Loan Products offered by us

Unsecured Loan

This is a conditional credit facility which allows you to borrow up to $2,000,000.00 and repay within 48 months. No security required.

 

 

 

 

    Requiremenents:
  • Deposit 20% of the amount required to your share account
  • Compulsory Savings
  • Character reference letter from O.C./Supervisor
  • Last two pay slips
  • Picture Identification
  • Proof of loan purpose
  • Guarantor letter signed and stamped by JP (ROD 6 months and 3JR(NR) and civilian)
  • Guarantor's Identification
  • Guarantor's last pay advice
  • Guarantor's last pay advice
  • Valid Identification
  • T.R.N.
  • Make an appointment at the front desk
  • CONDITIONS APPLY
Insure Plus

NNeed Comprehensive Insurance for your motor vehicle? Then the Insure Plus Loan is the guaranteed loan for you. Interest rates are dependent on the category applied for whether secured or unsecured.

 

 

    Requiremenents:
  • Copy of Driver's License
  • Copy of Motor Vehicle Documents
  • Last two pay advices
  • Copy of Valuation report with photograph of vehicle
  • Insurance Premium quotation signed and stamped
  • Drivers License
  • T.R.N.
Motor Vehicle Loan

JDFCUUoffers competitive rates and flexible terms on both new and previously owned vehicles. Purchase motor vehicle up to 13 years old. Get up to 100% financing, with interest rate as low as 12% p.a. Motor Vehicle Loan calculated on the reducing balance per month. Think of the high risk of undertaking to get financing through a car mart. Stick to your financial associates JDFCCU and erase your first thought. Already have a vehicle loan with another lending institution? We would be more than happy to refinance your loan and save you money taking your expenses in mind.

 

    Requiremenents:
  • Motor vehicle documents (Registration, Fitness & Title) copies
  • Valuation report and two (2) Photograph of Vehicle
  • Import entry (Brand new vehicle)
  • Proforma Invoice/Sale Agreement/Statement
  • Last two Pay slips
  • At least three months membership.
  • Picture ID
  • TRN


click to see the Motor Vehicle Loan Schedule

Easi Loan

Traveling with cash can become dangerous. Combined with purchase power, services and other exclusive features, the JDFCCU introduces Easi-Loan which is similar to a credit card facility.easi-loan Deposit only 20% of the amount required and get up to $750,000.00 unsecured with a repayment period of 60 months or revolving. Attractive interest rate of 18% p.a. calculated on the reducing balance per month. Access your funds at any multilink ATM island wide.

    Requiremenents:
  • Proof Loan purpose
  • Last two pay slip
  • 20% deposit
  • Must be a member of the credit union for more than 6 months
  • Debt to income ratio calculated
  • Compulsory savings
  • Loan repayment by salary deduction
  • Job Letter (Everyone Except Military Personnel)
  • Guarantor letter signed and stamped by JP (ROD 6 months and 3JR(NR) and civilian)
  • Guarantor's Identification
  • Guarantor's last pay advice
  • Guarantor's last pay advice
  • Valid Identification
  • T.R.N.
  • Make an appointment at the front desk
  • CONDITIONS APPLY
Hire Purchase Loan

The hire purchase loan plan was designed to assist members in the purchasing of their furniture, appliances and computers. With the Hire Purchase Plan you are able to borrow up to $300,000 at an interest rate of 15% per annum on the reducing balance for a period of up to 36 months. Members having an existing Hire Purchase agreement with a reputable furniture store for less than 12 months can apply for this loan product to offset their existing balances.

 

 

    Requiremenents:
  • proforma invoice from furniture store
  • Last two (2) pay advice
  • Deposit of 0% of loan amount
  • ID
  • TRN
Wedding Loans

Getting married? Do it with a Wedding Loan. No security required. Get up to $300,000.00 and repay within 24 months.

 

 

 

 

 

    Requiremenents:
  • Pro forma invoice from wedding planner, caterer etc.
  • Last two (2) pay slips
  • Share requirement of 10% of loan amount
  • Membership of at least 3 months
  • Letter & ID from Guarantor
Education Loan

This loan is specially designed to assist members with tuition and school expenses. The package is available for both adults and children. Benefit from $600,000.00 with a repayment period of up to 5 years for Tertiary level and $300,000.00 with a repayment period of up to 2 years for ordinary level.

 

    Requiremenents:
  • Last 2 pay Slips
  • Picture ID
  • Child Account
  • School Voucher, Proforma-Invoice for books to be purchased
Lap Top Loan

This loan is designed to meet the technological need of our members. Maximum repayment time 24 months.

 

 

 

 

    Requiremenents:
  • Pro forma Invoice from a reputable vendor
  • Last 2 pay Slips
  • Share requirement of 10% of loan amount
  • Membership of at least 3 months
Quick Cash

Take advantage of the Quick Cash Loan and borrow up to $300,000.00 repaid over 24 months.

 

 

 

 

    Requiremenents:
  • Membership of at least 3 months.
  • Last salary advice
  • Valid Identification(Driver's Licence, passport or National ID)
  • Job Letter (Everyone except Military Personnel)
  • Compulsory Savings
  • 2.5% Deposit of the amount in shares, Minimum of $3,000.00
  • Guarantor letter signed and stamped by JP (ROD 6 months or less)
  • Guarantor's Identification
  • Guarantor's last pay advice
  • Guarantor agreement form signed by JP
Shares Loan

This is a loan that allows members to use the money in their shares account as security for a loan. The member is actually borrowing from him/her self instead of withdrawing the amount in the shares account.

 

 

 

    Members are encouraged to take a shares loan because:
  • Dividend is paid on the shares balance annually
  • The money in the share account is insured up to 3 times the shares balance.

  • Characteristics:
  • Members have access up to 100% of the amount unencumbered in their shares account
  • Interests charged on this loan is as low as 10% p.a. on the reducing balance and members are allowed up to 6 years to repay the loan
Personal Loan

APersonal loan is one in which a member may use shares and other assets as security and benefit from interest rates between 14% - 15% p.a. calculated on the reducing balance per month. Get up to 10 times your shares balance to a maximum of $7 million. Repayment time of up to 120 months depending on the security offered.

 

 

 

    Requiremenents:
  • Must be a member
  • Last two pay advice
  • Proof of loan purchase
  • Picture identification
  • Original security documents

  • Collateral Type:
  • Appliances less than 3 years
  • Real Estate (property)
  • Cash
  • Insurance Policy (Cash Surrender Value)
  • Motor Vehicle
  • Co-maker