Local/Foreign Used Loan

You can own any local and foreign used vehicle, up to six (6) years old, with our 100% financing facility inclusive of insurance with a sixty (60) month repayment period.

Local/Foreign Used Loan Vehicles

Get a Local/Foreign Used Vehicle Loan with three easy steps

Membership In The Credit Union

Existing members ensure your account is up to date & current.

New members ensure your application is approved.

Non-members – apply for membership. Submit the completed application form along with all required documents.

Make sure your membership is up to date and approved.

1

Gather Your Documents & Apply

Gather all required documents in the checklists below and submit your application.

2

Have Your Application Verified And Approved

Get verified and approved for your loan of your choice.

3

LOCAL/FOREIGN USED VEHICLE

Application Checklist

A list of your application needs to get you started! Make sure you have these before you apply for your loan.

Recent Job Letter (three months)

Recent pay slip (three months)

Mortgage Bill of Sale and Instrument of charge on the vehicle

Full comprehensive insurance coverage over the life of the loan

Foreign Used Dealers must be registered with the Ministry of Trade

All other Lending Criteria apply.

Requirements for Local/Foreign Used Vehicles

Frequently asked questions

Yes, we do! We offer 100% financing inclusive of insurance with a repayment period of 72 months on local and foreign used vehicles (1 to 3 years).

The maximum repayment period is 72 months.

The fees associated with a used vehicle loan are:

  1. Loan processing fee – 1.2% of the total amount borrowed.
  2. Legal costs – Searches/ Mortgage Bill of Sale
  3. Valuation report
  4. Credit Check

All fees associated with the processing of the loan is borne by the member.

PSCU Become a Member

Become a member today!

PSCU’s membership offers the most affordable options to help you save, borrow, and manage your finances.

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