Borrow
Loans / Borrow:
No matter what you need Jannou Credit Union has a loan to fit your lifestyle. Whether you need to advance your life, solve a problem, repay a bill, manage debt, build a business or home, we have got a loan for that.
Our aim is to assist you in achieving your goals while maintaining financial independence. With our terms designed with you in mind, you can get a loan to suit any purpose.
Unsecured Loans:
Individuals wishing to apply for unsecured loans (loans greater than the share balance) at Jannou Credit Union must be a member for at least six (6) months and be in good financial standing with a consistent savings pattern. Members wishing to apply for this loan should meet the following requirements:
Requirements:
- Employed for a minimum of one (1) year
- Must be eighteen (18) years or older
- Provide proof of the ability to repay loan
- Provide an original copy of their most recent salary slip or first-time lenders must submit a signed and stamped job letter from their employer
- Life Insurance for loans over $60,000.00
- Submit a completed loan application and attend an interview with a Credit Officer if required.
Secured Loans:
Secured loans, commonly known as over the counter loans, refers to a loan that is secured by shares. Members can borrow money equal to or less than the value of their shares. No waiting period applies. These loans can be completed over the counter by a teller. Members wishing to apply for this loan should meet the following requirements:
Requirements:
- Must be able to meet monthly loan payments
- Must be eighteen (18) years or older
Must be a member
Members can apply by sending us an email at: apply@cscreditunion.org
Top Ride Vehicle Loan
Top Ride Vehicle Loan
Imagine the possibility of your dream ride. Imagine the convenience of being able to jump in anytime you wish. Imagine not having to borrow, rent, or be stranded. Imagine not having to wait on public transportation in the sun or rain. Imagine the freedom and excitement of being in the driver’s seat. Imagine a straight-forward loan, with no hidden terms. Imagine a loan for you. Imagine a Jannou TOP RIDE Loan!
Whether it's an upgrade or your first time, we've got you covered! We offer financing for both new and used vehicles.
When the time is right call your friends at Jannou for your TOP RIDE
New Vehicles:
Features:
- 100% financing
- Competitive interest rate
- Up to 8 years to repay
- Preapproved and automatic revolving loan to cover comprehensive insurance
Requirements:
- Must be a member
- Salary slip
- Invoice (NEW)
- Vendors’ letter (Less than 2Years)
- Vehicle insurance quotation
Used Vehicles:
Features:
- Competitive interest rate
- Up to 4 years to repay
- Preapproved and automatic revolving loan to cover comprehensive insurance
Requirements:
- Must be a member
- Salary slip
- Invoice
- Vendor’s letter
- Valuation from approved garage
- Insurance documents of previous owner
Apply today!
Email: Apply@cscreditunion.org Or speak to a representative https://www.jannou.org/contacts
Home Renovation
For home repairs and renovation, please provide us with:
- Estimate for repairs/quantities
- Land register
- House insurance for renovations over $6,000.00.
Furniture / Appliance
Avoid the extra hire purchase interest payments. With Jannou Credit Union you can purchase your furniture and appliances cash and then re-pay at a lower interest rate. Just bring us the invoice or quotation.
Loan Application Form
To download, click HERE
Debt Control
Do you have more than one loan at several other financial institutions and want only one payment at the end of the month? Come in and ask about a Debt Consolidation. Just bring us proof of debt and payoff amount(s)/statement.
Consumer
From home renovations (under $6,000.00), vacations or consolidating your debt, just bring your travel itinerary, approved vacation leave, bills or estimates.
Vehicle
If you are looking to buy a new or used car we can help.
For New Vehicles, provide us with:
- Invoice
- Vendors’ letter
- Vehicle insurance quotation
- Life insurance (if over $60,000.00).
Used or Re-conditioned Vehicles:
- Invoice
- Vendor’s letter
- Valuation from approved garage
- Insurance documents of previous owner (if purchasing locally)
- Insurance quotation.
Taxis or Minibuses - In addition to the above requirements;
- Route band / taxi association certificate with job letter and financials.
Insurance
For an insurance loan, please provide us with the insurance quotation.
Land
For a land loan, please provide us with:
- Valuation report
- Land register
- Deed of sale
- Vendor’s letter
- Life insurance cover note.
Building
For building loans, please provide us with:
- DCA approved plan
- Ministry of Health approval
- Deed of sale (copy)
- Recent land register
- Quantity surveyor’s report
- Land valuation
- Builder’s contract
- Life insurance.
Business
For a business loan, please provide us with:
- Full business plan
- Financials (existing business(s) /3-year projection)
- Property/life insurance
- Tax statement (past 3 years).
Back to School
EP & ED Back to School Loans:
We are aware of how important the decision to further your education, or that of a loved one, is to you. We also recognize that getting ready for a new school year may be stressful, especially with all the extra expenses and rising cost of living. Which is why we offer two types of Educational Loans (Back to School Loans). The first which is the Educator loan (ED) is for small sums, to cover the necessary tools and resources like school books and uniforms. The second option which is the Educator Plus (EP) is a much larger loan to finance tertiary education.
Let us assist you in prioritizing your own education and that of your children. Speak with us right away about our ED&EP Loan promotion!
Educator Loan (ED):
This loan is intended to lessen the financial strain on parents who are trying to send their kids to school. It applies to parents with children at the primary and secondary level. It covers all educational needs such as: books, laptops, uniforms, school fees and other school supplies. Do not wait last minute to get your child prepared. Apply for up to $10,000.00 today!
Features:
- Up to $10,000.00
- Competitive Interest Rate
- Low Share Requirement
- Up to 2 years to repay
Requirements:
- Recent Salary Slip
- Booklist
- Must be a member for six (6) months
This offer is available for a limited time only.
Apply today! Email: apply@cscreditunion.org or speak to a representative https://www.jannou.org/contacts
Educator Plus (EP):
This loan is intended for people who want to continue their education and stay competitive in the evolving labor market. In these challenging economic times do not put your dreams of pursuing your academic excellence on hold. Remain competitive in your industry. Apply for up to $20,000.00.
Features:
- Up to $20,000.00
- Competitive Interest Rate
- Low Share Requirement
- Up to four (4) years to repay
Requirements:
- Recent Salary Slip
- Acceptance Letter
- Must be a member for six (6) months
This offer is available for a limited time only.
Apply today! Email: Apply@cscreditunion.org Or speak to a representative https://www.jannou.org/contacts
Property
For a property loan, please provide us with:
- Valuation report
- Recent land register
- Survey map
- Deed of sale
- Vendor’s letter
- Structural Engineering Report (existing property)
- Life Insurance Status Report.
Medical
For a medical loan, just bring:
- Doctor’s referral and cost
- Life Insurance Status Report
Student / Education
For a student/education loan, please provide us with:
- Acceptance letter from educational institution
- Full costing for duration of studies
- Letter from employer (if study leave will be given, outlining terms and conditions)
- Valuation of property (if property will be held as security), deed of sale land register, life insurance
- Authorisation from land owner for use as security for loan.*
* Other terms and conditions apply.
