We know what you’re thinking about the high cost of education. Here’s what you should be considering…

HFC Educational Loan is a personal loan aimed at parents and mature students who are currently working.

CONDITIONS

• Applicants must maintain a current account with the bank
• Applicants must have been in their present employment for not less than 12 months
• Applicants must route their salaries through their accounts with the Bank
• Applicants who for good reasons cannot open accounts with the Bank, will be expected to set up a standing order arrangement for repayment of their loans
• Applicants will be expected to ensure that their employers remit entitlements to the Bank in the event of disengagement
• Applicants must present current school bills to the Bank as evidence of indebtedness.
• Payment may be made through bank draft or direct transfer to the school. A commission will be charged for every transfer made.

Unit Trust holders may borrow up to 150% of the amount of their investments.