Please ensure you have completed items indicated in our checklist
If Checklist completed, please apply for student loan here.
If you wish to make a Disbursement Request, please do so here.
All applications for students commencing studies in the Fall should be submitted by May 31st.
All applications for students commencing studies in the Winter should be submitted by September 30th.
Selected Graduate and Post Graduate allowances will be made on a case by case basis.
Please click here to see priority listing.
Priority is given to candidates pursuing studies at regional institutions.
Tuition
Accommodation
Books
Computer
Airfare to school
Living expenses
Graduate and Post Graduate allowances
Candidates pursuing studies at regional institutions
Be a citizen of The Federation of St. Christopher and Nevis
Be over 18 years of age (conditions apply if you are below 18)
Area of study must be part of the bank’s priority listing
Loan Amount/ Limit
A maximum of XCD$100,000.00
Grace period
Interest Free during your Period of study (up to Four Years & Three Months)
Interest Rate
5% per annum
Repayment Term
Up to 15 years
A non-refundable Application fee of EC$50.00 + 17% VAT (EC$58.50) is to be paid upon submission of the Application Form
Be sure to submit all applications well in advance to go through all the application procedures and yet be on time for your school’s Orientation and Registration.
Ask and be informed on the issue of VAT as relates to your fees and services.
Loan funds are disbursed in equal installments over the years of study.
Request for disbursement must be made in writing to the bank.
Main office
General Manager
Cnr of Central and Church Streets
Basseterre
St. Kitts
P.O. Box 249
email: info@skndb.com
Branch Office
Hyacinth Pemberton
Branch Manager
Chapel Street
Charlestown
Nevis
email:hpemberton@skndb.com
Official University Transcripts must be submitted with request for all other disbursements after the first.
Tuition fees are paid directly to the educational institution.
Monies for Books and Boarding are paid to the student.
Airfare is paid to travel agency/airline.
The applicant along with the proposed sureties are required to sign the Student Bond.
For bonded students, repayment commences three (3) to six (6) months after graduation. For non-bonded students pursuing courses locally, repayment commences one (1) to three (3) months after the first withdrawal.
The Commitment Fee - is calculated according to the loan amount Bank. Legal Fees of $600.00 plus vat $102.00 ($702.00 ECD) are to be paid to our Solicitors. The bond registration rate is 0.25% of the loan amount
The Government of St. Kitts and Nevis, in collaboration with the Development Bank of St. Kitts and Nevis (DBSK-N), are thrilled to announce a groundbreaking initiative that will bring substantial relief to individuals with existing student loans with DBSK-N. Effective June 1st, the interest rate for these existing student loans will be dramatically reduced from 9% to an unprecedented 5%.
“Students who are presently paying at 9%, from the 1st of June you are encouraged to go to the Development Bank and have your interest reduced from 9% down to 5%. This will give students space to buy a home, invest in a business after all this is what they left to study for”, said Prime Minister Drew during his Opening Statement at the press conference. extracted from SKNIS>>
We look forward to hearing from you as we assist in your quest for further development.
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