Home Improvement/ Housing Loans

Home Improvement/ Housing Loans

Add that extra room; get that roof repaired or repaint. Whatever the need, we can finance it for you.

Key Financials

5 %

Interest Rate

  • Share Ratio: 4 to 1
  • Repayment Period: 15 years

Requirements

  1. Salary Slip (Recent)
  2. Job Letter (Employment Status)
  3. Form of ID (Valid)
  4. Copy of Deed/Lease
  5. Written Permission (if jointly owned)
  6. Detailed Estimate from Builder (with drawing of major improvements or additions
IMPORTANT NOTES

Rates and terms are subject to a full credit assessment and credit check.

All documents will be submitted to the Credit Union’s attorney for processing of Mortgage deed. Ten percent (10%) of the mortgage will be released upon approval. The balance of funds will be released after signing of Mortgage Deed. If Member wishes for more than one person to be on Mortgage Deed, ALL parties MUST attend signing.

Stamp Duties to be paid by Member.

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