Frequently Asked Questions

Answers to the most common questions J-1 students ask about our loan services.

Our loans are designed for J-1 students and researchers from Jamaica. Applicants must be:
  • Enrolled at an accredited university or research facility
  • At least 17 years old
  • Holding a valid passport and TRN/SSN
  • Maintaining an active checking bank account
  • Having at least 6 months left in their program

You can borrow between $1,000 and $2,000, depending on your monthly stipend and remaining program duration.

Loans have a fixed interest of $899.99. This results in an APR range of 75% – 225%, depending on loan amount and repayment term.

Repayment terms are 6 to 9 months with monthly payments. Flexible scheduling is available to match your academic calendar.

Yes, the following apply:
  • Processing fee: $250 per loan
  • Origination fee: 2% – 5% of loan amount
  • Late payment fee: $100
  • Prepayment penalty: $0 (you can repay early without penalty)

If you meet the basic requirements (passport, TRN/SSN, bank account, enrolled student, 6+ months left in program, age 17+), you are likely eligible. Note: Meeting criteria does not guarantee approval. Applications undergo full verification.

Most applications are processed within a few business days. You’ll receive updates via email or phone once approved.

Yes! You can repay anytime without penalty. Early repayment may reduce the total interest you pay.

A $100 late payment fee will apply. Multiple missed payments may impact your eligibility for future loans and trigger additional collection measures.

No. Even if you meet all eligibility criteria, approval depends on verification and internal assessment.