Consumer Loans

Home Improvement Loan

Home Loan

Our Home Improvement Loan may assist you in completing simple to complex renovations to your home. Whether it is upgrading your home's features; creating more living space or even personalizing your home to fit your lifestyle.

Requirements to Access Home Improvement Loan
  • Approved Membership
  • Recent Job Letter (three months)
  • Recent payslip (three months)
  • TransUnion Credit Check
  • Supporting Documents (i.e. Builders Estimates, Invoice)
  • Shares is used as collateral at PSCU Credit Union
  • Processing Fee of $50.00 (TT) on loans up to $5,000.00 (TT) and Loans greater than $5,000.00 (TT) 1% is charged on amounts borrowed.

Loans will be subject to normal lending Criteria

Educational Loan

Education Loan

Our Educational Loans can assist you with all your educational needs; starting with purchasing school expenses for your little one to achieving your dream of furthering your Tertiary Education.

Requirements to Access Educational Loan
  • Approved Membership
  • Recent Job Letter (three months)
  • Recent payslip (three months)
  • TransUnion Credit Check
  • Supporting Documents (i.e. Booklist, School Registration, Invoice)
  • Shares is used as collateral at PSCU Credit Union
  • Processing Fee of $50.00 (TT) on loans up to $5,000.00 (TT) and Loans greater than $5,000.00(TT) 1% is charged on amounts borrowed.

Loans will be subject to normal lending Criteria

Travel Loan

Travel Loan

PSCU offers you the opportunity to obtain that long awaited vacation you always wanted, or that dream honeymoon or simply to get away from it all, with our affordable Travel loans.

Requirements to Access Travel Loan
  • Approved Membership
  • Recent Job Letter (three months)
  • Recent payslip (three months)
  • TransUnion Credit Check
  • Supporting Documents (i.e. airfare, accommodation, invoice)
  • Shares is used as collateral at PSCU Credit Union
  • Processing Fee of $50.00 (TT) on loans up to $5,000.00(TT) and Loans greater than $5,000.00 1% is charged on amounts borrowed.

Loans will be subject to normal lending Criteria

Medical Loan

Medical Loan

Our Medical Loan is to assist for the times when life can be disrupted though sudden illness or accident which may occur; causing you emotional, mental and financial strain. PSCU is here to assist you in these unforeseen times.

Requirements to Access Medical Loan
  • Approved Membership
  • Recent Job Letter (three months)
  • Recent payslip (three months)
  • TransUnion Credit Check
  • Supporting Documents (i.e. airfare, accommodation, invoice)
  • Shares is used as collateral at PSCU Credit Union
  • Processing Fee of $50.00 (TT) on loans up to $5,000.00(TT) and Loans greater than $5,000.00, 1% is charged on amounts borrowed.
Loans will be subject to normal lending Criteria

P.E.R.L Loan

Perl Loan

In times of financial difficulty, our P.E.R.L (PSCU Emergency Revolving Loan) can assist you obtaining quick and easy cash from a minimum value of $500 to a maximum value of $5,000 and is secured to a limit of not more than twice your shares.

Requirements to Access P.E.R.L
  • Must be a member for 3 years
  • Recent payslip (three months)
  • A processing fee of $25.00 (TT)
  • Loans amount must fall within the 2:1 lending policy
  • An interest rate of 10% with a minimum duration of six (6) months to a maximum duration of twelve (12) months
Benefits to the Member
  • P.E.R.L loans can be accessed immediately
  • No appointments are necessary for P.E.R.L
  • It is a no-hassle loan
  • Members P.E.R.L Loan be approved within 24hrs

Micro Enterprise (M.E) Loan

Micro Enterprise Loan

The M.E. loan (Micro Enterprise Loan) is targeted at current and future entrepreneurs desirous of setting up a new business or expanding an existing business. This loan is designed to promote entrepreneurial activity which would improve the economic well-being of members and their families, with a 7 to 10 day approval time and up to $50,000 (TT) repayable within a 48-72 month time frame.

Requirements to Access M.E.Loan
  • Approved Membership
  • Recent Job Letter (three months if applicable)
  • Recent payslip (three months if applicable)
  • TransUnion Credit Check
  • Business Plan with three (3) year projection must be provided
  • Annual audited accounts

Loans will be subject to normal lending Criteria