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Student Loan Investment Program (S.L.I.P) is designed to give clients who are interested in gradually establishing an investment towards future academic pursuits. It is 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
Investment Years
Interest Rate
Interest will be credited to your investment on its anniversary
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
The sooner you plant your S.L.I.P the greater the harvest; so, sign up your child/ward as soon as possible.
Please be advised of the following updates to transactions processed through our online payment platform:
Effective March 1, 2026, all USD transactions will be processed at an exchange rate of 2.5313. This reflects an updated foreign exchange rate applied by our payment service provider.
This update applies only to payments made through the USD online payment portal. To ensure your account remains in good standing and to eliminate the risk of missed payments, we strongly encourage you to set up recurring online payments. This option provides peace of mind and helps you maintain a strong repayment record.
We thank you for your continued trust in the Development Bank of St. Kitts and Nevis and appreciate your understanding as we continue to enhance our digital services.
For assistance, please contact us at 869-465-2288 Ext 1211 or WhatsApp +1869 662-6128 or email us at customercare@skndb.com.
[PAY IN USD]
Please be advised of the following updates to transactions processed through our XCD online payment platform:
Effective March 1, 2026, a convenience fee of 2.25% will be applied to all XCD transactions processed through this online portal. This fee represents processing charges associated with online card payments.
This update applies only to payments made through the XCD online payment portal. To ensure your account remains in good standing and to eliminate the risk of missed payments, we strongly encourage you to set up recurring online payments. This option provides peace of mind and helps you maintain a strong repayment record.
We thank you for your continued trust in the Development Bank of St. Kitts and Nevis and appreciate your understanding as we continue to enhance our digital services.
For assistance, please contact us at 869-465-2288 Ext 1211 or WhatsApp +1869 662-6128 or email us at customercare@skndb.com.
