Mortgages

Home Mortgage

Home Mortgage

Our Home Mortgage Loan may assist you in finally attaining the home of your dreams; whether it is building, buying or refurbishing. We offer up to 90% of the lower of the valuation or the purchase price of the property to be acquired. As well as, attractive interest rates ranging from 5% to 8% on the reducing balance.

Requirements to Access Home Mortgage
  • Approved Membership
  • 5% of request on Shares
  • Recent Job Letter (three months)
  • Recent payslip (three months)
  • Evidence of Nationality
  • TransUnion Credit Check
  • Statements of Indebtedness for all existing loans
  • Statement of Savings
  • Title Deed or Lease and / or Deed of Mortgage for property to be mortgaged
  • Agreement for Sale (where applicable)
  • Valuation Reports (by approved Credit Union valuator)
  • Builders estimate and / or Quantity Surveyor's report (where applicable)
  • Completion Certificate (where applicable)
  • Up to date receipts for Land & Building Taxes, Lease Rent and WASA rates
  • Life Insurance Policy

All other Lending Criteria apply.

Visit any of our branches for further details.

Property Mortgage

Property Mortgage

Our Property Mortgage may assist you in acquiring one of the most valuable assets…land. We offer up to 90% of the lower of the valuation or the purchase price of the property to be acquired. As well as, attractive interest rates ranging from 5% to 8% on the reducing balance with the maximum repayment period is 15 years.

Requirements to Access Property Mortgage
  • Approved Membership
  • 5% of request on Shares
  • Recent Job Letter (three months)
  • Recent payslip (three months)
  • Evidence of Nationality
  • TransUnion Credit Check
  • Statements of Indebtedness for all existing loans
  • Statement of Savings
  • Title Deed or Lease and / or Deed of Mortgage for property to be mortgaged
  • Agreement for Sale (where applicable)
  • Valuation Reports (by approved Credit Union valuator)
  • Builders estimate and / or Quantity Surveyor's report (where applicable)
  • Completion Certificate (where applicable)
  • Up to date receipts for Land & Building Taxes, Lease Rent and WASA rates
  • Life Insurance Policy

All other Lending Criteria apply

Visit any of our branches for further details.

Motor Vehicle Mortgage

Motor Vehicle Mortgage

Our Vehicle Loans provides you with the opportunity of purchasing your own vehicle be it New, Local or Foreign Used.

New Vehicles You can own any Toyota, Nissan, Hyundai, Honda or Kia with 100% financing inclusive of insurance with eighty four (84) months repayment period.

Any new vehicles not included above with 100% financing inclusive of insurance with sixty (60) months repayment period.

Local and Foreign Used You can own any local and foreign used vehicles up to six (6) years with 100% financing inclusive of insurance with sixty (60) months repayment period.

Requirements New Vehicles
  • Approved Membership
  • 10% security held for the life of the loan on either shares or fixed deposit
  • 1% loan fee
  • Legal Fees
  • Recent Job Letter (three months)
  • Recent payslip (three months)
  • Mortgage Bill of Sale and Instrument of charge on the vehicle
  • Full comprehensive insurance coverage over the life of the loan

All other Lending Criteria apply.

Local and Foreign Used
  • Approved Membership
  • 25% security held for the life of the loan on either shares or fixed deposit
  • 1% loan fee
  • Legal Fees
  • Recent Job Letter (three months)
  • Recent payslip (three months)
  • Mortgage Bill of Sale and Instrument of charge on the vehicle
  • Full comprehensive insurance coverage over the life of the loan
  • Valuator's reports from Approved Auto Valuators
  • Foreign Used Dealers must be registered with the Ministry of Trade

All other Lending Criteria apply.

Equity Loan

Equity Loan

Our Equity Loan offers you opportunity to access additional financing for the purpose of home renovation, debt consolation, travel and educational expenses.

Requirements to Access Equity
  • Approved Membership
  • 5% of request on Shares
  • Recent Job Letter (three months)
  • Recent payslip (three months)
  • Evidence of Nationality
  • TransUnion Credit Check
  • Statements of Indebtedness for all existing loans
  • Statement of Savings
  • Title Deed or Lease and / or Deed of Mortgage for property to be mortgaged
  • Agreement for Sale (where applicable)
  • Valuation Reports (by approved Credit Union valuator)
  • Builders estimate and / or Quantity Surveyor's report (where applicable)
  • Completion Certificate (where applicable)
  • Up to date receipts for Land & Building Taxes, Lease Rent and WASA rates
  • Life Insurance Policy

All other Lending Criteria apply.