JOIN THE REPAY AND PASS IT ON MOVEMENT!

Eliminate Your Student Debt and Support Future Students.

BEHIND ON YOUR LOAN PAYMENTS? HERE’S HOW YOU CAN BENEFIT:
  • You may be eligible for up to 80% Written-Off on additional interest due to late payment.
  • Clear your balance and receive a rebate on your loan.
  • Flexible Repayment Plan.
  • An opportunity to improve your Credit Rating.
Let's Talk!
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WHY SHOULD YOU REPAY & PASS IT ON?

Financial freedom

  • Clear your debt
  • Free up your sureties and security
  • Improve your credit rating
  • Avoid legal proceedings

Pass it on

Help future Barbadian students achieve their educational dreams.

Community Support

Be part of a community that uplifts and empowers.

Flexible Terms

Tailored repayment plans to fit your financial situation.

LET’S TALK

Contact The Student Revolving Loan Fund before December 31, 2024 to set up a meeting with one of our helpful officers to review your loan and assess which REPAY & PASS IT ON benefit is right for you.  

Real Stories, Real Impact

"SRLF helped me clear my student loan, and now I’m proud to be paying it forward."
"The support I received from SRLF was a game-changer. I’m glad my repayments help others."
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Existing Options for Borrowers in Default vs Repayment Options

The Amnesty Relief offer is available for the full repayment of loans with large arrears. Borrowers and their sureties are asked to contact the Collections Unit about the terms of this offer which is subject to management’s approval.

Amnesty – is applicable where the stipulated repayment period has expired and the loan has an outstanding account balance that is due and payable.

Deferments, Graduated Payment plans and Forbearance are available to those persons who are experiencing difficulty making monthly loan payments. These plans once approved are reviewed on a quarterly or semi-annual basis. They are as follows:

Deferment allows borrowers who are not in default and who provide credible evidence of further study, economic hardship or unemployment to pay the interest only part of their monthly installment for a specified period. Persons in arrears are not eligible for a deferment.

Forbearance allows borrowers who are in arrears and/or unable to make regular/full loan payments to pay the principal part of the loan installment for a short period.

Graduated payment plans allows borrowers in arrears to pay a lower monthly installment for a specified period. Subsequent incremental increases thereafter ensure the repayment of your loan within the payback period.

The Collection Officers will work with each borrower to determine the best option available.

FAQs

Got Questions? We’ve Got Answers.

Your account statement will be emailed to you monthly. For more convenience, you can sign up for our online portal to view your monthly statements anytime. If you have any questions, feel free to contact us directly. 

Direct to: https://srlfloan.edu.bb/Repayment/MethodsofLoanRepayment.aspx  

Payments are due on or before the last working day of each month (Monday to Friday).

BDS $30.00

If you’re facing financial difficulties, please contact the Collections Unit as soon as possible. One of our officers will help you create a repayment plan that works for all parties. No late fees will be charged if you stick to the agreed plan. 

For current financial issues, reach out to the SRLF before December 31, 2024, to take advantage of our special REPAY & PASS IT ON program. 

As a surety, you can contact the SRLF to get updates on the borrower’s account status. Additionally, all information sent to the borrower is also sent to the sureties. 

We recommend signing up for the online portal to easily track the account status. If the borrower is having difficulty with repayment, please encourage them to contact us to discuss available options. 

Yes, sureties are responsible for covering the loan if the borrower fails to make payments. They will be informed of any default and may be required to pay either the full installment or the monthly interest portion of the loan. 

If you are unemployed or unable to meet your repayment obligations, please contact a Collections Officer as soon as possible to discuss your options. 

Your statement will be emailed to you monthly, you can also sign up to view your account via our online portal for monthly statements. You can also contact us directly.

Contact the Collections Unit and an officer will work out a plan that is beneficial to all parties involved. Once a plan has been put in place you will not be charged a late fee unless you deviate from the agreement. Also note that payment plans are designed based on the individual situation. Contact

Sureties guarantee that they will pay if the borrower fails to repay the loan. Sureties are therefore informed of any default and required to make payments towards the full installment or the monthly interest portion of the loan. If you find yourself unemployed or otherwise unable to meet your obligations as agreed please contact a Collections Officer ASAP.

The Loan Agreement makes it clear that the student is bonded to remain in/return to Barbados and work for a period equal to the course of study or a period of not less than 1 year. The first step would be to notify your Loans Officer of the opportunity and be prepared to submit supporting documentation e.g., a job offer letter. This documentation must be accompanied by a letter requesting permission from the Management Committee to be released from the obligation and to accept the job offer. The letter should also outline the provisions you intend to make for servicing of the account.

Still Have Questions? Contact Us

Ready to Clear Your Debt & Make a Difference?

Join the Repay and Pass It On Movement
Check your eligibility today

Call Us: 246-535-0834