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Repayment

  • Overview
  • Methods of Loan Repayment
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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?

Secure Online Portal

 

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
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© 2021 The Student Revolving Loan Fund. The Elsie Payne Complex, Constitution Rd. St. Michael, Barbados, West Indies.
Tel: +1 (246) 535-0834/35 Fax: +1 (246) 435-2164. Email: office@srlfloan.edu.bb
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