All loans are subject to normal lending criteria.

  • Proper documentation must be provided (pay slip, supporting documents for Loan)
  • Member must be in good standing
  • Must be a member for 6 months if applying for a loan over shares.

Download your loan form by clicking on the link below,
ask your Liaison Officer, or Contact Us for further information.

Loan Application Form

Supporting Documents

Personal Loan

  1. Invoice or Pro Forma Invoice of Item to be Purchased
  2. Submission of necessary bills for which the loan is needed for e.g. TSTT, Flow, T&TEC, WASA etc.

New Vehicle

  1. Production of a Pro Forma Invoice containing the following:
    (a) Price of vehicle – inclusive of VAT
    (b) Chassis Number
    (c) Colour of Vehicle
    (d) Make and Model
    (e) Engine Number.
  2. Assignment of Full Comprehensive Insurance Policy.
  3. Submission of Certified Copy of Vehicle Ownership within fourteen (14) days of receipt of the vehicle.
  4. Repayment period of six (6) years for the amount in excess of savings.
  5. Mortgage Bill of Sale on the Vehicle.
  6. Payment of Legal Fees by Applicant.
  7. Ten percent (10%) of the required loan in unencumbered share capital is required.

NOTE: Repayment period of six (6) years for the amount in excess of savings.

Used Vehicle

  1. For Vehicles up to six (6) years the applicant must have at least fifteen percent (15%) of the required loan in unencumbered share capital.
  2. For vehicles over six (6) years the applicant must have a minimum of fifty percent (50%) of the required loan in unencumbered share capital.
  3. Submission of Certified Copy of Vehicle Ownership within fourteen (14) days of receipt of the vehicle.
  4. Appraisal/Valuation Report from a firm and/or garage, acceptable to the Committee.
  5. Certified Copy of the Registration of Vehicle.
  6. Assignment of Full Comprehensive or Third Party-Fire and theft Insurance Policy.
  7. Mortgage Bill of Sale on the vehicle.
  8. Payment of Legal Fee by Applicant.