NBD Launches Education Loan and Grant Programme
A Financial Institution has established easier financing, available for those seeking to pursue a tertiary education.
The National Bank of Dominica has introduced its Education Loan and Grant Programme which was launched on Wednesday, 4th September at its Financial Centre in Canefield.
Executive manager of Marketing and Product Management, Suzanne Joseph-Piper, highlighted the initiative for the loan grant project.
The goal of the grant project was designed to help students attain quality education for a brighter future.
The programme allows one student from the Dominica State College (DSC) and the University of the West Indies (UWI) Open Campus Dominica, a contribution of $2,500.00 every year.
Michael Bird, NBD’s Managing Director, stated that the bank realizes the need to empower individuals to have the life you want.
Customers will be able to obtain an unsecured loan between three and eight thousand dollars, at an interest rate of ten percent for three years.
For loans greater than three thousand dollars, the NBD will offer loans up to the maximum amount for the programme that a particular student is taking, be at a rate of nine percent for periods up to ten years.
To qualify for NBD’s grant you must be an NBD Education Loan customer, subsequently to September 4th, 2013, be enrolled in a 2, 3, 4-year academic programme at the Dominica State College or the UWI Open Campus – Dominica, be 35 years and older and be a citizen of Dominica.
The application requirements include a completed NBD Education Grant form, a personal letter of intent (maximum 1000 words), and one signed letter of recommendation from a previous teacher or job supervisor and an academic transcript or examination results where applicable.
The deadline for submission for the Education Grant is 31st October 2013.