Mortgage Loan

 

Our Mortgage Loan is granted specifically for the purpose of acquiring or improving real estate for residential purposes. We make it easy for you to own a home by offering you very attractive and competitive loan rates. A deposit of 5% share equity with interest rates as low as 7.5% and you can be on your way to achieving your dream of home ownership. Rates are variable and conditions apply.

Requirements:

  • One Passport Size Photograph.
  • Valid Identification ( Driver’s License, Passport, Barbados Identification Card)
  • Last three (3) Salary Slips.1
  • Job letter stating salary, position, and commencement date of employment.
  • Up-to-date utility bill for current address.
  • Letter from co-operative society or financial institution showing the status of existing mortgage for mortgage transfers.
  • Sales Agreement.
  • Deposit Receipt.
  • Valuation Report with photograph of property.
  • Fire & Peril Insurance.

*Conditions Apply

Mission Statement

We The Light & Power Employees' Co-operative Credit Union Ltd. are committed to providing quality financial products and services to meet the needs of our members, with the highest level of integrity.

  • Hours of Business

    Monday-Friday 8:00am-4:45pm
    Closed on Saturday,Sunday & Public holidays


    Search LPECU