SMARTPAY

What is SMARTPAY?

SMARTPAY is utilizing your study and grace period to start repaying your loan and making your payments consistently and on time during repayment.

Why make SMART payments?

Pay early and save, interest is calculated on the reducing balance, so the smaller the balance the  less interest you have to pay

• Paying early equals less stress in the future
• Payments made during your agreed study period is interest free (for loans opened after 2010)
• Pay early to help another deserving Barbadian
• During study and grace you can pay whatever you can afford
• Once your loan is repaid in full you are eligible to apply for a new loan to further advance your studies

Where can you SMARTPAY?

Borrowers can SMARTPAY their loans using the methods below:

• SRLF Online Payment Portal (https://secure.srlfloan.edu.bb/)
• Salary Deductions
• Credit Cards (Visa or MasterCard)
• Debit Cards
• Personal Cheques
• Draft / Cashier cheques
• Standing Orders with banks or the SRLF’s bank
• Electronic Bill payment
• Cash
• Wire Transfers:
  Republic Bank (Barbados) Limited
  Account No.: - Contact the SRLF at (246)535-0834 for more details
  Swift Code: - BNBABBBB
  
  Royal Bank of Canada
  Account No.:- Contact the SRLF at (246)535-0834 for more details
  Please click here for further instructions on RBC wire transactions
  
  CIBC First Caribbean Bank
  Account No.:- Contact the SRLF at (246)535-0834 for more details
  Please click here for further instructions on CIBC/FCIB wire transactions

Also in this Section...

• Overview
• Methods of Loan Repayment
• Repayment Options
• Why Avoid Defaulting?
• Credit Unit Personnel
• Frequently Asked Questions
• Book an Appointment