MEMBER CARE PORTAL
MOTOR VEHICLE LOAN REQUIREMENTS
Motor Vehicle may be purchased from a dealership, auto sales/mart or an individual.
Purchasing From A Used Car Dealership or From an Individual
- Invoice or Sale Agreement
- Previous owner copy ID
- Evaluation Report
- Advance Insurance Adjusters
- Auto Assessors Associates Ltd
- Lloyd?s Motor Insurance Adjusters
- Mendez Livingston Incorporated Ltd
- MSC McKay (Ja) Ltd
- Orion Loss Adjusters & Valuation Ltd
- Priority Loss Adjusters Ltd
- Smiles Loss Adjusters Limited
- Copy Fitness, Registration, Certificate of Title
- For vehicles sold on behalf of an individual and sold by a Used Car Dealer a letter giving car dealer permission to sell vehicle on owner?s behalf or letter indicated previous owner has no interest in the vehicle.
- If Imported a C87/Import Entry
Purchasing From An Individual Who Has A Lien/Loan On The Vehicle
In addition to the above documents:
- Statement from Financial Institution a Statement must be stamped and signed
Purchasing From the Dealership (New Vehicle a New to One Year)
- Invoice
- C87/Import Entry
- Copy Fitness
The Member
- Last two months pay slips
- Driver?s License ID
Loan Insurance
- Copy Birth Paper or Passport (For Loan Insurance)
OR
- Assignment of existing insurance (must have creditor life clause)
Other Conditions
- Credit Report will be generated. The CU may require statements from other financial institutions seen on the Credit Report that are not closed or removed from the Credit Report.
- JDF Members with less than one-year ROD and over 18 years of service will be required to sign a pension letter. This letter only takes effect whenever the member retires from JDF. The monthly loan repayment/obligation will be deducted from their pension.
Motor Vehicle Loan Repayment Schedule
| Year Vehicle | Monthly Payment per $1M | Compulsory Savings | Total Deduction per $1M |
| New a 1 Year | $11,920.00 | $6,000.00 | $17,920.00 |
| 2 a 5-Years | $14,950.00 | $6,000.00 | $20,950.00 |
| 6-7 Years | $18,050.00 | $5,500.00 | $23,550.00 |
| 8-9 Years | $19,050.00 | $5,500.00 | $24,550.00 |
| 10-11 Years | $22,760.00 | $5,000.00 | $27,760.00 |
| 12 Years | $33,700.00 | $5,000.00 | $38,700.00 |
| 13 Years | $39,300.00 | $5,000.00 | $44,300.00 |
EASI LOAN REQUIREMENTS
| Maximum Loan Amount | $1,000,000.00 |
| Repayment Period | 60 Months a 5 Years |
| Equity | 15% of loan amount in share equity account |
| Monthly Payment | $30,400.00 |
Requirements.
- Last two months pay slips
- ID
- Job Letter (For first time borrowers)
- Signed final payment letters (issued by the CU)
Loan Insurance
- Copy Birth Paper or Passport (For Loan Insurance)
OR
- Assignment of existing insurance (must have creditor life clause)
Other Conditions
- Credit Report will be generated. The CU may require statements from other financial institutions seen on the Credit Report that are not closed or removed from the Credit Report.
- If credit score is a high-risk, a guarantor will be required. For the guarantor:
- Completed guarantor form
- Guarantor last pay slip
- Guarantor ID
- Guarantor job letter (for non-JDF members) a non-JDF members must be permanently employed.
- Guarantors as serving JDF members, ROD must be at minimum one year of the member?s ROD.
- Guarantors as serving JDF members, must be a rank higher than that of the member.
- JDF Members with less than one-year ROD and over 18 years of service will be required to sign a pension letter. This letter only takes effect whenever the member retires from JDF. The monthly loan repayment/obligation will be deducted from their pension otherwise a guarantor document is required.
Easi-Loan Repayment Schedule
HOME EQUITY LOAN REQUIREMENTS
Use the equity within an existing property to secure a loan.
Maximum Loan Amount: a $17,000,000.00
Repayment Period: a 15 Years
Equity: a? 10% of loan amount in share equity account
(Equity can be deducted from loan amount)
Loan Purpose: a Home Improvement
Purchase Another Property
Purchase Solar Energy
Consolidate Loans
Start a Business
Unlimited
Monthly Payment: a $191,650.00
Requirements
- Minimum 3 months membership
- Proof of Loan purpose a Invoice, Statements, Sale Agreement etc.
- Last two months pay slips
- ID
- Job Letter (For Civilian members)
- Valuation Report (Not exceed 2 years)
- Surveyors ID Report
- Original Certificate of Land Title
- Property Tax Certificate (Payment of property tax receipt)
- Status Letter from 1staMortgagee
Loan Insurance
- Copy Birth Paper or Passport (For Loan Insurance)
OR
- Assignment of existing insurance (must have creditor life clause)
Other Conditions
- 90% of the property?s forced sale value can be used as security.
- If the property is not owned by the member or is jointly owned, an authorization letter along with ID of the owner/joint owner giving permission to use property as security. The authorization letter must be stamped and signed by a JP.
Unsecured Booster Loan Repayment Schedule
SIGNATURE PLUS LOAN REQUIREMENTS
Maximum Loan Amount: a $500,000.00
Repayment Period: 36 Months/3 Years
Equity: 10% of loan amount in share equity account
Monthly Payment: $23,100.00
Requirements
- Minimum 3 months membership
- Last two months pay slips
- ID
- Job Letter (For first time borrowers)
- Signed final payment letters (issued by the CU)
Other Conditions
- Credit Report will be generated. The CU may require statements from other financial institutions seen on the Credit Report that are not closed or removed from the Credit Report.
- If credit score isahigh-risk, a guarantor will be required. For the guarantor:
- Completed guarantor form
- Guarantor last pay slip
- Guarantor ID
- Guarantor job letter (for non-JDF members) a non-JDF members must be permanently employed.
- Guarantors as serving JDF members, ROD must be at minimum one year of the member?s ROD.
- Guarantors as serving JDF members, must be a rank higher than that of the member.
- JDF Members with less than one-year ROD and over 18 years of service will be required to sign a pension letter. This letter only takes effect whenever the member retires from JDF. The monthly loan repayment/obligation will be deducted from their pension otherwise a guarantor document is required.
Signature Plus Loan Repayment Schedule
UNSECURED BOOSTER LOAN REQUIREMENTS
Maximum Loan Amount: $3,000,000.00
Repayment Period: 72 Months a 6 Years
Equity: 15% of loan amount in share equity account
Monthly Payment: $74,500.00
Requirements
- Minimum 3 months membership
- Proof of Loan purpose a Invoice, Statements, Sale Agreement etc.
- Last two months pay slips
- ID
- Job Letter (For first time borrowers)
- Signed final payment letters (issued by the CU)
Other Conditions
- Payments under this loan product are made as per the loan purpose.
- Credit Report will be generated. The CU may require statements from other financial institutions seen on the Credit Report that are not closed or removed from the Credit Report.
- JDF Members with less than one-year ROD will be required to sign a pension letter. This letter only takes effect whenever the member retires from JDF. The monthly loan repayment/obligation will be deducted from their pension.
- If credit score isahigh-risk, a guarantor will be required. For the guarantor:
- Completed guarantor form
- Guarantor last pay slip
- Guarantor ID
- Guarantor job letter (for non-JDF members) a non-JDF members must be permanently employed.
- Guarantors as serving JDF members, ROD must be at minimum one year of the member?s ROD.
- Guarantors as serving JDF members, must be a rank higher than that of the member.
- JDF Members with less than one-year ROD and over 18 years of service will be required to sign a pension letter. This letter only takes effect whenever the member retires from JDF. The monthly loan repayment/obligation will be deducted from their pension otherwise a guarantor document is required.
Unsecured Booster Loan Repayment Schedule
QUICK CASH LOAN REQUIREMENTS
Maximum Loan Amount: a a$350,000.00
Repayment Period: a a a a24 Months 2 Years
Equity: 10% of loan amount in share equity account
Requirements
- Minimum 3 months membership
- Last pay slip
- ID
- Job Letter (For first time borrowers)
- Signed final payment letters (issued by the CU)
Other Conditions
- If the member has an existing Unsecured Loan, a credit report will be generated. The CU may require statements from other financial institutions seen on the Credit Report that are not closed or removed from the Credit Report.
- If credit score isahigh-risk, a guarantor will be required. For the guarantor:
- Completed guarantor form
- Guarantor last pay slip
- Guarantor ID
- Guarantor job letter (for non-JDF members) a non-JDF members must be permanently employed.
- Guarantors as serving JDF members, ROD must be at minimum one year of the member?s ROD.
- Guarantors as serving JDF members, must be a rank higher than that of the member.
- JDF Members with less than one-year ROD and over 18 years of service will be required to sign a pension letter. This letter only takes effect whenever the member retires from JDF. The monthly loan repayment/obligation will be deducted from their pension otherwise a guarantor document is required.
SOFT LOAN REQUIREMENTS
Maximum Loan Amount: $100,000.00
Repayment Period: 12 Months (1 Year)
Equity: $5,000.00
Monthly Payment: $10,200.00
Requirements
- Minimum 3 months membership
- Pay slip
- ID
- Job Letter (For first time borrowers)
- Signed final payment letters (issued by the CU)
Other Conditions
- If the member has an existing Unsecured Loan, a credit report will be generated. The CU may require statements from other financial institutions seen on the Credit Report that are not closed or removed from the Credit Report.
- If credit score isahigh-risk, a guarantor will be required. The following conditions are:
- Completed guarantor form
- Guarantor last pay slip
- Guarantor ID
- Guarantor job letter (for non-JDF members) a non-JDF members must be permanently employed.
- Guarantors as serving JDF members, ROD must be at minimum one year of the member?s ROD.
- Guarantors as serving JDF members, must be a rank higher than that of the member.
- JDF Members with less than one-year ROD and over 18 years of service will be required to sign a pension letter. This letter only takes effect whenever the member retires from JDF. The monthly loan repayment/obligation will be deducted from their pension otherwise a guarantor document is required.
EDUCATION LOAN REQUIREMENTS
Primary & Secondary Education
Maximum Loan Amount: $500,000.00
Repayment Period: 36 Months/3 Years
Equity: 0%
Monthly Payment: $22,100.00
Requirements
- Must have a child account
- Last two months pay slips
- ID
- Job Letter (For first time borrowers)
- School voucher, Invoice for book purchase etc.
- Signed final payment letters (issued by the CU)
Other Conditions
- Maximum of $50,000.00 cash per child to cover miscellaneous expenses (uniform, shoes etc.)
- No debt ratio calculation.
Tertiary Education
| Maximum Loan Amount | $1,200,000.00 |
| Repayment Period | Duration of course |
| Secured | 10% |
| Equity | 0% |
| Monthly Payment | $40,200.00 |
Requirements
- Last two months pay slips
- ID
- Job Letter (For first time borrowers)
- Course acceptance letter or statement from institution outlining balance (stamped and signed)
- Signed final payment letters (issued by the CU)
Other Conditions
- Proceeds from loan can be used to purchase laptops or tablets.
- No debt ratio calculation