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S.L.I.P

Student Loan Investment Program

Student Loan Investment

Is yet another one of development bank's innovative investment programs designed to give clients who are interested in gradually establishing an investment towards future academic pursuits. It???s as easy as a b c and the rewards are life transforming.

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.

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Latest News

Development Bank leading the charge in fight against Covid-19 using latest technology
Government to make available $5 million to SMEs through Development Bank

Contact Us

  • St. Kitts

    Cnr. Central & Church Street, Basseterre

    +1 (869) 465 - 2288 or 4041 or 2964


  • Nevis

    Charlestown

    +1 (869) 469 - 5416 or 1443

  • info@skndb.com




Contact us

  • info@skndb.com
  • 1 869 465-2288
  • Crn Central Street & Church Street
SKNDB

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