Loans for Computer device Purchases

Full-time benefit-eligible employees can take advantage of an interest-free loan from the College to help with the purchase of computer device (s) and peripherals.  A purchase of solely peripheral equipment is not covered by this policy.  The loan may include the purchase of several items at one time, for example:

  • Desktop or laptop computer
  • Computer monitor, keyboard, and/or mouse
  • Router
  • Printer
  • Scanner
  • Tablet

Loans are made to employees after the purchase.  The original invoice must be provided when applying for this loan.  The following parameters apply:

  • The loan is made at two-thirds (2/3) of the price of the computer device (s) and peripherals being utilized with the computer, excluding taxes. 
  • The loan term is two years and payments are made through payroll deduction.
  • The loan minimum is $500 and cannot exceed $3,500.
  • Only one outstanding loan is allowed.  Therefore, all purchases of computer device (s) and peripherals must have been made and evidenced at the time the loan is extended.
  • Only one loan every two years is allowed, even if a previous loan is paid early.
  • Depending on other loans an employee has outstanding with the College, inputted income may be applicable.
  • The loan is not available for multiple purchases, for example: two tablets, two printers, etc.
  • Loans for cell phone or smart phone purchases will not be approved.

For further information, and to check your eligibility for a computer device (s) loan, please contact Sue Payne,