Education
Special Qualification Education Loan (SQEL)
Finance the full cost of a special qualification, released as you advance in your course of study.
Interest
0.6% reducing
Up to
Total cost of study
Term
Up to 120 months / 10 years
Security
One-third of the amount desired must be applied to your shares.
Built for a qualification
SQEL lets you borrow up to the total cost of a special qualification. Funds are disbursed in tranches as you advance in your course of study - not as a single family education package, and not as a school-term LAP.
Term and shares
Interest is 0.6% reducing for up to 10 years (120 months). One-third of the amount desired must be applied to your shares.