Student Loan

• Students who have completed high school and wish to pursue further education at undergraduate level and above, and for community colleges & vocational training in the United States of America.
• Loan will be approved for accredited educational institutions. Refer to this website.
• Interest will accrue from check disbursement date.
• Students must take a minimum of 12 credit hours each semester.
• Student loan for Tuition, Books and Campus Boarding will be up to a maximum amount of $25,000 per year, to be paid directly to the Institution.
• Student is required to submit proof of completion of high school education, admission to a program of study for which loan is applied, credit hours for each semester and statement of tuition, books and campus boarding.
• Maximum repayment period will be 180 months (payment starts 6 months after graduation).
• Minimum Cumulative GPA: 2.5
• The current offered rate: Wall Street Journal Prime Rate + 1.500%.
• In the event student drops out and discontinues the course of study, the Student Open End Loan Program amortization (installment) will become due with immediate effect and the borrower will be required to make regular monthly payment towards the Student Open End Loan.
• The Annual Percentage Rate (APR) for our Student Open End Loan Program is Variable and is determined by using the Wall Street Journal Prime Rate Index plus a margin determined in the sole discretion of Nizari PFCU.

*Maximum repayment period will be 180 months (payment starts 6 months after graduation). Interest accrues for the date of disbursement of loan funds.