Personal Lending |
Student Loan Checklist
1. Letter of request (stating amount, purpose, security/collateral being
offered).
2. Personal Financial Statement/s and Income and Expenditure Statement/s.
3. Acceptance letter from School. Breakdown of expenses for room and
board and fees.
4. Appraisal of property being offered as security (if property is used as
security).
5. Copy of Certificate of Title/Deed (if land is used as security).
6. The Customer must also have available enough cash to cover loan
charges, legal fees as well as the cost of insuring the property during the
life of the loan. (property is used as security).
7. The Customer should have life insurance and this should normally be
enough to cover the loan amount.
8. The maximum repayment term is 10 years.
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