be submitted by persons who are awaiting official acceptance from an educational institution;
- Be pursuing or propose to pursue a full-time, Part-time or Distance course of study approved by the Committee.
DOCUMENTS TO BE SUBMITTED
Application forms are available from the office of the Student Revolving Loan Fund. All copies of supporting documents submitted must be certified.
The following should be submitted with the application form (where applicable):
- Evidence of Barbados citizenship (birth certificate or registration as a citizen).
- Certified copies of academic qualifications.
- Letter of acceptance or confirmation of enrolment from the institution.
- Statement of the annual cost of the programme from the institution.
- Proof of income or an Affidavit if self-employed.
- Certificate of savings to show (if applicable) your ability to cover shortfall between cost of the programme and the maximum amount the Fund might lend for your category of study.
- Description of the programme from the institution.
- Health certificate from a Registered Medical Pratitioner.
- Copy of transcript or grade slip, if already in the institution.
- One (1) certified passport size photograph.
- Two (2) Completed ‘Affidavit for Surety’ (inclusive in application package) forms.
APPLICATIONS WILL NOT BE PROCESSED UNLESS THE FORM IS COMPLETE AND ALL DOCUMENTS SUBMITTED.