Equity Loan

Build your investments with Real Estate

The Equity Loan (ELF) will provide financing to members who can provide land, property or adequate security to PCU. The loan will be available to members who are either existing land or property owners or to those seeking purchase land or property. The loan is also available to members who are seeking to invest in property as a source of income generation or to members who have land or property and need financing to construct or upgrade. Although investment in property is the primary purpose of this facility, the loan could be used to finance other activities such as:

• Business Investment:

Subject to submission of supporting documents. Criteria my vary based on how long the business has been operational. Requirements to include

Business Plan

3-year cash flow projection

3-year audited financials

Business Registration Certificate

1 year Bank Statements

• Education

• Debt Consolidation

*Interest rate as low as 4.5%

*Financing up to age 75

Build your investments with Real Estate.

Get a maximum of $750,000.00

  • Applicants accounts must be in good standing for at least 6 months prior to the time of making the application.
  • Unencumbered shares no less than 10% of the loan value required for new members
  • Members are required to pay the fees for TransUnion Report, Title Search, Valuation Report and any other associated costs
  • Member must increase share contribution by $200.00 per month
Maximum Loan Amount: $750,000.00
Repayment Period: 240 months (20 years)
Interest Rate: 4.5% per annum
Commitment Fee: .5%

Build your investments with Real Estate

Get a maximum of $750,000.00

  • Applicants accounts must be in good standing for at least 6 months prior to the time of making the application.
  • Unencumbered shares no less than 10% of the loan value required for new members
  • Members are required to pay the fees for TransUnion Report, Title Search, Valuation Report and any other associated costs
  • Member must increase share contribution by $200.00 per month
Maximum Loan Amount: $750,000.00
Repayment Period: 240 months (20 years)
Interest Rate: 4.5% per annum
Commitment Fee: .5%
Apply Now

CALL: 1-868-612-4728

Equity Loan

General loan requirements

Requirements

• Two (2) valid forms of national identification
• A job letter addressed to PCU
• Three (3) months’ pay slips
• Three (3) months bank statements
• If self-employed, a member must produce bank statements for the last two years or the life of the business whichever is less.
• Utility bill no older than 2 months
• Supporting Documents, included but not limited to:
• Proof of liabilities indicating outstanding values such as hire purchase values, credit card balances which should include any security held.
• Copy of Mortgage Deed/ Certificate of Title, Land register.
• Town and Country Approval
• Most recent Property Tax receipt.
• Motor Vehicle Title (as required)
• Evidence of Home Insurance (to be assigned to TTPCU and must cover the value of the home).
• WASA Clearance Certificate
• Quotations for repairs / QS - BOQ ▪ Invoices for purchases.
• Agreement of sale between parties (where applicable)
• A TransUnion report as at the date of the loan application
• Fees: Commitment fee of .5%

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