Student Loan Investment Program

Student Loan Investment

Who is this program for?

• Parents/ guardians hoping to one day provide their children/wards with a higher level of learning.
• Adults aspiring to further their education in the not-too-distant future.

Features

• Tenure investment may last up to 25 years.
• The sooner you plant your S.L.I.P. the greater the harvest: so sign up your child/ward as soon as possible

General Features

• Interest is paid on the anniversary of the investment
• For pre-approved tenures of 5 years and below, a penalty applies for early withdrawal (unless the purpose of withdrawal is to commence studies/academic pursuits)       
• The penalty for early withdrawal is loss of 50% of the accumulated interest
• No penalty for early withdrawal after 5 years.

Investment Schedule

• S.L.I.P. account will start with a minimum of $50
• Affordable monthly investments in multiples of $50

Interest Rates

• 4.5% per annum
• Interest will be credited to your investment on its anniversary.