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

Application Checklist

Recent Job Letter (not older than 3 months)

Recent Pay Slip (not older than 1 month)

Proof of Address – A Utility Bill or Bank Statement (not older than 3 months)

Two valid forms of picture identification.

Self-employed – Business registration certificate, bank statements, and audited financial statements (minimum 2 years).

Vehicle Quotation

Insurance Quotation

All other normal 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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